Savings Account में Cash जमा कर दिया | कैसे बचे Income tax से | Legal Way for CASH| By CA Sachin

All About cash Deposit in Saving Account. Have Any Queries Call/Whatsapp On
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Q1 How much cash can be deposited in savings account?
Cash deposits and withdrawals of Rs 10 lakh or more in a bank account in a financial year are required to be reported to the tax authorities, you need to be careful if you are exceeding the prescribed threshold. This limit is Rs 50 lakh and more in case of current accounts
Q2 Meaning of Saving Account?
All Saving Account, Joint account, Minor account where Your PAN attached or not, same branch saving account, other branch saving account considered.
Q3 How Avoid Income tax Notice?
Always use current account for cash and day to day activity and keep sources of CASH with document and supporting.
Q4 How Bank Report to the Income Tax department?
Bank send the details of cash deposit with address, PAN, Amount of cash deposit and account Number.
Q5 How Income tax verify the transaction?
Income tax Department verify the income tax return, old record and match the financial capacity to deposit the cash and ask the sources of cash.
Q6- How Satisfy the Income tax department
You need to proof that It is Not a black money and on emergency we deposit the cash in the saving reason. Complete Practical example mentioned in the Video .

[@ganeshmane8953]

एकदम प्रॅक्टिकल CA, thank you soo much सर 🙏🏻🙏🏻👍🏻👍🏻

[@anwarhusain7747]

All rules apply upon poor only, not on rich persons or politicians

[@sumansaurav3121]

True ... govt employees have lots of money doctor do job in private as well as in govt ..engineer do work in pwd as well as run coaching ...

[@Dhaval2910]

@@sumansaurav3121 Government employees ko to tax payment salary par karna hi padta hai par jo buisness karte hai wo income tax pay nahi karte e samjlo

[@prabhavsinghofficial]

@@Dhaval2910 Hanji jabhi to aadhe say zadatar log apni Job chodke Business kr rahein hain

[@sakuna007]

Jiske pass 80 lakh wala gareeb hai? 🤣🤣🤣

[@_Philosopher_]

@@sakuna007 poor in the sense "common man" not like garib....word "poor" has many meaning....🙂we normally say ohh poor boy if anything wrong happened to him.....that doesn't mean he is poor...kaise smjau jndo bc🥲

[@jyotiabhaypal5855]

Sir you explained the real things …. Else on you tube are just explaining the income tax provisions…keep sharing this kind of material …. Worth watching 👍🏻

[@HinaKhan-fm6xt]

Dc@.v Xdnc, jjj:

[@HinaKhan-fm6xt]

Ñ M

[@k.t.venkatachala1255]

Yes truly appreciate his efforts ❤

[@gagansharmaDevelopYourself]

अच्छी लगी आपकी वीडियो👍👍 अब आपकी सभी विडियोज देखूंगा।

[@s.j.d.b9560]

BLACK MONEY POLITICIAN KE PAAS HEI WAHA I.T. KI RED NAHI HOTI,,,😂

[@shubhamaggarwal5423]

ITR khud unse he chalta hai ..

[@spokenenglisheasyway753]

Mujhe Laga ki Maine playback speed badhai hui hai but check kiya to normal thi😂

[@rajgupta-kp5po]

Great way to explain . thanks a lot for this

[@expertcasachin]

Thanks Raj ji

[@raghavjaiswal215]

Bahut khoob sir 🙏🏻

[@rajrulani]

Sir bhut maza aaya sir ❤️❤️❤️

[@Yatri234]

Great explanation 👍 Thanks

[@kaisar717]

Kitne log is information se ghanta kuch nahi fark padta fir b dekh rahe he🤣🤣🤣

[@NileshPatel-un7zo]

Very nice style of explaining . Thanks 🙏

[@AryanRaj-ov6uj]

Thumbnails me jo hai wo video me to btaya hi nhi sir....... 1 Crore agr Lottery se aaye ya kahi aur se v aaye to kya Tax bhar ke baki ka paisa bachega ya uska Sources v puchega Tax dene k badh v....... agr aisa hai to baki Politicians & Officers kaise bachte hain

[@brijlal330]

You have to pay 30% tax 4% cess

[@mrrathour8047]

Thank you your video very effective

[@dustinhenderson1814]

Sir i am student and i deposits 6-7 lakh rupees in multiple accounts in last financial year. And pay my college fee in Canada. Is there any risk? Should i file ITR?

