Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2016 I got call from cit to visit his office
But I dont know why he call pls reasons for call

I had cash deposit 10 lakh in 2009-10 year now tell me what to tell him
Tell me how to explian that cash deposit so that they can not add it as income

I had deposit it for investments in commodity I had depisit cash firstly and then send a chq to broker for my trading comodity account

Pls telk me remedy

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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30 July 2016 Do not guess, especially before the IT Department, it may result into divulging unnecessary information to them. Meet them with innocence and obedience. They will let you know what the problem is.

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2016 I am sure they called for bank statemnt for that 10 lakh cash deposit
Bcz I had recd. Notice regarding this

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CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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30 July 2016 You visit them personally and solve on your own or take assistance of any tax expert / liaison. Certain things cannot be replied on this open forum.

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2016 Can I contact u for some more questions on that topic its very difficult to espress by typing

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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01 August 2016 Commissioner of Income (CIT) will not involve in petty matters. Kindly verify the veracity of the call. You may consult any CA locally.