Tax appllicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2011
Can Person A deposit 1.80 lakh cash in Person B's SBI account; if person B has no Pan card. Since it is less than 1.80 lakh, is it taxable?
What if person A deposit 49K per day till 4 continuous day to become 1.80 lakh? Is tax applicable in this case? Should person B have to file IT return for that?
Note: Person B is an unemployed person having income through agriculture and other sources, but not valid income proof to show.
Seeking your response. Thanks in advance.
What if person A deposit 49K per day till 4 continuous day to become 1.80 lakh? Is tax applicable in this case? Should person B have to file IT return for that?
Note: Person B is an unemployed person having income through agriculture and other sources, but not valid income proof to show.
Seeking your response. Thanks in advance.
12 August 2011
any amount over 50000 would seek pan card,
if A is interested to make payment he can issue cheques or make cash drafts and deposit to B
if A is interested to make payment he can issue cheques or make cash drafts and deposit to B
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