Deposit above 10 lakhs in saving bank account in fy
This query is : Resolved
14 April 2018
RESPECTED SIR
DEPOSIT IN SEV BANK ACCOUNT ABOVE 10 LAKH AND GOT NOTICE FROM IT DEPT ASK TO FILE RETURN, SO HOW SHOW SAV AMOUNT SHOW TOTAL AMOUNT AS INCOME OR SALES TO COMPUTE TAX LIABILITY? PLEASE SIR ADVICE HOW TO FILE ......
DEPOSIT IN SEV BANK ACCOUNT ABOVE 10 LAKH AND GOT NOTICE FROM IT DEPT ASK TO FILE RETURN, SO HOW SHOW SAV AMOUNT SHOW TOTAL AMOUNT AS INCOME OR SALES TO COMPUTE TAX LIABILITY? PLEASE SIR ADVICE HOW TO FILE ......
14 April 2018
you first need to know what is the actual source of this cash. If is revenue receipt, then yes it needs to be included in your income and offered to tax.
14 April 2018
RESPECTED SIR
THANKS FOR REPLIES TRANSACTION IN HIS BOOKS BUT MONEY BELONGS TO OTHERS FOR BUSINESS TRANSACTION. NOW IS HE NEED TO SHOW TOTAL TRANSACTION AS SALES OR INCOME HOW TO SOLVE PLEASE ADVICE THANKS.........
THANKS FOR REPLIES TRANSACTION IN HIS BOOKS BUT MONEY BELONGS TO OTHERS FOR BUSINESS TRANSACTION. NOW IS HE NEED TO SHOW TOTAL TRANSACTION AS SALES OR INCOME HOW TO SOLVE PLEASE ADVICE THANKS.........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
