Will you get tax notice on Cash Deposit & Withdrawal? , Money Live

Do you know that income tax notice does not come only on earning more, but income tax notice also comes on how much cash you are depositing in the bank account or how much you are withdrawing. Therefore, the income tax department has set some rules for them. If you ignore them then income tax notice will come to your house. So let us know about these rules further in the video. The first thing is not to deposit more than Rs 10 lakh in cash. Because if you deposit more than Rs 10 lakh in cash in any bank account in a financial year, then the bank in which you have deposited informs the income tax department about this, so always keep an eye on your big transactions. And definitely show this amount in your ITR. For all the information related to this, please watch the video till the end.