[@CrazyVINES2685]

after 2 year you will face problems i am also facing same reasons

[@dustinhenderson1814]

@@CrazyVINES2685 can you tell me in brief

[@vijaypalsingh5371]

Very very informative video.

[@expertcasachin]

Thanks

[@gaurab197]

Do I need to show the inherited money after my Fathers demise in ITR ...... If so How do I show it ?

[@mahendrasinghadvocate6351]

Very good Knowledge

[@expertcasachin]

Thanks 🙏

[@Rajnishanttips]

All rules apply only poor person...😭

[@satnambhatiagurgaon7675]

Very useful information sir. Also please inform how much cash one can keep at home

[@VijayKumar-cu9sk]

IF CASH WITHDRAWN EARLIER HAS BEEN UTILIZED SOME WHERE ELSE THEN HOW HE CAN CLAIM THAT CASH DEPOSITED IS OUT IF EARLIER WITHDRAWL.

[@Abhishek__Tiwari]

Hi sir, Mere grandfather k 5-6 bank mai account h.. abhi wo kaafi aswath chal re h to wo bol rahe h ki jo bhi unki fd's hai unko mai break krke apne account mai Neft karwa lu.. Abhi I'm unemployed since 5 months.. To sir mujhe kya karna chaheye.. Itr bharni hogi ya kya karna hoga.. Transaction saare cheque Neft se he hunge.. Amount is around 35 lakhs.

[@expertcasachin]

Must prepare a gift deed with oath with two witnesses on stamp paper and show this in itr For more advice and work contact on 9319333248

[@MuftiTouqueerBadar]

Plz record a video for share trading wich account saving or current account better for it?

[@Lovely_300]

Great Sir👍

[@gatherer532]

Sir please clarify SFT 002 which is for Savings account which says - Cash deposits aggregating to Rs. 10 lakh or more in a financial year, in one or more accounts (other than a current account and time deposit) of a person. My question is regarding term "Cash deposit" Question - This mean only cash deposit that is physical cash not NEFT/RTGS ? , if someone transfer 20Lakhs to my saving account via NEFT/RTGS will that be reported under this SFT ?

[@dr.rajeshkumarsingh1843]

Its applicable to online transaction also as whosoever transfer money need to mention your PAN number also😢. Everything reflects in your AIS under SFT.

[@gatherer532]

@@dr.rajeshkumarsingh1843Thanks, but if I myself transfer let's say 30 lakhs money from my own one bank saving account to my own saving bank account with another bank (That is Self Transfer between two bank accounts of same person so PAN is same ), will any of bank will report this Transaction in AIS ?

[@dr.rajeshkumarsingh1843]

​​​@@gatherer532If I am not wrong, it will be shown under only receiving bank. If bychance it shows both banks account than u can give feedback of DUPLICATE transaction. No problem in this case but must file ITR and mention your income cosidering 30 lakhs.

[@gatherer532]

@@dr.rajeshkumarsingh1843 What is the minimum amount receiving bank shows in AIS , means what is the SFT limit for the receiving bank to show ? Also if i transferred the amount to myself (Self transfer) from my account of one bank to my own bank account of another bank so PAN is the same in two accounts then also the receiving bank will show in AIS / SFT?

[@dr.rajeshkumarsingh1843]

@@gatherer532 I am not sure about the minimum amount....but maybe 10 lakhs and above is reflected in AIS. Regarding the second query, if you transfer a large amount then only the receiving bank will show in AIS. There is no problem if you self-transfer money in your account but if the amount is big i.e. above 10 lakhs than you should know the actual source of this income and should properly file in your ITR. Please correct me if I am wrong anywhere.

[@unionics]

Bihari log Core Core ke Dahej kaise dete hai kaunsa CA ko pakad te hain?

[@tk_jain]

Dahej to sab log dete hain bhai, bihar rajasthan andhra ya tamilnadu. India wide practie hai, kahi se bhi pata kar lo.

