Cash deposit to be reflected in bank accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2017 Sir

Assessee has three bank accounts. He has deposited 90000 in each account during the period under consideration.

Total cash deposit is above 2.50 L but account wise it is not above that limit as asked for.

What should be done while filing return

To keep the column blank of each bank account

As per PAN is concerned, the assessee has deposited above 2.50 L during that period.

Pls advise on matter

Thanks in advance

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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29 July 2017 The threshold cash deposit is per PAN and not per bank account.

Obviously, one should mention details of all the cash transactions above threshold in all bank accounts