cash transactions with the bank

If you deposit 10 lakhs in any of your savings account, IT department gets its information from bank, and a query is raised by way of AIR...... for the explaination of the source of such cash.

There is no restriction on the way you spend....... by way of cheque/online.

First of all the cash should be accountable (from known source/s)

The same can be deposited in sav account/s (but better to mind that limit) ......... file ITR for the year......... and pay liable tax........ No problem.........

Most Welcome....... Dear