Cash deposit more than 50 lakhs in saving bank account, Income Tax

[SHAAN NISHA]

Hi Everyone,
if i fill my return u/s 44ae and cash deposits in my saving bank account during the year is more than 50 lakhs than what kind of justification/ we need to submit here. if get notice for submitting of justification for depositing cash more than 50 lakhs in saving bank account???. And what is the limit of depositing cash in current account and saving bank account in a FY Upto which no information sent to IT Department By Bank? Or we need to submit justification or prove source of income?
Thanks In Advance

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

You have to prove the source of income and also the justification of such deposit in your account.