That is a smaller sum as far as Tax department is concerned. They are busy catching big fish who are hording big cash say 20-30 lacs and above.
Practically speaking its literally impossible to track down a source of 2-3 lacs and ask questions about it. My friend does the same, he keeps it under 2-3 lacs(of course borrowed) trades on it, and dont file ITR at all, reason being it doesnt comes under IT as sum is very low.
Practically speaking its literally impossible to track down a source of 2-3 lacs and ask questions about it. My friend does the same, he keeps it under 2-3 lacs(of course borrowed) trades on it, and dont file ITR at all, reason being it doesnt comes under IT as sum is very low.