07 February 2022
Dear Experts Kindly advise suppose Mr.x not filed his ITR because his annual income is less then basic limit but he is saving Rs.eighty to ninety thousand from his salary since 2006 salary deposit by his employer. And he was deposit some cash in his saving account. He converted saving amount value to fixed deposit Rs.7 Lac in 2014.in 2017 he resigned his job.he got gratuity and PF withdrawal Approximately Rs.3 Lacs he.in 2019 he made one fd Rs.8 Lacs now he is working in private shop he got the salary in cash mode. He deposit saving from sb account in via cash so please suggest can he face any problem or any notice from IT department or bank
Cash deposit in sb account. 2006 - 11000 2007- 9000 2008- 24200 2009 3400 2010 to 2017 2 Lacs 85 thousand 2019 to March 2021 1 Lacs 10 thousand
CAclubindia
