More Than Rs 20,000 Cash Transactions Can Cost You 100% Penalty: Check Now Before It's Too Late

Mitali , Last updated: 08 October 2025 Share Follow on Google News

Individuals now need to be aware of the rules regarding cash transactions as you cannot accept or give more than Rs 20,000 in cash for loans, deposits or specified sums, as exceeding specified limits can lead to a 100% penalty from the Income Tax Department. Section 269SS: Restrictions on Receivi

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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More Than Rs 20,000 Cash Transactions Can Cost You 100% Penalty: Check Now Before It's Too Late

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