Deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2017
Sir/mam,,i want to know,,if someone files an itr of 5 lakh as a businessman,,then how much money he can deposit in bank anually?????
CA DHAVAL MISTRY
(Expert)
08 February 2017
There is no direct nexus of deposit of cash in bank account and annual income shown in filing ITR. What you kept in mind is that there should be proper justification with supporting evidences for deposit of cash in bank account.
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