CA. PRAMOD JAIN FCA, FCS, FCMA, LL.B, MIMA, DISA CA. PRAMOD JAIN FCA, FCS, FCMA, LL.B, MIMA, DISA LUNAWAT & CO. Chartered Accountants LUNAWAT & CO. Chartered Accountants RESPONDING TO RESPONDING TO RESPONDING TO RESPONDING TO CASH DEPOSITS DURING CASH DEPOSITS DURING CASH DEPOSITS DURING CASH DEPOSITS DURING DEMONETIZATION DEMONETIZATION DEMONETIZATION DEMONETIZATION RESPONDING TO RESPONDING TO RESPONDING TO RESPONDING TO CASH DEPOSITS DURING CASH DEPOSITS DURING CASH DEPOSITS DURING CASH DEPOSITS DURING DEMONETIZATION DEMONETIZATION DEMONETIZATION DEMONETIZATION
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CA. PRAMOD JAINFCA, FCS, FCMA, LL.B, MIMA, DISA
CA. PRAMOD JAINFCA, FCS, FCMA, LL.B, MIMA, DISA
LUNAWAT & CO.Chartered Accountants
LUNAWAT & CO.Chartered Accountants
RESPONDING TO RESPONDING TO RESPONDING TO RESPONDING TO
CASH DEPOSITS DURINGCASH DEPOSITS DURINGCASH DEPOSITS DURINGCASH DEPOSITS DURING
ONLINE RESPONSE SHEETONLINE RESPONSE SHEETONLINE RESPONSE SHEETONLINE RESPONSE SHEET�Information from Bank / Information from Bank / Information from Bank / Information from Bank /
Institution Institution Institution Institution
�5 points 5 points 5 points 5 points
�If related to PAN If related to PAN If related to PAN If related to PAN –––– go furthergo furthergo furthergo further
�If not related If not related If not related If not related –––– click not related to this click not related to this click not related to this click not related to this
PANPANPANPAN
�Explanation of Cash DepositExplanation of Cash DepositExplanation of Cash DepositExplanation of Cash Deposit
�Divided in Part A & Part BDivided in Part A & Part BDivided in Part A & Part BDivided in Part A & Part B
Lunawat & Co.
PART APART APART APART A
�5 points5 points5 points5 points
�4. 4. 4. 4. ---- Cash Deposited in a/c between 9th Nov Cash Deposited in a/c between 9th Nov Cash Deposited in a/c between 9th Nov Cash Deposited in a/c between 9th Nov
2016 & 30th Dec 2016 (as reported)2016 & 30th Dec 2016 (as reported)2016 & 30th Dec 2016 (as reported)2016 & 30th Dec 2016 (as reported)
�5. 5. 5. 5. –––– Cash Deposited in a/c Cash Deposited in a/c Cash Deposited in a/c Cash Deposited in a/c between 9between 9between 9between 9thththth Nov Nov Nov Nov
2016 & 302016 & 302016 & 302016 & 30thththth DDDDec 2016 (as confirmed by ec 2016 (as confirmed by ec 2016 (as confirmed by ec 2016 (as confirmed by
depositor)depositor)depositor)depositor)
�Fill Fill Fill Fill the 5the 5the 5the 5thththth point with remarks where point with remarks where point with remarks where point with remarks where
required. required. required. required.
�Cash deposited on 8Cash deposited on 8Cash deposited on 8Cash deposited on 8thththth November 2016November 2016November 2016November 2016
�Cash deposited in new currencyCash deposited in new currencyCash deposited in new currencyCash deposited in new currency
Lunawat & Co.
PART BPART BPART BPART B
1.1.1.1. Cash out of earlier income or Cash out of earlier income or Cash out of earlier income or Cash out of earlier income or
savingssavingssavingssavings
� Earlier year or Current year?Earlier year or Current year?Earlier year or Current year?Earlier year or Current year?
� RsRsRsRs. 2.50 / . 2.50 / . 2.50 / . 2.50 / RsRsRsRs. 5 Lakhs . 5 Lakhs . 5 Lakhs . 5 Lakhs –––– not for shell a/not for shell a/not for shell a/not for shell a/cscscscs
� For excess AO to compare past ITRs if anyFor excess AO to compare past ITRs if anyFor excess AO to compare past ITRs if anyFor excess AO to compare past ITRs if any
� If business and books maintained If business and books maintained If business and books maintained If business and books maintained –––– balbalbalbal
as on 31.3.2016. Increase in revised as on 31.3.2016. Increase in revised as on 31.3.2016. Increase in revised as on 31.3.2016. Increase in revised
return to be verifiedreturn to be verifiedreturn to be verifiedreturn to be verified
� Amount declared under IDS 2016Amount declared under IDS 2016Amount declared under IDS 2016Amount declared under IDS 2016
Lunawat & Co.
PART BPART BPART BPART B2.2.2.2. Cash Cash Cash Cash out of receipts exempt from out of receipts exempt from out of receipts exempt from out of receipts exempt from taxtaxtaxtax
1.1.1.1. Agriculture / Sale of personal assetsAgriculture / Sale of personal assetsAgriculture / Sale of personal assetsAgriculture / Sale of personal assets
2.2.2.2. Evidence could be requiredEvidence could be requiredEvidence could be requiredEvidence could be required
3.3.3.3. Cash withdrawn from Bank Cash withdrawn from Bank Cash withdrawn from Bank Cash withdrawn from Bank AccountAccountAccountAccount
� Earlier year or current yearEarlier year or current yearEarlier year or current yearEarlier year or current year
� Time gap Time gap Time gap Time gap –––– normal human behaviour & specific normal human behaviour & specific normal human behaviour & specific normal human behaviour & specific
4.4.4.4. Cash received from identifiable persons Cash received from identifiable persons Cash received from identifiable persons Cash received from identifiable persons
(with PAN(with PAN(with PAN(with PAN))))
� Gift Gift Gift Gift –––– S. 56 (2)S. 56 (2)S. 56 (2)S. 56 (2)
Lunawat & Co.
PART BPART BPART BPART B5.5.5.5. Cash received from identifiable persons Cash received from identifiable persons Cash received from identifiable persons Cash received from identifiable persons
�Stock register Stock register Stock register Stock register –––– no stocks, fictitious no stocks, fictitious no stocks, fictitious no stocks, fictitious
purchases?purchases?purchases?purchases?
�Abnormal jump in salesAbnormal jump in salesAbnormal jump in salesAbnormal jump in sales
�More than 1 deposit ???More than 1 deposit ???More than 1 deposit ???More than 1 deposit ???
�Transfer of cash to other account not in line Transfer of cash to other account not in line Transfer of cash to other account not in line Transfer of cash to other account not in line
with past history??with past history??with past history??with past history??
Lunawat & Co.
FILINGFILINGFILINGFILING�Amount can be from more than one Amount can be from more than one Amount can be from more than one Amount can be from more than one
sourcessourcessourcessources
�Verify the transactions and documents Verify the transactions and documents Verify the transactions and documents Verify the transactions and documents
before replyingbefore replyingbefore replyingbefore replying
�Avoid retraction Avoid retraction Avoid retraction Avoid retraction or change after or change after or change after or change after
submission submission submission submission
�Get the home work done well in Get the home work done well in Get the home work done well in Get the home work done well in
FURTHER ACTIONFURTHER ACTIONFURTHER ACTIONFURTHER ACTION�Additional Information may be asked Additional Information may be asked Additional Information may be asked Additional Information may be asked