downloadDownload The App

All you need to know about rules for cash transactions

No purchase can be made in cash above Rs 2 lakh. Also, TDS will be levied on withdrawing cash above Rs 2 crore from banks

  • Last Updated : April 5, 2021, 11:51 IST
1/6
The central government has become increasingly strict with respect to cash transactions and several guidelines have lately been issued in this regard. Let us take a look
The central government has become increasingly strict with respect to cash transactions and several guidelines have lately been issued in this regard. Let us take a look
2/6
Many banks offer high fixed deposit interest rates for senior citizens.
Many banks offer high fixed deposit interest rates for senior citizens.
3/6
All you need to know about rules for cash transactions
4/6
All you need to know about rules for cash transactions
5/6
If you spend more than Rs 10,000 for a business, it will be added to your profit amount.
If you spend more than Rs 10,000 for a business, it will be added to your profit amount.
6/6
Donations above Rs 2,000 cannot be made in cash. Also, there is no tax rebate on medical expenses in cash above Rs 5,000.
Donations above Rs 2,000 cannot be made in cash. Also, there is no tax rebate on medical expenses in cash above Rs 5,000.
Published: April 5, 2021, 11:51 IST

Download Money9 App for the latest updates on Personal Finance.

Related

Latest

close