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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Cash directly deposited into bank account by debtors-40A(3) applicable or not

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....ash directly deposited into bank account by debtors-40A(3) applicable or not<br> Query (Issue) Started By: - Amit Kumar Dated:- 16-7-2021 Last Reply Date:- 18-7-2021 Income Tax<br>Got 2 Replies<br>Inc....

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....ome Tax<br>Sir, various debtors have directly deposited cash in my current account from different location. what is the impact on me as a creditors and impact and violation on debtors. Reply By DR.MA....

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....RIAPPAN GOVINDARAJAN: The Reply: In my opinion there will be no impact on you. However the debtors will be considered violation of Section 40A(3) of the Income Tax Act, if the cash deposits exceeds ....

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....&#8377; 10,000/- in a day. Reply By ARVIND JAIN: The Reply: Agree with the view of DR.MARIAPPAN GOVINDARAJAN Sir, hope the deposit amount is not more than 2 lakh in one instance against one bill go ....

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....through section 269SS and u may have to file Form No. 61A - Annual Information Return or Statement of Financial Transactions] under section 285BA of the Income Tax Act, 1961<br> Discussion Forum - Kno....

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....wledge Sharing ....

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