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Cash deposit above Rs 10 lac in savings account

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Saumyadeep Banik

45 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?

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.

Goods & Service Tax

29 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.