Cash Deposit in Bank Account of Other person
Raj Thakkar (ARTICLE) (382 Points)
21 December 2021
what will be the consequences of cash deposit of 3,00,000 in other person's bank account?
1 Replies
Raghunandan Singh
(126 Points)
Replied 21 December 2021
Accepting more than ₹200000 cash from single person / single day / single transaction is prohibited..
but if you have valid explanations of ₹ 300000 than no need to worry
but if you have valid explanations of ₹ 300000 than no need to worry
Recent Topics
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
Related Threads
CAclubindia
