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
Many banks offer high fixed deposit interest rates for senior citizens.
If you spend more than Rs 10,000 for a business, it will be added to your profit amount.
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.
