{"id":58323,"date":"2026-02-08T19:05:53","date_gmt":"2026-02-08T13:35:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=58323"},"modified":"2026-02-08T19:05:53","modified_gmt":"2026-02-08T13:35:53","slug":"cash-deposits-in-another-bank-by-a-banking-company","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/cash-deposits-in-another-bank-by-a-banking-company\/","title":{"rendered":"Cash deposits in another bank by a banking company"},"content":{"rendered":"<p>1.As per RBI guidelines and internal circulars, various branches of a\u00a0 cooperative bank deposit cash received from customers into nationalised banks. Since the volume is large , supporting documents were not filed. Whether the same can be taxed under section 69A<\/p>\n<p>2. Similarly, liabilities of a bank comprise mainly deposits by customers of various nature, savings bank, current accounts, term deposits etc. Again, due to large volume,supportings could not be filed but explanation was provided. Whether the difference between the opening balance and the closing balance of liabilities can be considered unexplained under section 69A on the assumption that all previous year&#8217;s liabilities have been discharged.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[1311],"class_list":["post-58323","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-section-69a"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/58323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=58323"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=58323"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=58323"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=58323"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=58323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}