Q. If I deposited the cash, my combined limit of bank account exceeds, Do I need to worry about Income Tax Scrutiny?

Agam Gupta November 22, 2016 1.24K Views

If the combined limit of the bank account i.e. previous balance in the bank and the new cash deposit combinedly exceeds Rs. 2.5 lakh, the depositor need not to worry about if he or she can prove the source of income or if they claim this is a saving amount they have deposited, then they might have to prove whether they have done savings from an accounted source only.

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