𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗡𝗼𝘁𝗶𝗰𝗲 𝗼𝗻 𝗦𝗮𝘃𝗶𝗻𝗴 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 𝗖𝗮𝘀𝗵 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗟𝗶𝗺𝗶𝘁 𝗶𝗻 𝗕𝗮𝗻𝗸 𝟮𝟬𝟮𝟰

𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗡𝗼𝘁𝗶𝗰𝗲 𝗼𝗻 𝗦𝗮𝘃𝗶𝗻𝗴 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 𝗖𝗮𝘀𝗵 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗟𝗶𝗺𝗶𝘁 𝗶𝗻 𝗕𝗮𝗻𝗸 𝟮𝟬𝟮𝟰


Cash deposits and withdrawals of Rs 10 lakh or more in a bank account in a financial year are required to be reported to the tax authorities, you need to be careful if you are exceeding the prescribed threshold. This limit is Rs 50 lakh and more in case of current accounts. Bank send the details of cash deposit with address, PAN, Amount of cash deposit and account Number.


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