Verification check list for assistance of AOs for OCM cases and framing of assessment in demonetisation related cases

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....issued vide F.No. 225/100/2017/ITA-II. 2. Instruction No. 4/2017 dated 03.03.2017 issued vide F.No. 225/100/2017/ITA-II. 3. SOP dated 15.11.2018 issued vide F.No. 225/363/2017/ITA-II. 4. SOP dated 03.03.2019 issued vide F.No. 225/363/2017/ITA-II. 5. Internal Guidance Note dated 13.06.2019 issued vide F. No. 225/145/2019/ITA-II. Kindly refer to the above 2. In this regard, I am directed to state that the Board has earlier issued above referred SOPs/Instruction/Internal Guidance Note regarding handling of cases related to demonetisation. In continuation of the same, a Verification Checklist-cash deposits is enclosed herewith for providing assistance to AOs for verification of cash deposits and framing of assessment in demone....

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....ncome (including exempt income) of the taxpayer in FY 2016-17     2.4 % of Cash Deposit to Gross Total Income (including exempt income)   Value = (1.2/2.3) 2.5 Nature of Deposit         • Out of loan received       • Out of repayment of loan       • Gift       • Sale or advance for sale of land or any other ca capiital asset       • Cash received for services rendered       • Other exempt income       • Cash in....

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....le to back date transactions • It is not possible to back date transactions Select Response 3.6 Result of Evaluation of books of account and Internal Controls • Books of account are properly maintained • Books of account are being rejected Select Response 3.7 Quantum of Unaccounted Deposits as determined by the AO     4. Cash Deposits in Bank 4.1. (a) Total cash deposit in Bank in F.Y. 2015-16   (b) Total cash deposit in Bank from 01.04.2015 to 08.11.2015   (c) Total cash deposit in Bank from 09.11.2015 to 31.12.2015   4.2. (a) Total cash deposi....

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....p;     September, 2015           October, 2015           November till 08.11.2015           7. Analysis of month wise cash sales and cash deposits from 01.04.2016 to 08.11.2016 Month wise Op. cash in hand Cash sales Cash deposited in Bank Cash withdrawal from the bank Closing cash on hand April, 2016           May, 2016           June, 2016           July, 2016           Au....