Received cash from customers and deposited it in your bank account? When can income tax authorities tax it
Summary
An insurance agent's ₹35.09 lakh cash deposits during demonetisation were treated as unexplained income. ITAT Jaipur deleted the addition after accepting records showing the money came from policyholder premiums.
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Received cash from customers and deposited it in your bank account? When can income tax authorities tax it
An insurance agent's ₹35.09 lakh cash deposits during demonetisation were treated as unexplained income. ITAT Jaipur deleted the addition after accepting records showing the money came from policyholder premiums.
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