SFT Cash Deposit in Current Account

Save Share

This query is : Resolved

Quick Summary

Cash deposit of 55 lakh in a current account crosses SFT reporting limits, so it may be scrutinized. If backed by genuine, recorded cash sales and proper books, no issue should arise.

Sandeep Jain

Sandeep Jain (Querist)
Follow

17 April 2026 Sir

Please suggest to me We Deposit Cash in Bank In FY 2025-26 Rs.55 Lacs in Current Account. Totaly turnover Rs.66 Lacs mostly Sales in Cash in mode. Can be face any issue from department please advise to us

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

17 April 2026 If your ₹66 lakh turnover is genuine and the ₹55 lakh cash deposit is out of properly recorded cash sales, then mere deposit itself is not illegal. But since it crosses the ₹50 lakh current account SFT threshold, it is visible to the department, so documentation and reconciliation must be strong.

Message likes : 1 times

Sandeep Jain

Sandeep Jain (Querist)
Follow

17 April 2026 Thank you very much sir

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

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