No harassment by Income Tax Department for such small deposits made.

[Music Fan]

For what reason bro I no need pay anything just only 2 hours of my time will be taken from the dept, I have a saving of my income bro last five years I have closed the returns every year 22 lakhs transitions return has been filed and paid the tax properly I have deposited and cash balance and bank balance 22*3.5 Years=77 lakhs ITR has been done paid the tax accounts I need to show them which was already enclosed in tax dept so noting need to pay don worry ones I closed with this details I will make a soft copy in Entertainment Forum.

SR Accountant Bro

Ok
Good then
But still I am thinking why such a huge tax is being charged?
I know its for development of country but still looks very high

 

[SRIRAM]

Ok
Good then
But still I am thinking why such a huge tax is being charged?
I know its for development of country but still looks very high

Its to much high but all the way we have lot of wholes in accounting which can reduse the tax

 

[Teufel]

Bro they wont charge you, You need to pay while paying incomtax for example my earning was 3.5 lakhs per annual so in this 2.5 lakhs was exemption remaning 1 lakh in this we have a medical exemption & insurance exemption 20d&80c so from this it will be reduse for medical clam is 4500rs and insurance is 6000rs so total 10500rs for 1 lakhs you need to pay 10% 10,000 rs tax so your are SB & others including will be around 11200rs in this 10500 will be reduse so you need to pay remaning 700rs by online in your bank account you can save yearly 3.5 lakhs transtions there will be no issues if you are paying the tax correctly ITR copy must be carried for any tax verification this for your clarification.

My point is that above 2 lakhs they can moniter but I am also holding 12 lakhs inmy home what hells just now deposited I have an account for it and it was a white money no there will be no issue I will differently receive a system generated notice for the details I will provide so nothing to worry for white money only balckmoney peoples need to fear on this.

Thanks for your detailed information, bro.

 

[Teufel]

Your undisclosed income if any

Yeah, I don't earn so I have undisclosed smuggling money.

Undisclosed

Posted using Entertainment Forum app

Posted using Entertainment Forum app

 

[Music Fan]

Its to much high but all the way we have lot of wholes in accounting which can reduse the tax

Which wholes?

 

[SRIRAM]

Which wholes?

Than Can tell you when your going make your returns ones I check your income details I will make sure that you save your tax.

 

[Music Fan]

Than Can tell you when your going make your returns ones I check your income details I will make sure that you save your tax.

I am still taking education
Not started job yet

 

[SRIRAM]

I am still taking education
Not started job yet

No Problem when you earned above 2.5 Lakhs than just drop me a message I will be there for you dont worry which class 5th or 6th

 

[Music Fan]

No Problem when you earned above 2.5 Lakhs than just drop me a message I will be there for you dont worry which class 5th or 6th

Ok
I am engineering student

 

[SRIRAM]

Ok
I am engineering student

Very Nice