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About cash deposit in to bank

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41 Points Posted on 06 December 2018

How much cash deposit in to sb or curent account per anum..?

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On 06 December 2018 at 22:41 Report
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154 Points Posted on 06 December 2018
in Saving Account Upto 1000000 during the year
if it exceeds then u may get a notice asking for the source of such deposit
(under AIR-001)

and also in a day if deposit I made more than 200000
(under CIB -410)
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On 06 December 2018 at 22:56
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Accountant
3479 Points Posted on 06 December 2018
no limit but keep proof of cash
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On 06 December 2018 at 22:56
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12244 Points Posted on 07 December 2018
no limit, just be ready to explain the source for the same with material evidence
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On 07 December 2018 at 02:13
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PRACTICE
322 Points Posted on 27 February 2019

No limit Specified by the Act, but you have to keep ready the documents ready for inquiry by tax department.

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On 27 February 2019 at 16:12


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