how much penalty on addition..?

87 views 2 replies
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...?
Replies (2)
Your query is not cleared...

Where is the CASH transaction accounted?
Is through bank account or deposit?
cash deposited in Bank saving account


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