I have invested FDs ( 20 lacs ) in my spouse name and she got IT notice of non filling of IT returns ( probably got hit > 20 lacs check ). Now I have decided to mention the FDs investment had received as cash gift from her dad to avoid clubbing of income. I hope it suffice. Will IT ask for proof of this cash transaction. Do you ppl have any experience how ‘CPC – Insight’ works say after submit how the process will be?… say manual or automated etc ?…. Also, for the queries on MF investments, I will be mentioning my PAN number as source. P.S: I pay tax of 6 lacs p.a which I feel enough for this bad govt who never provides basic infra to this country and damn care about farmers etc. Plz excuse me.2 replies 2 helpful answers Last Updated: 2 months, 4 weeks ago
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