Regarding Suggested Reply of Cash Deposit

[PARVEEN ARORA]

Dear Sir,

Pls Suggest us that what king of response to be submit against the cash deposit between 09.11.2016 to 30.12.2016

[YAGAY andSUN]

You can disclose the material facts and circumstances which lead you to deposit cash between above mentioned two dates.

You may say that you were just waiting for reduction of crowd in the Banks or you had a wait and watch policy on the Governmental policies.

Further you may also disclose the source of income and also ask them that you had declared this amount to the IT Department while filing of your income returns.

[DR.MARIAPPAN GOVINDARAJAN]

The department now displays the list of deposit by individual. If you log on in the cite incometaxefilingindia.gov.in. Confirm the deposit made by you in the entry. There will be some questions asked. You have to give reply to the said questions.

AI Summary

Cash deposit disclosure: explain circumstances, state source of income, and confirm declarations on the tax portal. Taxpayers should disclose factual circumstances leading to the cash deposits, expressly state the source of income for the deposits and whether those amounts were declared in income tax returns, and verify and respond to portal displayed deposit entries and questions with consistent supporting documents.