09 February 2017
My wife has ₹7lakh deposit in SB A/C.She is a housewife.I am a tax payer. what is the implications of it on my tax payment & IT return?
09 February 2017
No implications in ur books, since the amount had been deposited in ur wife's s/b account. If u had done that then U need to explain the source of that deposit.
CAclubindia
