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will there be any question from the IT when i deposit my dad money to my bank account?

hi, i am a student... my dad is a business man... (real estate).. when i deposit my dad money to my bank account... will there be any problem with IT.. because all banks ask for PAN no now-a-days... so will there be any enquiry regarding it... will it be checked through PAN no.. pls help me.. than k

If the amount is small, nothing to worry. At the same time if you deposit Rs.10 lakhs or more in cash, then it may lead to problems. Rs.10 lakhs means the total deposits totalling 10 lakhs in a financial year. The example is given below .

2,00,000 cash deposit on 1.4.09
1,00,000 cash deposit on 15.6.09
3,00,000 cash deposit on 21.9.09
0,50,000 cash deposit on 5.11.09
2,50,000 cash deposit on 15.11.09
1,50,000 cash deposit on 31.3.10
-----------
10,50,000 cash deposit in a financial year exceeded rs.10 lakhs.

The banks are suppose to inform to the Income Tax department about all the accounts who have deposited Rs.10 lakhs or more in their SB A/c in a financial year. It is called AIR .

At the same time you are also suppose to inform the department about it in your return .

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How should I ask my dad for money?

My mom and my dad separated when I was about a few months old. My dad really hasn't gave me money or gotten me anything since I was 6 and I am 12 now. He keeps wishing me a happy birthday but he doesn't ever buy anything or give my money. He doesn't even pay child support.

He's your father, think of it like this, if he really care about you, he wouldnt mind giving it to you when you ask.