Cash Deposit
This query is : Resolved
sankar ponnan
(Querist)
06 March 2021
I am a trader.My customer has deposited Rs.170000/- directly to my Bank account without any intimation. The bill value for him is Rs.223456/-.
1. Any penalty can be levied ?
2. What is the limit of cash deposit in my Bank account by the debtors?
Plz guide me sir
thanks in adv
1. Any penalty can be levied ?
2. What is the limit of cash deposit in my Bank account by the debtors?
Plz guide me sir
thanks in adv
CA R SEETHARAMAN
(Expert)
06 March 2021
1 No penalty as cash deposited less than 2 lacs.
2 The limit is less than 2 lacs.
2 The limit is less than 2 lacs.
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