Dear Sir/Madam,
In ITR-1 form for FY 2016-2017, on page PART B-TTI, there is a space for mentioning tax deposits done between 9th Nov,2016 to 30th Dec,2016.
My query is that if a person has deposited Rs. 220000 cash in his bank account during the above mentioned period, the whole Rs. 2.2 lakhs is treated as income and is taxable OR from that amount of Rs. 2.2 lakhs only the amount of Rs. 20000 is taxable ?
Awaiting your reply.
Thank you.
CAclubindia
