Cash withdrawal from bank

A salaried individual has withdrawn £8 lakh in cash from their savings account and is concerned about depositing it back due to cash deposit limits and potential income tax implications. The advice suggests depositing the cash back into the account in parts, as it's supported by the earlier withdrawal. While generally safe if the amount isn't excessively large (e.g., under £10 lakh), it's advisable to keep a record of the withdrawal and be prepared to explain the cash holding if any queries arise in the future.