Income Tax Return Website Income Tax Return Efiling and income tax refunds. How to convert black money to white. After Demonitisation, we have been getting lot of queries on cash deposits in banks. We collated queries on cash deposit in your bank accounts. Please note that there is no challenge if deposit is upto Rs 2. Query I was getting salary income till last year, From this year, i have been earning tuition income. Can i deposit Rs 2. Reply  Sure you can deposit Rs 2 lakhs in your bank account. Please make sure that you file your income tax return as well. Query I want to deposit Rs 2. ICICI bank and Axis bank Will i be getting income tax notice Reply Sure you will be getting income tax notice, if your deposit is Rs 5 lakh in current year 2. All your bank account are now linked to PAN number. Query My son has taken education loan. I have been deposting some cash in his bank account, to repay loan. Will i be getting income tax notice Reply Dear Sir, any cash deposit above Rs 2. It is better to do fund transfer or use cheque to transfer to his bank account. Axis Mobile Banking App FAQs. Read through the frequently asked questions and get answers to the queries that you may have about Axis Banks Axis Mobile AppHowever, in case you have sufficient withdrawals in your bank account and you have some deposit in your accounts then link can be established. Query I have already deposited Rs 1 lakh till Oct 2. Can i deposit Rs 2. Reply Sir, please note earlier banks were intimating to income tax office if any deposit, were exceeding Rs 1. Now after this new notification, any deposit above Rs 2. In your case your total deposit will be Rs 3. You van get income tax notice on such deposits. Query I am house wife and over a period of 2. Some 2. 5 lakhs in csah for my daughters marriage.  What is the best way to deposit this cash in my bank account. Reply Madam, Please arrange to open a bank account if you dont have existing bank account. You can safely deposit this amount in your bank account. There will not be any query from income tax department for deposit upto Rs 2. Query In have withdrawn some cash during this year, but i was not able to utilise this money. Reply Sure Sir, you can deposit under utilised this amount in your bank account account. Query  I have been getting salary of Rs 1. Around 6. 0, 0. 00 from tution income. For opening nrenro ac our aim is to send money to india, hence i think we should consider which bank offers ease of sendig money to india. for eg. i guess icici. I Deposit this amount in bank Reply Sure, You can deposit this amount in your bank account. There is now challenge in deposting this amount in your bank account. Query Iam a farmer and have been filing my tax return every year. Around 8 lakhs, cash in hand. Can i deposit this amount in my bank account Reply Sir, you can deposit this mount in your bank account. In hand as on 8th november. It is better to prepared your books and deposit cash accordingly. 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published yourstory. com As RBI cuts rate, should you go for fixed home. Earnings statements provide detailed information about your pay, benefits, deductions, and leave accrual. You can find PDF versions of your earnings statements in. Sir What is rate interest of Fixed deposit As on 1st April 2013 if Increase any basic what Plz tel me. Reply. Compliments Complaints. Check FAQs, raise Service Request, share compliments or raise complaints. Query I have withdrawn Approx Rs 1. After demonitisation, can i deposit this money back in my bank account and pay vendors in new cash Reply Sure Sir, You can deposit this cash in your bank account. In case of income tax query, you can safely establish your deposit, with old withdrawls, marriage card and vendor receipts. Query My parents have saved Approx 4 5 lakhs for my sister marraige. Can we deposit cash in our bank accountsReply Your parents can deposit cash of 5 lakhs in their account. Please note that bank will ask you to be KYC complaint. Query My post office NSC, KVP and some fixed deposit have matured this month. Can I deposit this mount in my bank account Reply Sir, it is better to take cheque from post office. This will be very convenient for you. You will not be getting any income tax notice. Query My Friend wants to deposit some cash in my bank account for some months. Is it ok Reply Sir, Please avoid any cash deposits from any unknown persons or even friends. This may result in problems for you at later stage. If you have any further query on Demonetisation, Black money, Converting black money to white money you can visit this page.