Regarding money in bank

- Capital is the amount contributed by the owner. It is not only bank balance.

Sir your question is not very clear please rephrase it.

Never put money in bank in single time.

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Thank you

It seems that you have received money from sale of property in cash.

If yes, please note that you have made a big mistake and dont take any further step without discussing with a CA over phone/ in person. There could be a penalty equivalent to the amount received in cash.

Please take a phone consultation to discuss it in detail.

Dear Sir,

Hope you are doing well !!

It is advisable to repost your query for appropriate advise. It is bit confusing.

Hi

If you accept cash payment more than limit prescribed under the Act there will be huge penalty .

Kindly reframe your query.

There is no issue in depositing cash in bank. But during assessment income tax department may ask for source of such funds.

Hello,

Capital Balance and Bank Balance are two different things. For a better resolution to your query, you need to provide more information regarding the transaction.

I hope this answer satisfies your requirements.

Regards,

CA Hunny Badlani

Capital does not mean cash & bank bal only it includes all movable & immovable assets so can deposit cash in bank but source of such cash to be given whenever needed.