watch_later 09/03/20


One I.t. assess source of income below taxable limit in f.y. 2018-2019. A person previous savings amount cash Rs.10,50,000/- different dates deposits  in  bank sb account in f.y. 2018-2019.

My question:

A person I.t. return f.y.2018-2019 before March,2020  filed compulsory or no.

1 Response | Latest response: 02/04/20 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 02/04/20

Your question is not clear, however what I can reply to you is if you make cash deposit above Rs.2,50,000/- in a year in savings account then information goes to Income tax dept through AIR U/s 285BA & department can send a notice. Better to file the ITR considering the full cash receipts. Now due date for filing of ITR is extended till 30/6/2020 due to covid.



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