Cash Deposit limit to Bank
Abir santra (Accountant) (42 Points)
28 April 2018
Is there any threshhold limit to deposit Cash into Bank which is collected from party
4 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 28 April 2018
No limit on deosition but you can't accept more than Rs.200000/- from one person for a single transaction.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 28 April 2018
As per my view.,
Normally no more restriction...
But,
We deposit to Current account then no more queries from Income Tax...
In case we will deposit Rs 2lakhs or more in single deposit in Savings Bank account then Income Tax Dept ask the details...
Normally no more restriction...
But,
We deposit to Current account then no more queries from Income Tax...
In case we will deposit Rs 2lakhs or more in single deposit in Savings Bank account then Income Tax Dept ask the details...
saurabh sawlani
(Self employed )
(2191 Points)
Replied 28 April 2018
in current a/c limit is 10 lac.
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 28 April 2018
No such limit...... if you are filing your IT Return.
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