how much can we deposit in a single bank account without being noticed but it deptt

10L is the standard yearly cash deposit limit (Might even get a notice for 9L worth deposits since the bank executives might report single transaction worth ~50k too if they feel suspicious)

getready wrote:

10L is the standard yearly cash deposit limit (Might even get a notice for 9L worth deposits since the bank executives might report single transaction worth ~50k too if they feel suspicious)

@getready say if a person is earning 25000 self employed will it not raise flag if he is using 10 lack yearly

detective-conan wrote:

@getready say if a person is earning 25000 self employed will it not raise flag if he is using 10 lack yearly

25000 per month se 10L kaise hua? Not just IT, natural curiosity will arise with anyone, even we want to know 😲

saucap wrote:

25000 per month se 10L kaise hua? Not just IT, natural curiosity will arise with anyone, even we want to know 😲

Savings and some from parents for investment

detective-conan wrote:

@getready say if a person is earning 25000 self employed will it not raise flag if he is using 10 lack yearly

getready wrote:
Flags don't get raised just because you earn 0/10k/25k pm. They do when you make certain transactions above a specific limit (Forex payments, cash/fixed deposits, credit card bill payments with cash & ..) via reporting authorities of the concerned agencies (Checks SFTs via e-filing portal for the same)

saucap wrote:

25000 per month se 10L kaise hua? Not just IT, natural curiosity will arise with anyone, even we want to know 😲

Shouldn't unless he has some fixed income every month deposited in his acc.

Also, the acc. should not be new with bank or pretty old with never a transaction of more than 20-30k. In that case bank will freeze acc. First aur Baad me inform to IT

Any Amount you earned legally can be deposited in a Single Bank Account/Multi Accounts. All the Accounts will be linked with your PAN, so transaction amount doesn't matter. They will accumulate all the numbers, verify it with your IT returns. If all is satisfactory then you are safe.

You can deposit 49k maz at a time .

But below 10 lakh in year
I did this and I am just student forget about job🙂🙂

detective-conan wrote:

Savings and some from parents for investment

Use traditional route then. Deposit upto 2.5 lakhs each in parents account, bank or post offices, open fixed deposits, say ~ 2 years, special schemes with high interest, & tax savers for 5 years, deposit some amount in your account, open 5yr tax saver with 1.5 L, hold extra cash and deposit all in April in their/your account. Later they can transfer that amount in your account as and when required. Nominate yourself in their FDs and accounts. Use name creditentials, pan+aadhar documents properly in all bank records. Later invest in your name. Keep all records safely.

Rajkotian wrote:

Any Amount you earned legally can be deposited in a Single Bank Account/Multi Accounts. All the Accounts will be linked with your PAN, so transaction amount doesn't matter. They will accumulate all the numbers, verify it with your IT returns. If all is satisfactory then you are safe.

I don't think this is helpful for op

I don't know about your bank account but if you want you can deposit any amount in my bank account

getready wrote:
Flags don't get raised just because you earn 0/10k/25k pm. They do when you make certain transactions above a specific limit (Forex payments, cash/fixed deposits, credit card bill payments with cash & ..) via reporting authorities of the concerned agencies (Checks SFTs via e-filing portal for the same)

This is very true .

Also as long as you can explain where money comes from any amount is fine.

sanketpero wrote:

This is very true .

Also as long as you can explain where money comes from any amount is fine.

Can a husband put his money in wife's savings account..  more than 50Lakhs

datatransfer410558 wrote:

Can a husband put his money in wife's savings account..  more than 50Lakhs