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Cash deposit & withdrawal

This query is : Resolved 
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(Querist)
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
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
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.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
18 February 2012 agreed with expert.....
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