Dear sir mere F-Y 2019-2020 mein Form 26 as mein SFT me 65 lakh cash withdrawal show ho raha hai aur 15000 cash deposite aise circumstances me mujhe kaise apni income tax return file karni hogi please help me
If there is a cash withdrawal of more than 50 lakhs in a FY bank has to report the same to govt by filing a specified form on behalf of you. There is no need to worry about this u can file the ITR as you used to file in earlier years. Recently i have filed the ITR for one of my client who has the same issue. If u want more details please contact me.
Dear, Just file your return in usual manner, however you should possess the supporting evidence for the nature of transaction which have been mentioned in SFT column of Form 26AS.
Sometimes, Income tax department issues notice on the basis of SFT information.