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Housewife cash deposits up to Rs. 2.50 lakhs and senior citizens up to Rs. 5 lakhs exempt from scrutiny u/s 69A.

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Full Text of the Document

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....Addition u/s 69A - large cash deposit on the bank account during the year - if a house wife deposited up to ₹ 2.50 lacs in her bank account (and in case of senior citizens aged above 70 years the upper limit of ₹ 5 lacs) during demonetization period then the same should not be scrutinized and has to be accepted. - AT....

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