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cash deposit
if anyone deposit RS.20000 or more in cash in our account without prior information then what should we do
Replies (4)
2 lakh or more
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
can we give standing instructions to the bank saying don't allow more than 2lakh cash deposit other than from home branch
u can.. ask this from bank only i have no information about this
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