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AMOUNT EXCEEDING 20000

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07 March 2009 DEAR SIR,
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?

SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????

PLEASE CLARIFY..................

THANKS IN ADVANCE.......

07 March 2009 PLS REPLY QUICK AS POSSIBLE

07 March 2009 if u are depositing on the same day for expenses, then still exp is disallowable as per amendment by F.A 2008.


08 March 2009 What is the purpose of the deposit?

08 March 2009 FOR REPAYMENT OF PERSONAL LOAN OF ONE MY RELATIVES.

08 March 2009 Don't Worry.
Since it is a personal expenditure, it will not be disallowed.

10 March 2009 THANKS SIR..............



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