Meet Murarka (Article) (38 Points)
15 April 2012How Much Of Cash Can reasonably be deposited during a financial year in a savings bank account if no trading is done by individual
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 16 April 2012
10 lacs but it is also a big amount so be very careful while do transaction in Saving account if you transfer any big amount by cash or any suspicion way then dept will imtimate you for clarification.
my simple advice is make every transaction proof or evidence and clarification if possible
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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