Скачать или смотреть 84% Tax on Unexplained Cash | ₹20,000 Cash Loan Penalty | Income Tax Rules Explained

Many people still deal in cash without knowing the serious consequences under the Income Tax Act.

📌 Unexplained Cash
If you cannot explain the source of cash found or deposited, the Income Tax Department may levy tax and penalty together which can go up to 84% under applicable provisions.

📌 Cash Loan Rule (₹20,000 Limit)
Giving or receiving a loan of more than ₹20,000 in cash is prohibited.
Violation may attract a penalty equal to 100% of the loan amount.

✅ Always use bank transfers
✅ Maintain proper documentation
✅ Stay compliant and avoid penalties

This video is for educational and awareness purposes only.

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