Cash transaction after 1 april 2017

899 views 6 replies

Sir, 

Is there penalty for depositing 200000/- or more in current account.

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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