19 March 2020
One I.t. return non filing person cash deposits bank sb and current account.if any limit of above cash transactions income tax department detailes asked .
20 March 2020
Kindly refer Rule 114E, which specifies that : (1)Cash deposits aggregating to ten lakh rupees or more in a financial year, in one or more accounts (other than a current account and time deposit) of a person. (2)Cash deposits or cash withdrawals (including through bearer's cheque) aggregating to fifty lakh rupees or more in a financial year, in or from one or more current account of a person.