CASH Transcation SB

This query is : Resolved

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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 February 2022 You will not face any issue from income tax as your earnings below taxable limit.
Your cash deposits within limits no problem.

CA Puja Sharma

CA Puja Sharma (Expert)
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21 February 2022 Your cash deposit is within limits on the basis of your income. So, you may not face any issues from the department

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