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AMOUNT EXCEEDING 20000

This query is : Resolved 
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(Querist)
07 March 2009 DEAR SIR,
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?

SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????

PLEASE CLARIFY..................

THANKS IN ADVANCE.......
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Santhosh Poojary

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Santhosh Poojary (Querist)
07 March 2009 PLS REPLY QUICK AS POSSIBLE
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Jitender

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Jitender (Expert)
07 March 2009 if u are depositing on the same day for expenses, then still exp is disallowable as per amendment by F.A 2008.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 March 2009 What is the purpose of the deposit?
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Santhosh Poojary

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Santhosh Poojary (Querist)
08 March 2009 FOR REPAYMENT OF PERSONAL LOAN OF ONE MY RELATIVES.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 March 2009 Don't Worry.
Since it is a personal expenditure, it will not be disallowed.
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Santhosh Poojary

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Santhosh Poojary (Querist)
10 March 2009 THANKS SIR..............
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