Hello seniors,
I want to know regarding 10lakh thing, i am doing an online business like ebay and we usually have transactions more then 10lakh in a year, is this 10lakh thing only for cash deposits or including cheque deposits or online transfers?
Thanks & Regards,
Nik.
IT IS ONLY FOR CASH DEPOSITS OF ABOVE RS. 10 LACS DURING THE YEAR IN A SINGLE SAVING A/C.
CHQ. DEPOSIT & ONLINE TRANSFERS ARE NOT COVERED FOR CALCULATION OF ABOVE 10 LACS.
Yupp Suman is correct.
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