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  How much cash can you keep in savings account without attracting Income Tax notice? Know the Rules

  Business | December 14, 2024 14:19 IST

  Know the income tax rules for savings accounts and how much cash you can deposit without attracting scrutiny. Discover the daily cash transaction limits, high-value transaction reporting requirements, and how to respond to an income tax notice.

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  Daily cash deposit limits: How much can you deposit via bank cash deposit machines?

  Business | October 02, 2024 17:17 IST

  Cash Deposit Machine: Customers can deposit money in their bank account through Cash Deposit Machine or Automated Deposit cum Withdrawal Machine.

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  Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry

  Business | November 04, 2020 10:57 IST

  Bank of Baroda had made certain changes with effect from November 1, 2020, with regard to the number of free cash deposits and withdrawals per month. Opposition political parties had also protested against the move.

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  Have a Jan Dhan account, basic savings account? Don't miss this big update

  Business | November 02, 2020 11:31 IST

  Banking sources said ICICI Bank is not levying charges on the basic savings bank deposit account (BSBA) and Jan Dhan accounts.

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  Banks to levy charges on deposits, withdrawals of money from today. Check full list

  Business | November 02, 2020 9:53 IST

  Bank of Baroda (BOB) will start charging its customers for transactions beyond the prescribed limits from today. Names of other banks like Bank of India, PNB, Axis Bank and Central Bank are also emerging in reports, but they are yet to take a final call on the matter.

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  Taxman slaps 1.16 lakh notices for suspicious cash deposits post demonetisation

  Business | November 28, 2017 14:50 IST

  The I-T department has combed as many as 18 lakh people who deposited junked Rs 500 and Rs 1000 notes of over Rs. 2.5 lakh each post notes ban.

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  One year of demonetisation: I-T to issue 1 lakh notices for huge deposits post note ban

  Business | November 07, 2017 19:56 IST

  As many as 20,572 tax returns have been selected for the scrutiny procedure by the department post demonetisation, declared by the government on November 8 last year.

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  Shell firms: Criminal action in offing for unexplained deposits during demonetisation

  Business | November 03, 2017 14:07 IST

  The government is said to be planning to invoke Section 447 of the Companies Act which provides for imprisonment of up to 10 years and penalty that could extend to three times the amount of fraud involved.

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  EC asks BSP to explain money deposits post demonetisation

  Politics | March 03, 2017 6:49 IST

  Acting on a plea alleging that the Bahujan Samaj Party (BSP)deposited huge amounts of cash in its accounts post demonetisation, the Election Commission (EC) on Thursday sought response from the party.

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  Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman

  February 21, 2017 23:16 IST

  The CBDT has refrained tax officials from issuing threat, warning or show-cause notice to taxpayers contacted by it under Operation Clean Money.

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  I-T puts 9 lakh bank accounts under ‘doubtful’ category for suspicious deposits

  February 16, 2017 18:25 IST

  Almost half of the 18 lakh people who were asked to explain deposits into their bank accounts post demonetization have been placed under the 'doubtful' category.

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  Operation Clean Money: 5.27 lakh assessees respond to I-T query on cash deposits

  February 14, 2017 0:02 IST

  Out of 18 lakh people that were sent SMS/emails for making suspicious deposits post demonetisation, 5.27 lakh assessees have responded.

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  No questions to those depositing up to Rs 2.5 lakh, clarifies I-T

  February 07, 2017 8:05 IST

  Providing clarity on scrutiny of deposits made in banks post demonetisation, the Central Board of Direct Taxes (CBDT) on Monday said that no questions will be asked about deposits of up to Rs 2.5 lakh

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  Report deposits above Rs 10 lakh a year: Govt tells banks

  January 20, 2017 7:09 IST

  the government has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.

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  Inflows in Jan Dhan accounts decreased after public warning: Government

  December 08, 2016 7:13 IST

  Following the Income Tax Department's warning on not allowing misuse of Jan Dhan accounts for laundering black money post-demonetisation, inflows into such accounts have come down significantly, the government has said.

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  Govt tightens noose around black money holders; asks banks, POs to report cash deposits over Rs 2.5 lakh to I-T

  November 16, 2016 19:14 IST

  The operations of scrapping of 500 and 1000 rupee notes will end on December 30, but the government will continue to monitor your bank accounts for large cash transactions and beyond that. The government has

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  Cash deposits cross Rs 1.5 lakh crore in five days since currency ban

  November 14, 2016 12:27 IST

  The impact of the government’s November 8 move to demonetise 500, 1000-rupee notes is evident from the fact that the total cash deposited in banks within five days of the announcement has crossed Rs 1.5 lakh crore.

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  SBI gets deposits worth Rs 53,000 crore till mid-day

  November 11, 2016 18:02 IST

  The State Bank of India (SBI) today reported deposits worth Rs 53,000 crore till mid-day as the result of scrapping of Rs 500/1,000 notes by the Modi government. The bank also said that it has

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  HDFC Bank Levies Charges On Inoperative A/cs Cash Deposits

  January 10, 2012 18:39 IST

  New Delhi, Jan 10: If you are an account holder of HDFC Bank, then be prepared to pay Rs 50 per quarter for a non-operational account of over a year and Rs 25 for depositing