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Deposit of cash due to demonitization

Income Tax - Started By: - CA AJAY KUMAR AGRAWAL - Dated:- 21-11-2016 Last Replied Date:- 22-11-2016 - Dear friends, The hot topic these days is Tax & Penalty on Cash deposited into Banks due to Demonitization . I have gone through several articl .....

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's (AY 2017-18) & pays applicable tax thereon, will not face much problem. There are other reports that Income Tax Department has already started sending notices to such persons who have deposited cash in excess of the prescribed limits i.e. .....

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