Income tax ANNUAL INFORMATION RECORD
To avoid 'AIR' Annual Information Return Information going from bank to Income Tax Department for inquiry later, Limit for Deposition of cash in bank is as under:ONE SAVING A/C LIMIT:Rs.49,999 per day deposit and Rs.9,99,999 in a year per SB accounts
CURRENT ACCOUNT:Rs.199,999 maximum per day deposit andRs.49,99,999 maximum in a year per Current Account.
Pl note while doing deposits now do check howmuch you have already deposited from April 16 till today in respective account and deposit only balance amt as per above limit.
Please strictly follow above limit to avoid future Income Tax related Notices and complications.
Also check whether CORRECT PAN is Updated in each of your Account.
CURRENT ACCOUNT:Rs.199,999 maximum per day deposit andRs.49,99,999 maximum in a year per Current Account.
Pl note while doing deposits now do check howmuch you have already deposited from April 16 till today in respective account and deposit only balance amt as per above limit.
Please strictly follow above limit to avoid future Income Tax related Notices and complications.
Also check whether CORRECT PAN is Updated in each of your Account.
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