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SFT Cash Deposit in Current Account

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This query is : Resolved

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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)
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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)
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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.

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Sandeep Jain

Sandeep Jain (Querist)
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17 April 2026 Thank you very much sir

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