How much cash can I deposit in bank accounts?Without tax or notice!

[doraemon]

Hey people
We are purchasing a shop costing 20 lakhs
We have cash and want to deposit that in bank account for cheque issue purpose


How can I deposit in such a way it doesn't not attract tax or it department attention


I have 13 accounts
Can I deposit 49k in each of them?

Need your inputs in this

 

[deep@vie]

How money can be white if tax is not paid,then there's no black money concept.
It's not Dubai,it's India.

 

[praful47]

How money can be white if tax is not paid,then there's no black money concept.
It's not Dubai,it's India.

Kya pata wo Paisa savings ho ...
Savings pe bhi tax dena padta h kya .
Paisa ka source kuch bhi hosakta h .
Agar wo Paisa white bhi hai aur uske pas explanation bhi hai .... To bhi koi unnecessary ITD notice ka samna kyu kare.

This thread is not about black money or white money .

 

[deep@vie]

Kya pata wo Paisa savings ho ...
Savings pe bhi tax dena padta h kya .
Paisa ka source kuch bhi hosakta h .
Agar wo Paisa white bhi hai aur uske pas explanation bhi hai .... To bhi koi unnecessary ITD notice ka samna kyu kare.

This thread is not about black money or white money .

Unawareness is a big issue.
People think if they earn less than 5l,currently 7l for new regime, they don't need file ITR.
At a later stage,they might face the notice as the department will ask,even for saving one need to earn & show to department.

 

[praful47]

Unawareness is a big issue.
People think if they earn less than 5l,currently 7l for new regime, they don't need file ITR.
At a later stage,they might face the notice as the department will ask,even for saving one need to earn & show to department.

Income below 3L (new tax regime) do not have to file itr .

 

[deep@vie]

Income below 3L (new tax regime) do not have to file itr .

@praful47 Faizal bhai, aapka to Sara dhandha cash me hota hai na😂

 

[deep@vie]

Income below 3L (new tax regime) do not have to file itr .

Yes, people think even if their income is 7l, they don't need to file

 

[praful47]

@praful47 Faizal bhai, aapka to Sara dhandha cash me hota hai na😂

Haaa .. kyu ki ramadhir account freeze karwa deta hai .

 

[Ak Singh]

If I have STCG (short term capital gain) more than 1 lakh and my income is 5 lakh. Would I have to file itr?

Can I do offset like book STCL( short term capital loss) with STCG(short term capital gain) and bring down to 1lac and don't file itr?
Will this reported in AIS if I don't file itr?

 

[doraemon]

We should not be condoning and helping tax evasion. OP should declare the income and pay requisite tax on it. Whether he does or not, the forum should not help him evade tax and in fact such questions should be banned.

bhai chori ka paisa nahi hai
mehnat ka hai.aur itr bharte hai
aur rahu baat forum ki to bhai cash rakhna aur deposit karna gunah to h nahi

banned ki baat rahi to wo mod dekhlenge
aapko kasht ki jarurat nahi hai


sabka apna trika hai

 

[imdjay]

bhai chori ka paisa nahi hai
mehnat ka hai.aur itr bharte hai
aur rahu baat forum ki to bhai cash rakhna aur deposit karna gunah to h nahi

banned ki baat rahi to wo mod dekhlenge
aapko kasht ki jarurat nahi hai


sabka apna trika hai

Just ignore that guy. I do the same.
He lives in his own world, making assumptions about everything.

 

[dealminer]

Hey people
We are purchasing a shop costing 20 lakhs
We have cash and want to deposit that in bank account for cheque issue purpose


How can I deposit in such a way it doesn't not attract tax or it department attention


I have 13 accounts
Can I deposit 49k in each of them?

Need your inputs in this

Dora mauke pe chauka maar dena chahie

Wealth account khol do 20L fek kr marna 😆
Then cashout kr dena

Add 14th account to your arsenal!