Cash deposit limit


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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2017 Hello sir,
I want to ask that my father sold some part of property and received cash as advance he has given me to deposit this cash in my saving account. i would like to ask that if
i deposit this amount in my bank account then will i get any income tax notice from IT Dept. to clarify the this amount.

Please reply ASAP

09 October 2017 As per rule you can not take Cash more than RS 10000/-


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