cash transactions with the bank
shaikh sajeed (Associate) (151 Points)
21 April 2018shaikh sajeed (Associate) (151 Points)
21 April 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 21 April 2018
If you deposit 10 lakhs in any of your savings account, IT department gets its information from bank, and a query is raised by way of AIR...... for the explaination of the source of such cash.
There is no restriction on the way you spend....... by way of cheque/online.
shaikh sajeed
(Associate)
(151 Points)
Replied 21 April 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 21 April 2018
First of all the cash should be accountable (from known source/s)
The same can be deposited in sav account/s (but better to mind that limit) ......... file ITR for the year......... and pay liable tax........ No problem.........
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 21 April 2018
Most Welcome....... Dear
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)