Cash deposit limit in Savings bank account for Income Tax

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Sundaraiah asked 5 years ago

One individual person cash deposit Rs. 30000/- every month in bank sb account. My question any limit cash deposit in bank sb account and income tax payable compulsory.

1 Answers

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Sreekanth Staff answered 5 years ago

Hi, There is no limit as such.. As long as your cash transactions are properly been accounted for and you can justify such transactions then there should not be any issue. Kindly read :

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