banner_ad

Bank transaction limit in savings

Others 247 views 2 replies
User Avatar

8 Points Posted on 15 July 2024
if a person's bank transactions in savings bank account is about 2cr , can he will audited his account or not?
if his income from business (sale /purchase of property) below exempt limit?
0 Reply Share Follow
On 15 July 2024 at 21:41 Report
Replies (2)
User Avatar

SEO Sai Gr. Hosp.
211715 Points Posted on 15 July 2024
What is the percentage of cash transaction in the business? If no cash transactions, no tax audit applicable.
Reply
On 15 July 2024 at 22:18
User Avatar

Profession Business
28207 Points Posted on 16 July 2024
Keep a parity with itr filed. Remittance by anyone is not taxable
Reply
On 16 July 2024 at 07:07


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

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details