Sb deposits exceeding 10 lakhs
MOHIT (Student) (9 Points)
28 June 2016MOHIT (Student) (9 Points)
28 June 2016
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 28 June 2016
Hi Mohit,
There is a provision in Income tax in which it can ask you details of specified transtions which is reportred to them via AIR.
So this is just an explanation that the TAX department is asking if you provide the proof and complete explanation, I am sure the tax authoriites would close up the matter
anonymous
(student)
(750 Points)
Replied 28 June 2016
not an issue at all.. draft a letter and also reply to AIR at the earliest...
Dwiref
(MBA PGDIBO CS Final LLB )
(31 Points)
Replied 30 June 2016
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