[@prsejkar4077]

बहुत सुन्दर प्रस्तुति

[@expertcasachin]

Thanks 🙏

[@cpo882]

agar galat ITR file ho gaya hai aur paisa bhi aa gaya . 2 saal pahle ki baat hai . to kya iski recovery aa sakti hai??

[@ishuverma6719]

Very Helpful Sir Thank You Very Much ✨

[@shreechawneshwar4790]

Very Good, Great information you had share, Explanation also very nice & Presentation. You are doing good job, helping people. Thanks for all information really great.

[@expertcasachin]

Thanks 🙏🏻

[@pranjal481]

Sir please let me know can I deposit cash directly in my personal loan and car loan accounts.. and will it bother the income tax department.?

[@expertcasachin]

Never avoid

[@copperyt1]

Sab uper se ja raha hai

[@cavijayraj1418]

Excellant

[@musicstatus3677]

Sar ki 2 ya 4 video dekho sab samjh aajayega

[@Kuldeepnath3028]

Sir I have purchase land higher than circle rate and after one year want to sale on circle rate can I do this

[@rupendradevgangwar8132]

सर जी शेयर मार्केट से एक करोड़ की प्रॉफिट कमाते हैं और सेविंग अकाउंट में विड्रॉ कर रहे हैं तो उसे पर टैक्स देना होगा या नहीं

[@ex-muslimshow4374]

Sir agar sara paisa online aye aur online jaye tab tax k bare me kuch btaiye

[@truehuman916]

Uss par koi problem nahi hoti. Kyoki wo kisi na kisi way se aaya hai jo pehle se hi kisi account se aaya hai. Bank sift black money jo cash form mein hai usse track karte hai...

[@expertcasachin]

Asa nahi hai Gourav ji It is also issue if transaction cross 20 lac online in saving ac See video on saving account

[@BipinThakurID]

@@expertcasachin sir please share the link

[@manishjangra7322]

@@expertcasachin sir video ka link bjo

[@Shuvode-go8jn]

Kuch hua ?

[@sdua1995]

keep this good effort going

[@expertcasachin]

Thanks 🙏🏻

[@mohsinnadaf6285]

Thanks a lot for making such informative videos!! So this is about getting IT notice after cash deposit. What about amount received via Netbanking (NOT cash), is there any limit on such amount that can be received and is that tracked too by IT dept.? Please clarify.

[@kalpanajani6026]

Sirji good very good guidence but speech ka speed bahoot hi hei thodi speed slow kijiye ga plz.reqest hei.

[@expertcasachin]

Dear now speaking slow I m trying 🙏🏻😎

[@mohsinnadaf6285]

@Sachin ji, any response to my question?

[@expertcasachin]

No limit but itr should file showing nature of receipts

[@mohsinnadaf6285]

Understood, Thank you.. 😊 Could you pls make a video on how to maintain Individual Current account, Tax implications on Individual unregistered businesses etc..

[@sachin0911_]

Sir cash deposits ka income source kaise dikhate hai or usape GST lagta hai kya mei 10 lakh current account mei deposit karne ja raha hu

[@dineshkumarsharma3755]

Sir, it this necessary to open a current account for share mkt trading like buy and sale of shares only. In my case I am a govt pensioner and have agricultural income which is showing in ITR every year. Now I want to know in my case current account is necessary or I may deal my shares with my Saving Account. Your video is very much informative. Thanks.

[@expertcasachin]

Not mandatory Use saving no issue

[@mistermehta6875]

Sir agar share market intraday trading karte hoon.. Toh current account tax bachega.. Comparison to saving account limit factor?? Please bataiye

[@svmusiccity722]

Nice video

[@expertcasachin]

Keep supporting dear thanks

[@KamalAggarwal-vs8cp]

Which 80% do not file ITR........many earn more than a gazetted office......prize must be given to true tax payer nd not higher tax payer.....how can 100%true tax paid by an employee exceed that paid by tax evador. Earning crores nd manipulating lacs.......

