Certification Course on Prompt Engineering Mastery for Finance Professionals
Certification Course on Practical Filing of Income Tax Returns
As such depends upon each bank, and type of savings account/s..
But bank has to report to ITD for any cash deposited by cash for amount of Rs. 50K or more per day.
Not in a single day............. yes, on different days....
You are welcome..
Sir Reporting of Cash Deposit of 50K or more by banks is this as per Income Tax Act? As per As per Section 285BA of the Income Tax Act, 1961, SFT Reporting limit is 10 lakh.
No not as per IT act, but may be RBI guidelines...
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