Cash deposits column in itr form ay(17-18)

Respected Sir,

 

I have on query about this column in Taxes paid and Verification sheet of ITR1.AY(17-18)

 

The heading of the column is Cash deposited during 09/11/2016 to 30/12/2016 and in bracket it is mentioned as 

 

(if aggregate cash deposits during period is equal to or more than 2 lakh)

 

that mean if any person has deposited equal to or more than 2 lakh cash, only has to fill up this column. Otherwise person deposited less than 2 lakh need not to fill this column. I am confused.I have deposited 23000 rupees.The column can not be left blank. Now if I have not deposited any cash and write zero then it is ok. but if I write 23000, then it will be wrong because of what is written in bracket.

 

      Sir, I will be grateful to you if you give me advice on this.

 

Thank you

Replies (6)

It should be left blank, if aggregate amount deposited does not exceed 2 lakhs.

Sir, if you keep it blank pop up appears saying column cannot kept blank

 

Yes Sir, you are correct. But it accepts 0, so go with 0 or 23000, if you wish.

Sir,

my client asking to me if i am deposited and not shown in itr so what ?

as early as give me  reply, 

@ ashish: please refer: https://www.itatonline.org/articles_new/s-270a-the-entire-law-on-penalty-for-under-reporting-and-misreporting-of-income-explained/

What is meant by aggregate deposits?

If I deposit Rs 125,000 in current account (for a proprietor-ship) and another Rs 110,000 in personal savings account, aggregate of both accounts is more than Rs 2 lakhs. But, since the 2 accounts represent different things - that is, one account was deposited with cash from doing business and the other account was deposited with personal cash, then will aggregate be considered as more than 2 lakhs? Do I need to specify deposits in such a case?

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