CASH Transcation SB

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This query is : Resolved

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This discussion addresses concerns about potential issues with the IT department regarding cash transactions. The user's total income is below the taxable limit, and their cash deposits into various accounts (RD, PPF, Post Office Savings, and a regular Savings account) are also within acceptable limits based on their earnings. Therefore, it is suggested that the user is unlikely to face any problems from the tax department.

Amandeep Singh

Amandeep Singh (Querist)
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21 February 2022
Dear Sir,

Please suggest can I face any issue from IT department.Annual income Rs.96000/_ Salary Tution income 112500/_Interest fromFD and SB account 22200/- Total income 223700/_deposit cash in RD account 4 installments 6500×4= 26000/_ Cash deposit in PPF account Rs.10000/_ Cash deposit in Post office Saving account account 50000/- to convert NSC. cash deposit to Saving account 59000/- Please suggest.