Cash transaction after 1 april 2017

06 April 2017

Sir,

Is there penalty for depositing 200000/- or more in current account.

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6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 06 April 2017

No, but query about the cash amount if received from single person may arise!

(Guest)

but explain the source of it

and if possible reaise invioce against this cash deposit

rahul bansal (3 Points)
Replied 06 April 2017

Source of the cash is the cash invoice and payment received in cash of credit invoice

(Guest)

then y to worry

Anil Jaiswal (Lecturer) (24 Points)
Replied 06 April 2017

no transaction above 200,000 in cash is possible even bill is raised

CBS India (CEO) (22 Points)
Replied 21 October 2017

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