[@shivkapoor2465]

Valued advice but i wish it could be explained slowly . It was so fast that i could hardly follow. Wish siggestion is noted for future videos.Thanks

[@expertcasachin]

Yes trying slow 🙏🏻

[@ashvink1]

Speck slower and clearer with good quality of micro phone

[@asrajagopalan1697]

I have checked the video but in that RTGS deposit is not given i want to know is there any limit for RTGS transfer. Can we deposit crores from RTGS transfer in savings or current account is important to open

[@RIYAZTEXTILES]

Way of teaching excellent... Your voice resembles with Mohammad Kaif

[@expertcasachin]

🙏🏻

[@krishmanchanda-c4g]

​@@expertcasachin sir plz help me

[@mehulvyas5667]

This post is very helpful and knowledge sharing.

[@richasahai8364]

Sir in August my mom sold a property and by mistake we deposited 4.7 lacs in account on same day...this was from furniture and some from property proceedings we sold and all..she is 59 years old...doesn't file ITR ..in same account the DD amount of 14.7 lacs came two-three days later....now should we file her ITR for last year and then later for this year ..is there a fear of notice? We are okay to pay the tax ....n to fike ITR

[@expertcasachin]

Mam only on ph I can advise this as I need more information 9319333248

[@richasahai8364]

@@expertcasachin yes sir I sent you whatsapp...tell me a good time to call please

[@expertcasachin]

Anytime

[@richasahai8364]

Called twice sir no answer. Will call again in evening

[@kiranpal4371]

Sir apka vidio bahoot achha laga

[@expertcasachin]

Thanks dear keep supporting

[@ramchouhan2809]

Sir ,can we check online if IT department had send notice?

[@expertcasachin]

Yes will come on email id register in e filing portal and online in e proceeding also

[@keepitup216]

Sir, I have sold a plot in 25 lacs which was purchased 10 yrs back in 7 lac. Cheque amt of 25 lacs deposited in bank. Is there any tax liability???

[@cirinium]

Oh my god Maine 1 crore saving account me jama Kara Diya aur ab Bhai ki vidoe dekh rha hu kaise bachu income tax se.

[@TheVAIBHAVSHARMA7]

Nirmala tayi aane wali hai 😂😂

[@budhpriya3517]

Sir ji aapki bahoot acchi vedio hai

[@stockstudio7348]

Guys whenever your received notice than declare itself as insolvent

[@129prashant]

Sir, since when this rule of restrictions on cash transactions in case of property applicable.

[@expertcasachin]

1st June 2013 video main b bataya hai

[@allfun3170]

Sir m apna house sell kr rha hu 25 lakh m check se payment lu to ac m kaise jama hoga saving ac m 10 lakh ki limit hoti hai plz reply sir

[@worldtraveler0209]

Gazab sir ji . perfect info

[@brahamprakash6230]

explained in a very systematic and simple way so easily understandable, thanks

[@expertcasachin]

Thanks sir keep supporting and share as much as possible

[@aru4bade222]

Sir mujhai ek text aya tha ... Unhone kaha din ka transaction vo 10 lakh tak ka karenge our mujhai 5,000 din ka denge .. Sir kya mujhai yeah kam karna chahiye plzz reply sir

[@sushmasingh2511]

Main Abhi Koi Kam Nahin Kar Rahi Ak Deal Kavali Hai . Company se Company Ko Investment Karvai Hai 15 CR Mujhe Commission Mili . Commission10Cr RTGS Se Aayegi. Account main 1000Rs Hai .kaise manenge kare.or kitna tax lagega bata sakte

[@ifshazrealvlogs9634]

Kia hua apka khuch?

[@mdsaqlain7789]

Agr hamne online apna bitcoin becha hai aur uske paiso ko withdraw kiya hai to kya hoga aur withdraw 2 cr ka hai pleasee reply

[@hsb7791]

Bhai meri help karo please bohot karza hai mujhe 15 lakh Tak paise kamane ke jariya batana bhai please

[@smitak6783]

Sir Aap liblities ke uper ITR file ki information vedio dal dijiye income low liblities high

[@ravikushwaha6482]

Sir mai ek firm me job karta hu. Meri salary Rs. 10000 per month hai. Lekin company ne mere saving account me approx. 14 Lakh financial year me dala hai . Usme kuch online payment kiya hu aur kuch cash withdraw kiya hu. To kya mai income tax ke under me hu . Meri payment approx. 9 lakh Gem pe aur kuch other expenses the company ke the wo pay kiya hu Sir kya kru aage kya hoga please reply kariyega 🙏🙏🙏

[@asimdas7885]

End me keya hua

[@rakeshjain1855]

Dear sir aap na real estate ki accounting per video banao mai real estate ka account dekhta hun one month se per kuch samajh nahi aata hai kaise accounting karun

[@rakeshjain1855]

Sir aap help karo please

[@sharwansharma6139]

Bahut hi accha sir

[@shiazindabad835]

Thankyou very much Sir Ji..........

