Compliance with SFT 13 by Banks

Dhebek (Student CA IPC / IPCC) (123 Points)

29 May 2017  
Respected CCI Members,

Kindly Clarify Following Doubt.

In Cooperative Bank,one customer repay his loan in Cash which exceeds Rs.2,00,000.
The Cooperative Bank Is Liable to 44AB in financial year 2016 2017.
Is that Cooperative Bank File Form 61A For Receipt of Cash Payments Exceeding Two Lakhs?

Thanks,

Dhebek.M.N