500/1000 rs. deposit in current account more than 2 time
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 November 2016
Any problem if i deposited 500/1000 Rs. Deposit in current account more than 2 time.
because of we have cash in hand 13 Lakh but on 9th nov we deposited 2.5 lakh (500 &1000) only. now we want balance amount deposited in to the account but some experts guide its wrong.
so please guide us we maintained cash basis accounting in our 4 branches
because of we have cash in hand 13 Lakh but on 9th nov we deposited 2.5 lakh (500 &1000) only. now we want balance amount deposited in to the account but some experts guide its wrong.
so please guide us we maintained cash basis accounting in our 4 branches
Sandeep Dharar
(Expert)
21 November 2016
Whether u deposit the whole amount of 13L in one day or in 1 month, IT department can track that with help of the PAN which u had submitted to the bank as KYC. So I'll say to deposit the whole amount once without going by different days. Coz, u must have to change the old currency any how, by paying tax or by providing valid explanations for that sum.
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