[@RajNandani-lz1mt]

Sir aap case lete hai kya apki fees kya hai

[@expertcasachin]

Yes contact on 9319333248

[@kamleshdeora007]

Sir illegal paise se FD krayi h Ab FD todne pr manager income tax paper manga raha h kya Kariu Solution dedo

[@tejasbansod3444]

Till 5 lakhs is it okay if someone is transferring money to me

[@iqbalji427]

tax chori nahee ek trah ka laggan h jo neta kha jate h ...bechare hum insan har chij p tax dete h ..biscuit se lekar tea tak ...feer bhee income p tax lete ...road p chalne par tax lete h ...har chij p tax ...humara paisa hume liye kamm nahee ata ...sare neta kha jate h

[@kgoshar2953]

Iam. Consultant and master in accounting. Ye bhai superb hai I will. Follow up. And. I will. Share. U r video with all. My client. Thank u. Sir Realy practical

[@expertcasachin]

All the best thanks for appreciating

[@informationtv19]

Bhai 60 70 percent income tax hi dena hai to kama ke kya fyda wo agar yearly income 50 to 1 crore aur ultra rich ke liye koi niam nahi

[@rcdiffrentfromall8070]

यदि लोन बैंक से लिया है और खाते में है तो क्या टैक्स के दायरे में वह पैसा आएगा।

[@avinashpandey4763]

Sir maine apna purana house 17 lakh me sell kiya bt dusri party ne registery me kewal 700000 hi show kiye hai .10 lakh cash me diye . Jisme se 4 lakh mere pitaji k account me jama kiye aur 6 lakh mere account me .mujhe pata nahi tha cash deposit limit k baare me . Dusri party ne apna tax bachane k chakkar me hame fasa diya .ab kya kare sir .please reply i am so worried

[@sidduheralagi1137]

Problem solved bro??

[@ajoybhowmick9049]

I want to sel a property of Rs. 7 croes. Purchaser wants pay One and half crores in cash. How to avoid income tax dept.

[@know.it.yourself]

Sir ji Please explain I followed every thing you said here I did proper loan agreement with my ससुरजी But I took cash in hand 5 lakh and deposited in my account Is it ok Please reply . He is farmer..no net banking.. no chequebook.. Urgency of money.. thats why cash taken..

[@expertcasachin]

No issue

[@skashyap4342]

Aeps chalte hi Jo withdraw krte hi usko bank me transfer krte hi To Kitna kr skte hi saving account

[@sa-jh4hg]

Sir mera saving ac he aur hdfc mutual fund money saving ac se deduct hota he sir tax pay karte time koi dikkat ayega kya plz bataye

[@anuraagsharrma]

Bad audio quality. Speech needs to be controlled , too fast.

[@expertcasachin]

Yes trying to improve sir

[@madhukardhruw5681]

Sir merii share market ki intraday ki profits 20 lakh hai agar itr file krta hu tho paisa kha se ktega demat account se ya saving account

[@hemantkumarkhatik7806]

Thank You Sir

[@dhananjaikandari2808]

Great sir aapka samjhane ka tarika bahut h sunder h j

[@nkrishnamys]

Sir ji, your microphone is very bad. Sound clarity is not there

[@expertcasachin]

Yes dear now in latest video sound good

[@nitinpandey3188]

If part of an agricultural land taken by government for the purpose of construction of flyover and the amount of land and royalty is transferred into the savings account then will it be a taxable income

[@expertcasachin]

No exempt hai income

[@rajasateredesai326]

