banner_ad

Regarding cash transaction limit per year

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 November 2015 Sir, if anyone transacted 700000/- ( deposit and withdrawal ) in savings account from 1st april. Now how to avoid Income tax and how much the limit per year.
Profile Image

CA Mehta Ankur N.

Profile Image

CA Mehta Ankur N. (Expert)
20 November 2015 There no limit as such, but banks will give ur information to income tax departments if you have deposited more than 10 lac in cash in saving bank accounts.

For any query feel free to contact me @ +91 94283 19758

CA Ankur Mehta
Jai Jinendra
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
20 November 2015 dear Sir, is it 10 lacs in a financial year?
Profile Image

CA Mehta Ankur N.

Profile Image

CA Mehta Ankur N. (Expert)
20 November 2015 Yes its 10 lacs per year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details