Cash deposit in bank account info needed
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Please guide.
How much cash can we add in a bank account in one single year?
And cash withdraw limit if any?
Do Income Tax people care all this?
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https://www.desidime.com/discussions/cash-deposit-in-bank-account-info-needed?page=1#post_7397004
What about deposit by online transfer?
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https://www.desidime.com/discussions/cash-deposit-in-bank-account-info-needed?page=1#post_7397027
Instead think about deposit charges. Various deposit charges for various amount. Check that first
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You can deposit & withdraw unlimited amount, however Rs.10 lakhs deposits per annum may attract income tax scrutiny. Also, individuals who deposit cash above Rs.2.5 lakhs and senior citizens who deposit cash above Rs.5 lakhs may be scrutinised.