Скачать или смотреть Never ignore these rules while dealing in cash

Never ignore these rules while dealing in cash #shorts

🚨 Important Cash Transaction Rules You Must Know! 💰

In this short video, I’ve explained key cash-related rules everyone should keep in mind to avoid legal trouble 👇

• Rule 1 – Cash Receipt Limit
Limit: Never accept ₹2,00,000 or more in cash
Condition: From a single person, in a single day, or in aggregate

• Rule 2 – High Cash Deposits Reporting
Savings Account: Cash deposits above ₹10,00,000 in a financial year
Current Account: Cash deposits above ₹50,00,000 in a financial year
Impact: Banks are mandatorily required to report these to the Income Tax Department

• Rule 3 – Credit Card Payments
Restriction: Never pay ₹1,00,000 or more of credit card bills in cash

• Rule 4 – Record Keeping Habit
Best Practice: Always keep bills, invoices, receipts, and supporting documents for all cash transactions

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Disclaimer: The information provided in this video is for educational and informational purposes only. Any investment decisions based on this content should be made only after consulting a SEBI-registered financial advisor. I am not responsible for any profits or losses resulting from actions taken based on this information. Please consult your financial advisor before investing.

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