Cash deposit to be reflected in bank accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2017
Sir
Assessee has three bank accounts. He has deposited 90000 in each account during the period under consideration.
Total cash deposit is above 2.50 L but account wise it is not above that limit as asked for.
What should be done while filing return
To keep the column blank of each bank account
As per PAN is concerned, the assessee has deposited above 2.50 L during that period.
Pls advise on matter
Thanks in advance
Assessee has three bank accounts. He has deposited 90000 in each account during the period under consideration.
Total cash deposit is above 2.50 L but account wise it is not above that limit as asked for.
What should be done while filing return
To keep the column blank of each bank account
As per PAN is concerned, the assessee has deposited above 2.50 L during that period.
Pls advise on matter
Thanks in advance
K Srinivas, CMA CS
(Expert)
29 July 2017
The threshold cash deposit is per PAN and not per bank account.
Obviously, one should mention details of all the cash transactions above threshold in all bank accounts
Obviously, one should mention details of all the cash transactions above threshold in all bank accounts
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