SFT Cash Deposit in Current Account
This query is : Resolved
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Sandeep Jain
(Querist)
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
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
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
(Querist)
17 April 2026
Thank you very much sir
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