Name factor of cash deposit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 November 2016 If anyone bank a/c jointly created, now he or she want to deposit cash in cash requisition slip mentioning the name whose name is first in joint bank a/c, again he or she want to deposit more money in cash requisition slip by mentioning the second name of joint bank a/c, then is it possible limit of 2.5 lacks cash deposit for each person who are now jointly in same bank a/c.

Sir, Please inform me...for my better knowledge
Thanking You,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

16 November 2016 Any deposit in excess of 2.50 lacs in an ac will be informed to IT dept by the bankers. Bankers will not note who deposited the amount.

Querist : Anonymous

Querist : Anonymous (Querist)

16 November 2016 If he or she who bank a/c holder who is 61 years old (Sr. Citizen) then IT limit Rs. 3 lacks can it apply...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

16 November 2016 Yes it should be applicable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

GOVIND VAJIRAJ DESAI

Ramulu Thakkalapally

RAVINDRA JOSHI

cgagroshg cgagroshg

velichety.l.narasimharao

Subscribe Now

Name factor of cash deposit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Senior Executive

Manager- Finance and Compliance

Accountant

CA Final