Current account

Others 436 views 2 replies

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.

Replies (2)

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 .

yes, it is correct


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