16 November 2016
I am not employed and dont have any source of income. My uncle wants to deposit his cash of Rs.2L in my account and my brother account since we have pan card. Is it ok to deposit?? Will i have to face any consequences in future from income tax??Since indirectly government is speaking about cash deposits within limit of 2.5L..please help me
16 November 2016
You will not face any consequences in future from income tax as the amount is within limit. Consider the amount as gift from your uncle.
CAclubindia
