EASYOFFICE
EASYOFFICE

CASH Transcation SB

This query is : Resolved 
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(Querist)
21 February 2022
Dear Sir,

Please suggest can I face any issue from IT department.Annual income Rs.96000/_ Salary Tution income 112500/_Interest fromFD and SB account 22200/- Total income 223700/_deposit cash in RD account 4 installments 6500×4= 26000/_ Cash deposit in PPF account Rs.10000/_ Cash deposit in Post office Saving account account 50000/- to convert NSC. cash deposit to Saving account 59000/- Please suggest.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 February 2022 You will not face any issue from income tax as your earnings below taxable limit.
Your cash deposits within limits no problem.
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CA Puja Sharma

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CA Puja Sharma (Expert)
21 February 2022 Your cash deposit is within limits on the basis of your income. So, you may not face any issues from the department
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