Cash deposit & withdrawal
This query is : Resolved
17 February 2012
Dear Sir/Madam,
How much money can be deposited & withdrawal in day from saving account as per income tax point of view.
Thanks & Regards
Waquar Ahmad Afaque
How much money can be deposited & withdrawal in day from saving account as per income tax point of view.
Thanks & Regards
Waquar Ahmad Afaque
18 February 2012
Income tax does not stop us from deposit or withdrawal. It requires reporting in the Return of Income under the Schedule AIR towards Cash deposits aggregating to 10.00 lac or more in any saving account maintained with a bank.
18 February 2012
agreed with expert.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Computation of Dividend
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Mode of payment of Tax
- Query Regarding Refund Adjustment Against Outstanding Demand
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- ITR FILING ISSUE
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
