Cash in bank account
Raghavan s (4 Points)
01 November 2023
maximum cash deposit in bank account in one FY
7 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 02 November 2023
Is it for Tds purposes or Only deposit limit ?
CA Raj Doshi
(Practising CA)
(8944 Points)
Replied 06 November 2023
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
sabyasachi mukherjee
(27858 Points)
Replied 07 November 2023
It depends on the nature of assesse and nature of source of income.
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