Doubts about bank balance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2016 I have salary income of 2lac for FY 13-14,

1.27lac in FY 14-15 as tution fees(shown at income from other sources). I have filed both the ITRs 2weeks back &

Im gonna show around 1.5lac as tution fee again in this FY.

Now if I deposit 5lac & issue a cheque for the same amount in March 2016 will it gonna be an issue.

Ganeshbabu K

Ganeshbabu K (Expert)
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02 March 2016 It can be convinced like this money is from retained earnings or loan taken by others

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Ankur Singhal

Ankur Singhal (Expert)
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02 March 2016 Dear
Pls check that the total deposits in the bank account is not more than Rs 10 lakh.
Otherwise no problem.

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Amol S Joglekar

Amol S Joglekar (Expert)
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02 March 2016 What is the reality is more important than what you can show by creating some illusion. If you have the sources for 5L, show it accordingly. That is always better.

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