Is it mandatory for banks to report cash deposit in SFT?
If AIS doesn't show any amount of cash deposit but in reality there is cash deposit in the books, so on what basis is the decision to be taken for tax audit ?
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Replies (2)
SFT report cash deposits above a certain limit. Just make sure you have a valid source and valid reasoning for the cash deposit.
Verify the bank statement based on the AIS
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