what is the ceiling limit for cash deposit for the person who is not furnishing his income tax return
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166645 Points)
Replied 22 June 2023
Rules for Cash deposits limits for reporting to ITD remains same whether assessee files ITR or not. It differs only if PAN is not linked to account. It also differs to type of account, like savings o current etc.
In short, 10 lakhs is the limit for EACH savings account of different Banks.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
