Unexplained money deposited in bank
nagaraj kadlaskar (79 Points)
13 November 2018
Whether all the cash deposits will be treated as income or only peak cash deposits?
3 Replies
Mit Thakkar
(46 Points)
Replied 13 November 2018
only peak deposit which are in substantial amount will br considered further .
nagaraj kadlaskar
(79 Points)
Replied 13 November 2018
May U please let me know how it is found in the bank account
rama krishnan
(12244 Points)
Replied 13 November 2018
peak credit is applicable if you able to correlate the previous withdrawals with the subsequent deposits or else the unexplained deposits will be charged to tax under section 68
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