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Deposited money in two banks and got notice from Income tax department


11-Feb-2023 (In Tax Law)
dear in demonitization time i depoisted 711000rs in two bank accounts i got notice from income tax department for source, some amount given by relative as a gift , some amount i worked as a freelancer i got some money , some amount we saved in hundi , so kindly help is there any way to without getting any problem or not paying tax
Answers (1)

Answer #1
774 votes
I have read your concern. As per you you received an amount of 7,11,000 by way of Gift, work and from savings. But you failed to mentioned what amount you received by way of gift and earned by work. Please provide those details then i can provide you the clear legal opinion

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