Income Tax Return


29 July 2017 cash deposit in current account during demonatisation in new currency out of sale should be declared in Return ?

29 July 2017 Yes. The cash deposits in bank accounts per PAN is required irrespective of whether the deposit was into Savings or current sccount

29 July 2017 Youu have to declare any payment made in excess of Rs.200000/- in any bank a/c


29 July 2017 Return Instruction say that deposit in current account not required

29 July 2017 Its required.

29 July 2017 new currency than also

29 July 2017 even if new currency

29 July 2017 There's no mention about new currency or old demonetized currencies. The rule requires that all cash deposits above Rs.2.00 lacs be reported


29 July 2017 what about return instruction

29 July 2017 Where this instruction given

29 July 2017 return form instruction on income tax e-filing website

29 July 2017 But in return it is clearly mentioned that details of deposit in all a/c is required


30 July 2017 just go through return instruction and reply

30 July 2017 I go through after that reply.
You read it again.

30 July 2017 Here is instruction given

Please provide the details of all the savings and current accounts held by you at any time during the previous year. However, it is not mandatory to provide details of dormant accounts which are not operational for more than 3 years. Please indicate the account in which you would like to get your refund credited irrespective of whether you have refund or not. The account number should be as per Core Banking Solution (CBS) system of the bank. The amount of cash deposited during 09.11.2016 to 30.12.2016 in the said bank accounts should also be filled. In case cash is deposited during 09.11.2016 to 30.12.2016 in any account other than the current and savings account (viz. loan accounts etc.), then details of such account indicating the cash deposited in the said account during the said period should also be provided.
It may be noted that details of cash deposited are to be provided, if the aggregate amount of cash deposited during 09.11.2016 to 30.12.2016 is Rs.2 lakh or more.


30 July 2017 As per my opinion It is written in any account other than current and savings account details to be provided In case cash is deposited during 09.11.2016 to 30.12.2016 in any account"other than the current and savings account (viz. loan accounts etc.),"then details of such account indicating the cash deposited in the said account during the said period should also be provided. 

30 July 2017 Please provide the details of all the savings and current accounts held by you at any time during the previous year.
The amount of cash deposited during 09.11.2016 to 30.12.2016 in the said bank accounts should also be filled. In case cash is deposited during 09.11.2016 to 30.12.2016 in any account other than the current and savings account (viz. loan accounts etc.), then details of such account indicating the cash deposited in the said account during the said period should also be provided.



30 July 2017 READ IT NOW. YOU ARE NOT GETTING WHAT WRITTEN IN INSTRUCTION

30 July 2017 Thanks a lot

30 July 2017 Finally you got it....



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