Not necessarily, but prepare cash flow as of withdrawals less personal expenditures for last few years, for the justification of the savings, in case query raised.
Depends on whether you can convince the Taxman about the facts of the case. If you are going to tell him that your grandfather had withdrawn the cash over a period of two years and kept all the cash with him, goodluck. Sometimes what is actually true may be hard to believe for others.
No, to avoid this situation during demonetiazation period ,advise to deposit 2 lakh in two saving a/c.
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