Sir,
Is there penalty for depositing 200000/- or more in current account.
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Cash transaction after 1 april 2017
Replies (6)
No, but query about the cash amount if received from single person may arise!
but explain the source of it
and if possible reaise invioce against this cash deposit
Source of the cash is the cash invoice and payment received in cash of credit invoice
then y to worry
no transaction above 200,000 in cash is possible even bill is raised
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