Cash deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2018
sir
I am a private medical professional .My all income is in white .i show everything in my balance sheet. my query-
How much money I can deposit in different bank savings accounts without gaining income tax attention? somebody told me if cash deposit exceed 10lacs ,the tax authorities can ask u .for this.
I am a private medical professional .My all income is in white .i show everything in my balance sheet. my query-
How much money I can deposit in different bank savings accounts without gaining income tax attention? somebody told me if cash deposit exceed 10lacs ,the tax authorities can ask u .for this.
Nikhil Kaushik
(Expert)
22 April 2018
given that you are a professional, you should have a current account to start with and deposit all your professional receipts in this account only.
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