Income Tax Penalty on Cash Transactions | Income Tax Limit for Cash Transactions ft
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- čas přidán 10. 09. 2022
- In the Indian economy, cash transactions have always played a major role and serve as a consistent reason for the accumulation of black money. The Government has recently initiated various measures to curb cash transactions and boost digital payments. In this article, we look at the cash transaction limit under the Income Tax Act along with the penalty for transacting in cash over and above the specified threshold. In this session we have discuss Income Tax Penalty on Cash Transactions | Income Tax Limit for Cash Transactions
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Superb explanation,Dil khush ho gaya 🙏
Thank You Sir for this informative video 😊
Good Morning Boss, Thanks for Useful Information. God Bless.
Sir very very usefull video thanks
Bahut hi badhiya guru
Bahot best jaankari sir ji🙏🙏🌹
Very nice and knowledgeable presentation.
Very good information.Thank you Sir.
Thank you so much 🙏
Thank you so much sir 🙏🙏🙏🙏
Nice information sir
Very good explanation
Thanks. Sir,
Thanks you sir
Very informative and excellent method of explaining thanks pse
vgyu8😅😊😊
Thanks
Thank
Aap ne CZcams par discuss kiya aur notes daal rahen hain telegram channel par! CZcams par kyun nahi?
Sir ek baat samajh main nhi aai 1 financial year main hum ek person se 2lakh se jada nhi le sakte kya.
Tq
Super🎉
Very well explained as always
Sir 20k se upar ka hi toh cash nhi le sakte lekin 20k tak toh le sakte hai and usse Kam upto 20k tak ka bhi nhi Lena hai kya ya upto 20k tak le sakte hai usse uper nhi
Sir when is tax audit course going to launch?
Sir aap ki sabhi video use full Mai bahut kuch sikh raha hu sir plz itr 3 me video banye kaise file kaise fil kare from aur kya jaruri hai
Please make video for return of trust
Kisan cash credit ac is not a savings account. In my TIS my transaction in my kisan cash credit ac has been clubbed with my s/b account. how to rectify it?
Sir blood relations me bhi nhi le skte 20000 se jyada
Business expenditure address to irrespective of capital expenditure and revenue expenditure ?
Sir mera tata caoital ka emi 37000 hai, to ispe kya koi issue hoga ??
Sir a party se poore year me kitna cash lena hai
Sir ji please help for it
buSsiness me kisi purchase pr cash payment kitni kr skte hai kitni last limit hai amount ki cash me pay krne ki
Whether we can purchase regular goods on cash payments exceeding limit
Sir gst registered person se bhi 2 lac ke andar single day me receive kar sakte hain ?
👍
सर क्या एक प्रोपराइटर शिप फर्म अपने सप्लायर को परचेज की बैलेंस पेमेंट 2लाख कैश में कर सकती है दस दस की अलग अलग डेट पर? कोई पेनाल्टी तो नहीं लगेगी? परचेज के 2 बिल मई_ जून के है 3 लाख के और पेमेंट अगस्त और सितंबर में होनी है। कृपया बताइए 🙏
Sir plz with section
Sir sabhi penalty sirf receiver par hi h kya ya fir giver par b penalty h ?
Our office me jo sales staff hota hai unhe tour imprest kitna de sakte hai cash me
Current account k atm se cash deposit karenge to kya ise bhi one yr 50 lac limit me add hota h
Purchase ke against mai kitna cash payment kar sakte hai sir
10k
Sir proprietor apne firm me cash me kitna tak amount daal sakte hai..?
if i m gst payer, Can I purchage 4 lks of good using 3 lakhs NEFT and 1 lakh cash from Supplier.Kindly answer
👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
Agriculture machinery farmers Ko sales kare to farmer cash me paisa deta he...kya penalty lagegi...eg. thresher machine, tractors etc
Sir, I recently went to audit a restaurant where they have take 30,000 in cash for a party at their banquet.
What's the limit for cash sale transaction for cafes and hotels.?
40(A)3 me expenses matlab ki purchase of goods ya phir normal business expenses????
