Regarding cash deposit in saving account above 10 lakhs

Nika (Prop) (26 Points)

11 June 2009  

Hello seniors,

I want to know regarding 10lakh thing, i am doing an online business like ebay and we usually have transactions more then 10lakh in a year, is this 10lakh thing only for cash deposits or including cheque deposits or online transfers?

 

Thanks & Regards,

Nik.