cash_transactions_2016
Nature of Transaction
Cash Sales
Loan received in Cash
Loan repayment in Cash
Gift Received in Cash
Donation Received in Cash
Other Receipt in Cash
Notes :
If the cash deposit amount displayed under A.4 is not correct, please mention the correct amount under A.5. ITD intends to refer such cases to the information source for confirmation.
If cash is from more than one category (or out of cash in hand), the source of cash may be assigned under various categories in the following sequence
a) Cash withdrawn out of bank account (Refer B.3)
b) Cash received from identifiable persons (with PAN) (Refer B.4)
c) Cash received from identifiable persons (without PAN) (Refer B.5)
d) Cash received from un-identifiable persons (Refer B.6)
e) Cash out of receipts exempt from tax (Refer B.2)
f) Cash out of earlier income or savings (Refer B.1)
g) Cash Disclosed/To be disclosed under PMGKY (Refer B.7)
If cash is claimed to be out of earlier income or savings, further details can be provided under remarks.
If cash is claimed to be out of receipts exempt from tax (agricultural income etc.), further details can be provided under remarks. In case the amount is received as donation, gift, loan, the details may be provided under B.4, B.5 or B.6 as the case may be.
In case cash is received from other persons, nature of cash transaction (e.g. Cash sales, gift etc.) can be mentioned while providing the details under B.4, B.5 or B.6.
The sum of all sources of cash deposits (B.1 to B.7) should match with the cash deposit amount (A.4) such that balance (refer B.8) is computed as 0.
cash_transactions_2016.txt · Last modified: 04-Oct-2017 3:00 pm (external edit)