Anupama 23 November 2018

Showing cash in ITR

iam receiving rental income partly in cash and partly by cheque against lease agreement..
Can I show cash received in itr?
or should I only show amount received by cheque in itr?

I want to safeguard myself in every way..what should I do?
Tenant not able to give whole amount by cheque as they showing less income in their itr..

Any other alternative available to me to safeguard myself against any of possible future problem..pls guide..thanks in advance.

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4 Replies

Suri.Sravan Kumar (senior) 23 November 2018

To avoid future problems its better to show the whole rental income in your returns.

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Anupama 23 November 2018

Can I show the cash received in itr sir?

Kumar Doab (FIN) 23 November 2018

By your free will you can issue reciept for cash.

Rest discuss with your own CA also, before you proceed.

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Sundararajan Srinivasan 27 November 2018

If you don't have any business income, there's no requirement to show any cash held by you in ITR. You can show the cash+cheque component as rental income. That's it.

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