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.
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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.
thanks sir
a firm having cc limit 30 lacs turnover 60 lacs,is ther any problem ,if they deposit 21 lacs cash.
What was the percentage of net profit to turnover declared in earlier years?
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