CBDT notifies reporting of cash deposit b/w 09.11.2016 to 30.12.2016

Sl. No.Nature of transaction Value of transaction(1)(2)(3)“10.

Deposit with,-

(i) a banking company or a co- operative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in
section 51 of that Act);

(ii) Post Office.

Cash deposits,-

(i) exceeding fifty thousand rupees during any one day; or

(ii) aggregating to more than two lakh fifty thousand rupees during the period 09th November, 2016 to 30th December, 2016.”.


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