Cash deposit of rs. 2l in account with pan

lavanya (student) (958 Points)

16 November 2016  

I am not employed and dont have any source of income. My uncle wants to deposit his cash of Rs.2L in my account and my brother account since we have pan card. Is it ok to deposit?? Will i have to face any consequences in future from income tax??Since indirectly government is speaking about cash deposits within limit of 2.5L..please help me