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Regarding Cash Transaction in Current Account

m Bhagat

Sir,

Is any limit for cash deposit in current account for F.Y 2017-18 and onwards ?.

Cash deposit limit: expert commentary indicates no statutory cap on cash deposits to current accounts going forward. Cash deposits into current accounts do not attract a prescribed statutory cap for the period under query; the responding commentator expresses the view that there is no statutory limit on cash deposits into a current account. (AI Summary)
Income Tax
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DR.MARIAPPAN GOVINDARAJAN on May 13, 2018

In my view no

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