deposit in Bank
This query is : Open
20 November 2016
cash at bank rs. 100000 as on 8 nov 16
and we deposit total rs 240000 in 4 time .in a bank account
and my question is that it's possible. and what is the taxable income ...
21 November 2016
You can deposit any amount in bank .the tax liability is calculated on the basis of cash deposit and compare with your earlier return .in current account you can deposit up to Rs12.5 lakhs without the fear of Incometax .but you should have a Pan
21 November 2016
thank you Sir
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