Bank Transaction Limits for Income Tax on Cash and UPI payments

I have discussed about the limits of banking transaction for Income Tax notices, If any person remains careful about the limits of banking transaction, then he/she can avoid income tax notice to much extends.

Topics covers under this video are :

00:00 Introduction of Banking transaction limits for Income Tax
00:21 Where income tax department get information about banking txns.
01:27 Cash deposit and withdrawal limit for income tax depts
01:42 source of information for this video
02:36 general limit of 10 lakhs for cash deposit and withdrawal
04:29 unexplained cash deposit
05:15 20000 cash deposit limits on loan accounts
05:59 100000 Cash deposit limits in credit card bill payment
06:27 how much balance in bank account do not attract it notice
07:32 TDS on cash withdrawal above 20 lakhs
09:30 income tax on upi transactions
12:44 GST is required for more than 40 lakhs transaction in Bank Account

Murari Garg
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