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Cash in bank account
maximum cash deposit in bank account in one FY
Replies (7)
Savings 10 lakhs, current no limits
Is it for Tds purposes or Only deposit limit ?
Only deposit limit not for TDS
Savings account?
In one financial year in bank account.
You can deposit how much ever you want if it's legitimate and earned or saved from legitimate disclosed income. The other limits are the reporting limits which when crossed , the bank will report that account number and PAN to the Income Tax Department
It depends on the nature of assesse and nature of source of income.
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