Cash deposit in Saving account/salary account.
This query is : Resolved
17 December 2022
Dear Expert,
Can anyone confirm that how much cash deposit savings account and salary account in a financial year? As per income tax point of view.
Can anyone confirm that how much cash deposit savings account and salary account in a financial year? As per income tax point of view.
Dhirajlal Rambhia
(Expert)
17 December 2022
Depends upon cash receipts, which you can authentically declare under ITR.
Generally, cash deposited Rs. 50K or more per day & Rs. 10 Lakhs or more per annum is reported by Bank to ITD.
Generally, cash deposited Rs. 50K or more per day & Rs. 10 Lakhs or more per annum is reported by Bank to ITD.
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