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Cash deposits up to Rs 2.5 lakhs won't be questioned: CBDT

Cash deposits up to Rs 2.5 lakhs won't be questioned: CBDT

Monday, February 6, 2017, 6:09 PM

Providing clarity on inspection of deposits made in banks post demonetization , I-T department said no questions will be asked about deposits up to Rs 2.5 lakhs and only those accounts will be examined that do not match the tax returns. “There is no need to fear for any genuine person. We will ensure there is no harassment to genuine person", said CBDT Chairman.
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