Hi there, I am depositing cash in my savings account to do neft to my current account, my question is i have deposited more than 10 lac since last five months and now some 1 told me that i need to make a cheque payment to my current account, is there any difference in cheque payment or cash deposit. plz help me
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Is cheque deposit secure or do i need to continue neft s/a.
Replies (3)
Wondering how the aforementioned question falls within the category of Income Tax >> Tax Queries... 
Sir Please deposit cheque or transfer from Current account
Dear ziya
this is not going to effect your tax liability. There is no problem in doing neft.
these amount is going to addup to your capital a/c. And simultaneously to your current bank a/c
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