Cash deposit 2 lakh and above
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2018
when a customer directly remitted cash in the bank account without asking the account holder then how the receiving bank account holder will be held for 100 penalties Is there any solution available for this problem?
can we give standing instructions at the bank for restricting cash remittance in our bank account
can we give standing instructions at the bank for restricting cash remittance in our bank account
CA R SEETHARAMAN
(Expert)
22 November 2018
1 Yes he is liable for 100% penalty no solutions available.
2 Yes standing instruction may be given to bank.
2 Yes standing instruction may be given to bank.
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