Cash deposit more than 50 lakhs in saving bank account

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..... Cash deposit more than 50 lakhs in saving bank account
Query (Issue) Started By: - SHAAN NISHA Dated:- 18-11-2017 Last Reply Date:- 24-7-2018 Income Tax
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Income Tax
Hi Everyone .....

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..... , if i fill my return u/s 44ae and cash deposits in my saving bank account during the year is more than 50 lakhs than what kind of justification/ we need to submit here. if get notice for submitting .....

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..... of justification for depositing cash more than 50 lakhs in saving bank account???. And what is the limit of depositing cash in current account and saving bank account in a FY Upto which no information .....

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..... sent to IT Department By Bank? Or we need to submit justification or prove source of income? Thanks In Advance Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: You have to prove the source of income .....

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..... and also the justification of such deposit in your account.
Discussion Forum - Knowledge Sharing .....

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