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Cash deposit limit in sb and current bank account

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23 January 2021 Sir,
1.Any gst registration and I.t. return not filed business person cash amount deposits limit in sb and current bank account one finicial year under gst and I.t. act.
2.if a person gst registration and I.t. return filed assess cash deposit limit in bank sb and current account one finicial year under gst and I.t. act.

23 January 2021 1. 1000000 in saving and 4000000 in current 2. No limit

24 January 2021 Cash deposits in excess of 10 lacs reported in 26AS. Such deposits should be commensurate with the turnover reported in IT and GST returns.




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