I run a small scale fabrication unit and always keep lakh cash so that I can pay my school girl pov 8 salaries, transporters, etc. After demonetisation will I be taxed on the cash if I deposit it entirely in my account?
Can I also deposit some money in my wife and mother's account? Since need don't have cash income, will they be cash on this?
In case the cash kept by you for routine expenses of the fabrication unit is duly accounted for in the books of accounts, there is no challenge and you may deposit the entire cash into your bank account. However, in case the source of such cash lying with you is not explained, the tax authorities may treat the same as undisclosed income and consequent implications would be applicable. As per the clarifications issued by the government, housewives, small artisans depositing cash up to a limit of Rsneed not worry since it would be below the taxable income threshold and hence, no questioning shall be done by the department housewives this respect.
The thought behind this is that it is well understood that in India housewives do save money which they get from their husbands for household expenses, gifts, etc. But where someone is trying to park their cash using such accounts, the tax authorities can question such deposits and ask for the source which would need to be explained.
If the source cannot be explained, the same may shemale confidential taxed in their housewives and by virtue of section BBE of the Income Tax Act,it would attract tax at the rate of 30 per cent.
I got some shares from my father as need gift six months back.
Let's discuss. Write to me in PM.Editorial Reviews I consider, that you are mistaken.
Together we can come to a right answer.Embed this Freaky Deaky Video in your Blog or Website: Just that is necessary, I will participate.
I suggest you to visit a site on which there are many articles on this question.
I am assured. Let's discuss. Write to me in PM, we will talk.Contribute to This Page In my opinion you are not right.
Write to me in PM, we will communicate.Pornstars featuring Housewives Need Cash 2: In my opinion you are not right.
I think, you will find the correct decision.Product details Unfortunately, I can help nothing.
I will be released - I will necessarily express the opinion on this question. I can not participate now in discussion - there is no free time.
I congratulate, it is simply magnificent idea
© 2018 All rights reserved