How much amount can be deposited in saving acoount.

This query is : Resolved

Ashim kr Ray (Querist)
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03 November 2019 Sir,

I have shown my Income in in IT FY 2014-15-400000, FY 2015-16-450000 ,FY -2016-17=455000,FY 2017-18=450000,FY2018-19= 480000. total=2235000.
Can I deposite this amount in saving bank, If yes whether i have to pay tax on it.

Please suggest i have confusion.

Ashim kr Ray

Ashim kr Ray (Querist)
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04 November 2019 Can Any Experts can clarified my doubts please.

RAJA P M

RAJA P M (Expert)
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04 November 2019 As per Your query Your income is Rs 2235000... If yes, You can't spend any single penny till date from 14-15...?

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Ashim kr Ray

Ashim kr Ray (Querist)
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04 November 2019 Yes , I got the Point.

RAJA P M

RAJA P M (Expert)
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04 November 2019 Very Well.... Good Luck...

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Ashim kr Ray

Ashim kr Ray (Querist)
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04 November 2019 Sir,
But this income generate after deduction of all expenses in each Financial year. Whether it may be Indirect or personal expense. Then why i Cannot.

RAJA P M

RAJA P M (Expert)
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04 November 2019 Are You consider Your all family Expenditures from 14-15...?
The BEL is using for personal nature... If You have the amount then deposit as per Your way. In case any queries from IT then explain the sources of fund.
No more other roblems...

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