Cash deposit limit in sb and current bank account
This query is : Resolved
23 January 2021
Sir,
1.Any gst registration and I.t. return not filed business person cash amount deposits limit in sb and current bank account one finicial year under gst and I.t. act.
2.if a person gst registration and I.t. return filed assess cash deposit limit in bank sb and current account one finicial year under gst and I.t. act.
1.Any gst registration and I.t. return not filed business person cash amount deposits limit in sb and current bank account one finicial year under gst and I.t. act.
2.if a person gst registration and I.t. return filed assess cash deposit limit in bank sb and current account one finicial year under gst and I.t. act.
23 January 2021
1. 1000000 in saving and 4000000 in current
2. No limit
24 January 2021
Cash deposits in excess of 10 lacs reported in 26AS. Such deposits should be commensurate with the turnover reported in IT and GST returns.
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