Hello Expert,
I received one reminder cum non statutory letter from Income tax department for cash deposit in saving account of Rs 1600000, my question is that when i will submit the papers justifiying this cash along with my return of income , then whether i will receive order from the AO for settlement of case or the AO will simply give me the acknowledgment for the papers submitted.
Thanks
Inquiry on Income Tax Department's Response to Cash Deposit Justification and Potential Assessing Officer Action An individual received a reminder letter from the Income Tax Department regarding a cash deposit of Rs 1,600,000 in their savings account. They inquired whether submitting documents justifying the deposit along with their income return would result in an order from the Assessing Officer (AO) for case settlement or simply an acknowledgment of the submitted papers. The sole reply asked if the issue had been clarified, requesting further information if not. (AI Summary)