Cash deposit

Sir,

 

Can you please tell me , if one  receives and deposit a cash of50,000 in the savings bank. 

And secondly can we show in the ledger account ( Cash ledger) received money more then 20,000.

What are the consquences.

Kindly guide.

 

Thanks,

Regards

Sushant

Replies (1)

Only payment of money is not allowed for tax purpose, No restriction on receiving of money.

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