HELLO FRIENDS, PLS. TELL ME EVEN CASH TRANSACTION EXCEEDIND RS. 10,00,000 IN CURRENT A/C ELIGIBLE FOR AIR OR ONLY IN SAVINGS A/C WE HAVE TO SEE.
PLS. TELL ME.
2 Replies
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 21 August 2011
Hi ,
As per the provision of section 285BA of income tax act 100000 ceiling limit of cash deposit is applicable in case of savings account and not current account .
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