cash deposit
siril (student) (508 Points)
10 October 2017
if anyone deposit RS.20000 or more in cash in our account without prior information then what should we do
4 Replies
Harsh Singal
(46 Points)
Replied 10 October 2017
penalty under 271D/A is imposed on receiver of cash or he has to prove that this is amount he receive cash on mutiple day or from different person in small amount.. say 40k from A 80k from B and remaining 80k from C
siril
(student)
(508 Points)
Replied 10 October 2017
can we give standing instructions to the bank saying don't allow more than 2lakh cash deposit other than from home branch
Harsh Singal
(46 Points)
Replied 10 October 2017
u can.. ask this from bank only i have no information about this
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