Black money into white money

Hi,

yes he can do this,not any issue

You should be able to explain the source with supporting docs, just saying will not help.

Rinesh, if you have the proof of that 8-9 lakhs then you need not to worry.... 

Rinesh, as u are a small trader, u must have bills of sales or purchase...

Krishna, There will be an initial limit of Rs 10,000 per day and Rs 20,000 per week on withdrawal of money.

Deposit old notes of Rs 500 and 1000 in banks or post offices between November 10 and December 30, 2016

Those who are unable to, can exchange notes till March 31, 2017 at specified RBI offices after furnishing proper declaration.

how much i diposit in my joint bank account?

 i think one can deposit the same. but since you will have more than one account, and if both of them are based on your PAN number, then mind you, the total deposits, from Nov 9 to Dec 30, against your PAN number might be reported to IT officials. Proceed on the basis of explanation of source of Income of the deposits, and if confused, deposit in the name of other family members having not crossed the specified limit.

Hope that was helpful to you. :)

There is no limit to Deposit but withdraw limit is 10000 per day and 20000 per week in your any kind of account. Till 30 dec you can deposit 2.5 lakhs in aggregate without any problem. But if you want to deposit more than 2.5 lakh then you must have the proof of the source of that money.