Cash deposit exceed 50000
This query is : Resolved
Charanjeet Singh
(Querist)
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 .
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
(Expert)
23 November 2016
Yes you can do it no problem.
Amol S Joglekar
(Expert)
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
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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