Cash withdrawal from bank

ITR 374 views 5 replies

I am salaried class person, I have withdrawn 8 lakhs from my saving account, (I have filled ITR for last 3 years.)

now I hold this cash with me without any transaction.

what should I do, as I can not deposit it back due to cash deposit limit ?

How can I ensure no income tax issue on this.

 

Replies (5)
Deposit into account in parts of amount
Deposit comfortably in bank account. it's supported by withdrawals made earlier. so don't worry.
Yes. deposit without any fear.

but keep explanation ready for withdrawal &holding for some time if any query in future.
No need to woory as amount is not less than 10 lacs

nice query by Pravin 87


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