AFTER YOUR daily Needs of business & Family ... CASH JYADA HAI TOH KHARCHA KARO ..Many luxurious Items Can be Brought to Sell Later when Needed..... Rest keep it in Safe to live lavishly on good Food/ Clothing/ Travel. / Health.....Distribute some among Needy Friends and Relatives as loan to repay & Donate few to Needy Friends Relative to help them Start business or health & portion for Cause of Dharma Gurukul etc .........A Few Crores will get Extinguished in Hours.😂 .....Maje Me Raho Karcha Karo , life jiyo Bank ka Muh Mat Dekho........ JAI SHREE RAM 🙏🚩🚩🚩🚩

[@nitinpandey3188]

My Mother wants to sell a rural agricultural land which is in her name, but want to know apart from the circle rate of the land the money she will get Is it taxable and is it safe to take circle rate in savings account and the other one in the form of cash OR the whole amount circle rate and extra amount is Exempted from Income TAX Kindly tell the safe procedure

[@expertcasachin]

I need discussion with paper for proper advice so request you either contact near ca or me on 9319333248 [e-mail]

[@Urvashi.goutam]

Sir i am 16 year old working as a affiliate so i have to open new account for affiliate or not

[@expertcasachin]

No need mam best wishes

[@sulabhachitre312]

U R a good actor but unfortunately it's difficult to understand your speech...

[@expertcasachin]

Mam i speak so fast initially but now improved

[@sunilmascarenhas7771]

Agar car or bike cash mi buy kiya to incom tax ky problem kar sakta hii???

[@satyamsinghal6930]

Sir my grandfather wants to transfer 10 lac rs as a gift deed from bank to bank. is there any problem in bank? Sir gift deed toh exempt hoti hai na from tax toh total annual income me gift deed add hoti hai kya?

[@pintuchavan3558]

Sir maine 1din me 2lakh se juada amount deposit kiya hai iska upay kya hoga sir please answer

[@salmanpinjari8818]

Sir mai crypto me trading karta hu mera SBI me saving account hai and usme mai 10 se 50 lakh Tak diposit kar sakta hu koi problem nhi ayegi yafir crore me

[@expertcasachin]

No issue but keep proper record and must file itr

[@Golumeenavlog143]

1 sal me 10 lakh ki earning karke apni jarurat mand chize buy kar rha hu 5 lakh case nikale and 3 4 lakh ki online transfer kar diya to kya itr fill karna h

[@expertcasachin]

Yes

[@nageshzore6182]

Lekin hackers कर पाएंगे

[@yeshwants7087]

Only politician can evade tax.

[@todayscomputerworld5049]

Sir ye cases sirf cash me hote hai ya online transaction jo bank to bank me hote hai unpe bhi lagu hote hai. Jaise agar meine bank to bank lakh ka udhar liya friend se aur use nikala nhi aur fir lauta diya bank se hi online mode me......to kya aisa case bnega , kyoki yha pe jo bhi transaction ho rhe hai wo to bank ke samne hai , source bhi dikh rha hai.

[@expertcasachin]

Sunday will upload video on same topic Must watch

[@rameshpatel5843]

Thanks for advice

[@expertcasachin]

Keep supporting 🙏🏻

[@vikasgolesar5002]

Very knowledgeable video sir

[@originrich6686]

Mai To Pehle Meta Futures Ke Demo Account pr Check krke Hi Aage Trades Lgata hu

[@sushnayak6162]

Sir, i am a student currently preparing for competetive exams, on July 2021 my cousin transfered 15 Lakhs on my saving account to buy some property the money was tranferred online from USA, i don't have any source of income what should i do i am clueless regarding income tax issues. Plzz help

[@supratimnag7844]

File a ITR with 15L income and claim 15L exemption as gift from sibling.

[@Handset561]

Deductor not yet given me form 16 but the TDS is showing properly under taxes paid , Income from salary is also showing properly . So now can I proceed with prefilled data and complete ITR directly Or Do I need to attach any document .

[@expertcasachin]

First collect form 16 then file

[@Handset561]

Thank you Sir

[@shrawanchoudhary2981]

Sir meri online shop ha or phone pay goolpay transaction bhut hota ha koyi problam to ny aya gi sir

[@expertcasachin]

Monthly amount of upi ?? Shop kis cheez ki hai

[@Handset561]

I received form 16 from employer. But I don't understand how to enter form 16 all details in my ITR form .

[@expertcasachin]

Contact on 9319333248

[@Handset561]

Thank you

[@moneydada7409]

Bahut hi badhiya..👌👍