Cash deposite 2.50 lakh

This query is : Resolved

monika (Querist)
Follow

12 November 2016 I HAVE ONE LAKH ALREDY IN MY BANK ACOUNT BEFORE 8/11/2016

NOW I WANT TO CASH DEPOSIT RS. 2.45 LAKH IN MY BANK ACOUNT , CAN I DO IT ?

I HAVE NEVER FILE INCOME TAX RETURN

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 November 2016 You can do it no problem..........

Message likes : 1 times

monika

monika (Querist)
Follow

12 November 2016 SIR ACTUALLY PEOPLE ARE CONFUSED ABOUT 2.50 LAKH LIMIT IN BANK ACOUNT

SOME BODY WHO HAVE ALREDY BALENCE 3-4 LAKH BEFORE 8-11-2016 IN HIS BANK ACOUNT , WHO ARE ALSO AFRAID TO DEPOSITE ANOTHER 2.50 LAKH

PLEASE SIR TELL ME THAT
HOW CAN I GET OFFICIAL GUIDE LINE , CIRCULAR, OR NOTIFICATON IN DETAIL WITH ALL PROVISION ONLINE
PLEASE SUDGEST ME SOURCE WEBSITE

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 November 2016 Income tax dept is requesting all the banks to inform cash deposits exceeding 2.50 lacs made after demonitisation. i.e from 10th November. No need to worry of earlier deposits.
Read econ.omic times news

Message likes : 1 times

monika

monika (Querist)
Follow

12 November 2016 THANK SIR FOR YOUR REPLY
SIR ONE MORE QUETION PLEASE

CAN WE DEPOSIE 2.50 LAKH IN THREE TO FOUR INSTALLMENT
OR IT SHOULD BE DEPOSITE IN ONCE TIME WHOLE AMOUNT 2.50LAKH

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 November 2016 If can be deposited in installments up to 2.5 lacs.

Message likes : 3 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now