Saving a/c interest not shown in it return
Querist : Anonymous
In ITR-1 (AY-2011-12) of a salaried employee having Salaried Income more then 10 Lacs & in a tax bracket of 30% one SB a/c interest is shown & 2 other SB a/c interest is not shown. The other 2 a/c don't have any wrong or suspicious transactions.
The above case is selected for automatic computer selected scrutiny and now assessee is showing the bank a/c to A.O. & interest is around Rs. 5000 only.
My Question is :- What are the minimum & maximum Tax, Interest & penalty etc. will be levied by A.O. & any other action which may be taken by the A.O.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
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