Cash deposit in to bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2015
sir / madam
i want to know how maximum rupees i can deposit in to bank in one financial year,
if i don't want to pay income tax for particulate year
please suggest me
i want to know how maximum rupees i can deposit in to bank in one financial year,
if i don't want to pay income tax for particulate year
please suggest me
CA R SEETHARAMAN
(Expert)
24 January 2015
Basic exemption limit 2.50lakhs minus your personal expenses, balance amount you can deposit in cash to your bank ac for which no income tax payable.
Rupesh Jain
(Expert)
24 January 2015
you can deposit rs.10 lacs .if you deposit the cash exceeds then income tax deptt. send you the letter for sources of fund.
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