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Cash Deposit limit to Bank
Is there any threshhold limit to deposit Cash into Bank which is collected from party
Replies (4)
No limit on deosition but you can't accept more than Rs.200000/- from one person for a single transaction.
As per my view.,
Normally no more restriction...
But,
We deposit to Current account then no more queries from Income Tax...
In case we will deposit Rs 2lakhs or more in single deposit in Savings Bank account then Income Tax Dept ask the details...
Normally no more restriction...
But,
We deposit to Current account then no more queries from Income Tax...
In case we will deposit Rs 2lakhs or more in single deposit in Savings Bank account then Income Tax Dept ask the details...
in current a/c limit is 10 lac.
No such limit...... if you are filing your IT Return.
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