ITR as follows for A.Y. 2016/17...
( FY 3015/16)
Gross income - 300000/-
less VIA. - 35000/-
Net income. -. 265000/-
In this year other than above income... additional transaction of cash is of 800000/-
what happened if IT Department raise any notice...
is there any penalty ...?
How much ...?
what is calculation method...?