Cash deposit compliance

Is it in current account? Is it the same as earlier routine transactions?

Yes it is a Current Account. it a routine a routine transactions. 

You can select 

• Cash out of earlier income or savings          option.

More details at : https://economictimes.indiatimes.com/wealth/personal-finance-news/made-cash-transaction-during-demonetisation-heres-how-to-respond-to-income-tax-mail/articleshow/56935244.cms

If the Same in the saving Bank. what we do?

Source of the fund?

Cash Sales of Liquor. deposited in the saving bank and next day he transfer to the amount and purchase liquor.

If its same, you may reply similarly, but department will require all the details of accounts, with cash deposited in same period. So, prepare your cash flow and reply accordingly.

Consider this example :

Cash deposited in the bank during demonetisation period = Rs. 20,00,000/-
Cash Sales made during the said period = Rs. 35,00,000/-
Cash spent out for expenses and          
payment to creditors                             = Rs. 14,00,000/-
Net Cash Available                               = Rs. 21,00,000/-
Out of the net cash available, Rs. 1,00,000/- was kept as cash on hand and Rs.20,00,000/- were deposited in to the bank. Now when I will fill the CSV file to submit compliance for cash transactions, I have to mention the sources of cash deposit as cash sales. Now if I mention all cash sales i.e. Rs. 35,00,000/- then the figure of cash deposited and cash sales will differ and compliance will not be accepted. So do I have to mention cash sales of only Rs. 20,00,000/- ??

Only amount deposited in cash 

for full information you have to reflect in return

I differ from the opinion of the above

You have to select B.6 CASH RECEIVED FROM UNIDENTIFIABLE PERSONS (since u cant know to whom u sold liquor which is ur case ) & select nature of the transaction as CASH SALES & fill the amount accordingly .

In other case u have to select B.4 CASH RECEIVED FROM IDENTIFIABLE PERSONS having PAN or B.5 CASH RECEIVED FROM IDENTIFIABLE PERSONS without PAN as applicable & select nature of the transaction as CASH SALES

The amount deposited and source should be equal Select itm B-6 in sources ss Cash Sales and write in remark that it is cash sale if my Proprietory firm M/ s ABC

I HAVE CASH ON 31-03-2016 RS. 2,00,000/- AND CASH ON HAND ON 08/11/2016 RS. 11,00,000/-

I HAVE DEPOSITED CASH RS. 10,30,000/- 

PLEASE GUIDE ME WHICH CASH ARE WRITTEN IN COLOUM NO. B 1

Segregate the cash as of 08/11/2016, of 11L, by its different sources, like cash sales, bank withdrawal, earlier yr+this yrs. income etc. and fill these accordingly.

Respected Sir,

My self Retail Traders and cash deposit in bank Rs.10,35,000/- on 15-11-2016. My cash position are on under:

As on 31-03-2016 was Rs. 2,00,000/- and Sales Receipt From 01-04-2016 to 08-11-2016 was Rs.9,50,000/- and Sales Receipt from 01-04-2016 to 30-12-2016 was Rs.13,25,000/- and I have deposited cash in bank Rs.10,35,000/- on 15-11-2016.

e.i. Cash in Hand as on 8-11-2016       Rs. 11,50,000/-

     Cash in Hand as on 31-03-2016     Rs. 2,00,000/-

     Cash deposit in Bank                   Rs. 10,35,000/-

Cash Receipt up to 08-11-2016           Rs. 9,50,000/-

Cash Receipt up to 30-12-2016           Rs. 13,25,000/-

Cash Receipt 09-11-16 to 30-12-16     Rs. 3,75,000/-

Please guide me how to fill up my figure in ITO notice form.

Thanking You