A Doctor professional income cash received from patients Rs:20 lacs in f.y.21-22
cash deposit in bank savings account Rs:12 lacs
cash deposit transaction in another savings bank account rs:10 lacs
question:
assessess professional income show in it returns (rs:20 lacs or rs:22 lacs)
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Receipts show in it returns
Replies (2)
For Safe side 22 lakh
Not all deposits in bank account are considered as income.. Maintain income related workings for ITR purposes..
You may show only 20lacs and balance you may show as deposit out of past savings
You may show only 20lacs and balance you may show as deposit out of past savings
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