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.....
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