Cash deposit above Rs 10 lac in savings account

335 views
User Avatar

29 Points Posted on 08 July 2021

Hi,

I have a money transfer business in and deposit Rs 8-10 lac cash everyday. I usually deposit all cash in current account but mistakenly deposit some in savings account. Now it has been reflected in stf column in 26as.

 

Please suggest what to do?

0 Reply Share Follow
On 08 July 2021 at 16:24 Report
Replies (2)
Quick Summary
A user mistakenly deposited a significant amount of cash (Rs 8-10 lakh daily) into their savings account instead of their current account, which has now appeared in their 26AS statement. The advice given is not to worry, as the transaction is legitimate, originating from their business. The key factors considered are the creditworthiness, genuineness of the transaction, and the identity of the cash source.

User Avatar

25 Points Posted on 08 July 2021
It's Ok Dont Worry
You Have A Record . You Got Cash From Your Business And Deposit Your Bank Account But Mistakly Deposit Some Cash In Saving Account. This Is Not A Big Probleam Because You Have A Business But By Mistakely Deposit.
1 Reply
On 08 July 2021 at 22:36
User Avatar

17 Points Posted on 09 July 2021
Credit worthiness, Genuineness of transaction, Identity of the person from whom cash received
Reply
On 09 July 2021 at 21:13

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading