watch_later 13/01/24

Sir,

A person itr filed previous 5 years income and expenses show in it returns details mentioned below

Income :

1st year:5 lacs 

2nd year rs:6 lacs

3rd year rs:7 lacs

4th year rs:8 lacs

5th year rs:9 lacs

Expenses:

1st year rs:1,50,000/-

2nd year rs:2 lacs

3rd year rs:2,50,000/-

4th year rs:3 lacs

5th year rs:3,50,000/-

Income rs:35,00,000 minus  expenses rs:12,50,000/- net balance rs:22,50,000/-

Question:

Assessess rs:22,50,000/- amount investment in bank fd correct .

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