deposit in Bank

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mohit mishra (Querist)
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20 November 2016 cash at bank rs. 100000 as on 8 nov 16 and we deposit total rs 240000 in 4 time .in a bank account and my question is that it's possible. and what is the taxable income ...

Unnikrishnan B

Unnikrishnan B (Expert)
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21 November 2016 You can deposit any amount in bank .the tax liability is calculated on the basis of cash deposit and compare with your earlier return .in current account you can deposit up to Rs12.5 lakhs without the fear of Incometax .but you should have a Pan

mohit mishra

mohit mishra (Querist)
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21 November 2016 thank you Sir

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