Student
9 Points
Joined May 2016
Hello Everyone, Please Guide me on this
matter, My Mother, Being a Post Office Agent
is Authorised to Open A/c's, Collect Monies
from Public and deposit the same in Post
Office. Sometimes, Due to Personal Work,
Holidays, Technical Problem and other
Official problem, she can't Deposit the
money received from public in post office
next day and deposits the same after few
days, Till than money retains to us ( For
which She is authorised in her Agency
Agreement). But, as we live in a small house,
to keep safe the monies received from
public, My mother deposits the same in her
Bank a/c and than withdrawl and deposit it
in Post office within few days and Receives
the receipt of deposits from post office .
Now, we have received a letter from IT dpt.
Asking about the source of the transactions
because the sum deposited in saving a/c
exceeds rs. 10 lakh. Is there any problem If
we Reply to IT Dpt. explaining the whole
process of all the transactions. * (Due to this
process, withdrawls and Deposits in my
mother's SB A/c are approximately equal.
Thanks in Advance