srinivas (manager) (21 Points)
14 July 2023Dear sir
I have received Rs.60 lakhs from my wife through rtgs and deposited as TIME DEPOSITED IN 2022-23 in my saving bank account.. Now Total income earned of Rs.233000/- for 2022-23 FY. I have been filed ITR-1. But in my AIS SHOWS deposits also . CAN I PAY TAX FOR DEPOSITS ALSO...What Can I do sir? Please give me reply sir....
Manish
(CA)
(1158 Points)
Replied 14 July 2023
This interest income will be clubbed in the income of your spouse. You don't need to pay tax on this.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
