Cash Deposit Limit in Saving Bank Account I Income Tax I High Value Transactions I Deepak Baisla

There are certain Deposit and Withdrawal Limits in a Savings Bank Account for a Financial Year and if you cross this limit you may get notice from income tax department seeking explanation of the source of the funds. This video explains the limit and the concepts of cash deposit and withdrawals from a saving bank account.

1. Saving Account में कितने पैसे जमा कर सकते है?
2. आम व्यक्ति कितने Saving Account रख सकता है?
3. Saving Account में Maximum कितने पैसे रख सकते है?
4. Financial Year क्या होता है?

Cash Deposit and Withdrawal limit in saving and current bank account is set by income tax department. If you deposit cash in your saving and current bank account more than an fixed limit you may get notice from income tax department. we have to show proof of our income to income tax department if we get notice .
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[NehaSingh-ylfd]

yeh bhi kaafi informative video h humare lie kaafi logo ko pta hi nhi h yeh baat

[aruproy]

kya withdrawal and deposit alag se calculate kiya jata hy?? matlab
or deposit+withdraw>

pls reply

[anuragpratimdas]

Sir, I have 4 bank accounts. I deposited total 4+ lacks cash in F.Y. 2021-22. The money is not my earning. I collected it from my parents and send to another person. I have submitted ITR of 26, 450 which is my actual earning. Is this okay that i have showed my income less than the actual cash deposited in my account.

[subrata]

Sir 8 lakh cash deposit kare ar usine 7lakh mis kare kaya notice ayaga

[syedhabeebfahad]

Can i drop 3cr cheque in savings account

[postproductionservices]

and Wish You Very Very Happy Birthday 🎂 🎂

[Allin-yyoq]

If I deposit 9 lack in 2021
9lack in 2022
9 lack in 2023

Then the total amount will be 27 lacks

Then their will be any income tax charge or penalty or any heavy due (about 60%)

I have to pay or not