Idea to convert black into white

Check ITR filed for assessment year 2016-17, what was cash balance declared there? 

Jewellary of your bhabhi must be explainable, means the capacity of donor with verification of his/her ITR.

Unless it has already been deposited or credited any other mode during the period.

As per Accounting treatment balance as on 8th Nov. states its actual position.

But for above case when no accounts maintained, no cash credited to bank during this period, then he has better justification for depositing it now.

i didnt file itr for march 31-2016..it is still pending and now i m thinking to file belated itr....and want to show the cash and jewellary in belated return...can i do so?  

DEAR IF YOU HAVE NOT DISCLOSE THE INCOME THERE ARE SO MANY OTHER LEGAL WAYS BUT EVERY THING CAN BE DECIDED ONLY AFTER SEEING YOUR INCOME SOURCE ETC. WHITEMONEYADVISOR @ GMAIL.COM

Section - 276C, Income-tax Act, 1961-2014

Wilful attempt to evade tax, etc.

276C. (1) If a person wilfully attempts in any manner whatsoever to evade any tax, penalty or interest chargeable or imposable under this Act, he shall, without prejudice to any penalty that may be imposable on him under any other provision of this Act, be punishable,—

(i) in a case where the amount sought to be evaded exceeds 75[twenty-five] hundred thousand rupees, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine;

(ii) in any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to 76[two] years and with fine.

(2) If a person wilfully attempts in any manner whatsoever to evade the payment of any tax, penalty or interest under this Act, he shall, without prejudice to any penalty that may be imposable on him under any other provision of this Act, be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to 76[two] years and shall, in the discretion of the court, also be liable to fine.

Explanation.—For the purposes of this section, a wilful attempt to evade any tax, penalty or interest chargeable or imposable under this Act or the payment thereof shall include a case where any person—

(i) has in his possession or control any books of account or other documents (being books of account or other documents relevant to any proceeding under this Act) containing a false entry or statement; or

(ii) makes or causes to be made any false entry or statement in such books of account or other documents; or

(iii) wilfully omits or causes to be omitted any relevant entry or statement in such books of account or other documents; or

(iv) causes any other circumstance to exist which will have the effect of enabling such person to evade any tax, penalty or interest chargeable or imposable under this Act or the payment thereof.]

Justification can be demonitizatuon of the currency

@ Darshil

here we are discussing about the legal means for depositing, right??

so how talk about patriotism came into picture?