a pensioner has filling it return sor several years under no tax liability. how much he can deposit cash in his bank a/c.similarly his wife also files rerurn.can both severally deposit cash 5 lacs in each a/c.
ganesh ram (student) (55 Points)
12 November 2016a pensioner has filling it return sor several years under no tax liability. how much he can deposit cash in his bank a/c.similarly his wife also files rerurn.can both severally deposit cash 5 lacs in each a/c.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194912 Points)
Replied 12 November 2016
If you can prove the cash amount to be white collered, go ahead without any hitch.
But in case of any hotch potch, be on safer side with lower limit of 2.50 lakhs each.
ganesh ram
(student)
(55 Points)
Replied 12 November 2016
thanks sir
a firm having cc limit 30 lacs turnover 60 lacs,is ther any problem ,if they deposit 21 lacs cash.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194912 Points)
Replied 13 November 2016
What was the percentage of net profit to turnover declared in earlier years?
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