29 October 2022
WHAT IF I CASH DEPOSIT MORE THAN 10 LAKH IN SAVING ACCOUNT in a year in small deposits in different dates below 1 lakh each . can I get incometax notice ?
29 October 2022
As banks have to report the cash deposited in any savings account/s, when the aggregate amount is Rs. 10 lakhs or more in any FY. Based on these reporting IT department send query for its explanation.
CAclubindia
