No income tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post demonetisation: ITAT

The appellant, a housewife Uma Agrawal of Gwalior, had declared total income of Rs 1,30,810 in her income tax return filed for fiscal 2016-17. However, post demonetisation, the assessee deposited the Rs 2,11,500 cash in her bank account.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3gPl4YB