Poorna (software engineer) (44 Points)
31 August 2023In order to make one time payment in an apartment, I am getting several incoming transaction in range of 2.5L to 5L (NEFT /RTGS) into my savings account. Since I mentioned these are rtgs or neft transactions, these will not be qualified as cash deposits.
Might cumulatively get added to around 50L-60L.
After this I will be transferring to builders account.
Will I come under IT scruitiny ?
sabyasachi mukherjee
(27519 Points)
Replied 31 August 2023
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 August 2023
Poorna
(software engineer)
(44 Points)
Replied 31 August 2023
For these transaction, will I come under IT lens? I dont know what sort of notices will be shown up. So i am asking here.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 August 2023
| Originally posted by : Poorna | ||
 |
For these transaction, will I come under IT lens? I dont know what sort of notices will be shown up. So i am asking here. |  |
If it's not Your business or Business Income then No worries.
But, Keep supportive documents against the Payments and Receipts...
Poorna
(software engineer)
(44 Points)
Replied 03 September 2023
| Originally posted by : sabyasachi mukherjee | ||
|
Source of such funds. | |
I took them as loan from few people. Do I have to report in my returns?
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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