Cash deposit exceed 50000

This query is : Resolved

Charanjeet Singh (Querist)
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23 November 2016 Dear sir/madam,

please tell me whether we can deposit above 50000 in cash with pan in one day in bank a/c during the period of 9 nov 2016 to 31 dec 2016 when the total deposited amt is not exceeded 250000 .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 November 2016 Yes you can do it no problem.

Amol S Joglekar

Amol S Joglekar (Expert)
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23 November 2016 Why not? You can do that.
The circular says.......50000 or more in single deposit or aggregating 250000.....between the period of 09/11/2016 to 30/12/2016

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