cash deposit in od account exceed 10 lakhs. during FY.
whether bank submit SFT to income tax department.
Menu
Cash deposits in od account
Replies (3)
10lakh limit is for saving bank account
Cash payment exceeding Rs 10 lakh for purchasing any prepaid RBI instruments like RBI bonds, etc. Deposits or withdrawals amounting to Rs 50 lakh or more from any number of current accounts of a person with the bank.
If deposit made by you is genuine then you need not to worry . SFT REPORTING IN CURRENT ACCOUNT IS REQUIRED ON 50 LAKH OR MORE
Recent Threads
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
Related Threads
CAclubindia
