Dear Friends,
The cash deposition of old currency during demonetization has been collated by revenue department and issued notice through E-mail/SMS.
They will pursue the same through physical media also.
The purpose of government is to pursue PMGKY and pay the tax and put the money fixed deposit for four years by tax evaders.
The genuine depositor need not worry. This will eliminate direct contact between assessee and tax officials.
As per circular no. 2/2017 49.9% of the cash deposition(which one can not substantiate or pursue as there valid money ) will pay tax by Challan NO. 283 before 31/03/2017 and not less than 25% of money deposited in PMGKY(Pradhan Mantri Garib Kalayan Deposi Scheme) in BLA(Bond Ledger Account ) for a period of 4 years with non interest bearing and non transferable.
Form-V for reporting needs to be E-filled.
This is an amnesty scheme for cash deposition only.
This does not apply to BENAMI Property or any other assets/income
The answer to the cash deposition question needs to be filled online.
There are many duplicate entries or entries of other wrongly punched.
The information provided at website
www. incometaxindiaefiling.gov.in.
The answer is in following format .The B.8 needs to be 0.Otherwise answer
is incomplete. The total is done automatically.
The
detail explanation for Colum-wise is
attached.
Note:1 A4- Cash deposited as per information including
bank account no is true needs to be confirmed from your bank account details as mentioned in
the site.
Note:2 If the information is incorrect, mention the
amount as per assessee. In remark colum you can write that
figure mention in the site is excess/duplicate/triplicate/less.
Note:3 They want
figures as per following Table:
Comprehensive budget is
under preparation and put on the blog: canitinmpathak.blogspot.in
For further details Whatsapp/SMS/E-mail +91
9825804094, nitinmpathak@gmail.com
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