The Commerce Hub

आप सभी को GST मुबारक !

Some advise

Do not deposit cash more than Rs.2 lakh at one time in bank saving account. To avoid Income tax department Notice regarding cash deposit more than Rs.200000/-

Till 30th December no limit for depositing cash in bank

Pan card must for depositing Rs.50000 /- and more.

do not panic and rush to the banks or post office for depositing the old notes.

Understand the impact. When you go to the bank for depositing the same you first check that whether you have cash balance in your books or not.

Because this is going to create a prob and inquiry in Income tax. So please b careful.