Menu
Reporting to IT Deptt.
How much above limit of banking transcations (FD investment, Cash and other investments) of a client, a bank has to inform IT deptt. ? kindly clear .
Replies (1)
Deposits amounting to Rs. 10 Lakhs or more in a F.Y.
Cash deposits in one or more accounts (other than current account), amounting to Rs. 10 Lakh of an individual
Cash payments for purchase of bank drafts or pay orders or banker’s cheque, totallingRs. 10 Lakh.
Cash deposit/withdrawal totalling, Rs. 50 Lakh or more in a F.Y.
Cash deposits in one or more accounts (other than current account), amounting to Rs. 10 Lakh of an individual
Cash payments for purchase of bank drafts or pay orders or banker’s cheque, totallingRs. 10 Lakh.
Cash deposit/withdrawal totalling, Rs. 50 Lakh or more in a F.Y.
Recent Topics :
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
Related Topics :
CAclubindia
