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  
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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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Mitali
(Finance Professional)
Category Income Tax   Report

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