it assessee profit declared in it returns filed details mentioned below
f.y.18-19 net profit rs:4 lacs
f.y.19-20 net profit rs:4,30,000/-
f.y.20-21 net profit rs:4,60,000/-
question:
1.assessee how much amount cash deposit in bank sb account
2.rs:12,90,000/- cash deposit in bank sb account is corrected or not correct.
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Cash deposits amount in bank account
Replies (1)
If cash deposited more than 10 lakhs in saving Bank account it will be notified by the bank to income tax department and the same will be available in your AIS. so cash must be deposited less than 10 lakh in saving Bank account in a single financial year.
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