Sir,
Is there penalty for depositing 200000/- or more in current account.
6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177967 Points)
Replied 06 April 2017
No, but query about the cash amount if received from single person may arise!
rahul bansal
(3 Points)
Replied 06 April 2017
Source of the cash is the cash invoice and payment received in cash of credit invoice
Anil Jaiswal
(Lecturer)
(24 Points)
Replied 06 April 2017
no transaction above 200,000 in cash is possible even bill is raised
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