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SFT Cash Deposit in Current Account

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.

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(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
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
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

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