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Cash deposite in bank

This query is : Resolved 
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(Querist)
22 January 2015 hi.....i want to deposite 1lac cash into my bank account...shall i deposite 49000/- and ..49000/- on next day.. plz suggest me...thanks in advance
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Amol S Joglekar

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Amol S Joglekar (Expert)
22 January 2015 if you have PAN, you can deposit any amount... What is the problem?
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Rupesh Jain

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Rupesh Jain (Expert)
22 January 2015 you can deposit the cash but if you deposit the rs. 10 lacs in year in one saving a/c then you may receive the notice from the income tax deptt.
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