Sir any problem on cash withdrawal
Sir but jo tv ka 1 lakh cash pay kar raha hai wo bhi businessman hai to uske par to penalty lagegi na?
Hello Vivek sir I am great fan of you the way of teaching concept is amazing you are great sir I m follow you last few months
1) if I sales to person over 10 lacs in 10 transaction or bills on same day should I take cash payment on different dates
Is Income tax penalties arise?
2) we can use expense in business in 4 cash transaction amount below 10k
Can I do this expense?
Please clarify
I think both cashes income tax not arise
Vivek sir reply please
Hello Sir, Me Recharge Ka kaam karta hu. usme mujhe upi se balance load karna parta hai, monthly 50k ka recharge sale karta hu. or mere khud ke naam pe current account hai. to isse income tax ka problem hoga??
Vehicle insurance cash payment?
For business allowed,
I sold a flat in 17 lacs in which 16 lacs in bank draft & 1 lac in cash. Is this cash transaction is ok?? Please reply
1Q. Like that main 2 lakh ka invoice banaya and cash receipts 2 lakh kita after 2 days ek hor invoice banaya 2 lakh ka to income tax panelity apply hogi ya nahi
Can anyone tell me that repayment of the loan using cash over Rs 20,000 is a violation of the rules that belong to a cash transaction as per income tax act
SIr, what If I pay a farmer 10 lakh in cash to buy agriculture produce, is it allowed...
Sir can i receive from a registered customer more than 2 lakhs for many invoices. And receive more than 20000 for many invoices in a single day
Sir यदि कोई ग्राहक A और उसका भाई B दोनों मिलकर ढाई लाख रुपए की एक गाड़ी खरीदते हैं जिसमे A एक लाख कैश में और B डेढ़ लाख कैश में पेमेंट करते हैं जबकि गाड़ी A के नाम पर खरीदी जाती है तो क्या ये 269 st का उल्लंघन होगा या नहीं?
Plz reply करें 🙏
Such. Rediculous rules. It Looks like every citizen has to have a C A at everyday transactions. Govt has gone crazy.and has phobia to black money
these are all controls techniques governemnt and banks want the entire data so they can control it .... donot fall for it use cash instead in 99% cases
Please be careful on what you say!
You can leverage your contention at the time of casting your vote!
Hi sir
Sir supplier(seller) ko maximum limit kya hai cash pay karne ki per day and per year?
Same question my...
English version pl
Cash withdrawl include bearer cheque?
Yes
It reflects as cash withdrawal even other person withdraw the money
Pdf Link Daliye Sir Please...
सर, मै हर साल इनकम टॅक्स फाईल करता हू इस साल मैनै एक दिन मैन सविंग बँक मे 450000 कॅश जमा किया तो ? मै एका दिन मै बँक मै कितना कॅश जमा कर सकता हू इनकम टॅक्स मै कोई प्रॉबलम तो नाही होगी? Please solution?
Sir, agar koi mujhe 30lacs ka amount tranfer kar deta hai mere bank account me (through neft) to kya income tax ka notice aa jayega kya???
Cash purchase Limit ?
Sir, what about cash in divorce case because usually settlement done in lacs in cash mode of payment
It's not traceable to government so it's not highlighted
@@mangeshjadhav3372 I sold a flat in 17 lacs in which 16 lacs in bank draft & 1 lac in cash. Is this cash transaction is ok?? Please reply
Me b.cm me study kar rahahu me taxicion keshe kar sakta hu llb me
Plzz sir ji 🙏 help for it
Court me ya konse bhi kaam ke liye stamp paper lana ho to cash maangte hai government ke log hi. Unke liye koi rule nai, bas sab rule and strictness aam aadmi ke maathe maarna hai aur jo businessman loan leke bhaag jate hai unse paise wasul kar ke unke upar action lene ki himmat nai hoti goverment ki.
Sir transport ke case me kitna cash transaction ke sakte hai? Kyo ki driver ko to cash hi lagta hai plz reply
35000 at a time
@@akashdahima5992 correct 💯 thanks
Plz make english lecture
Sir tax audit extension bs 15 days
Sir paid course m notes uplod krdo plz ye
Kar diya check kijiye
Sir cash invoice limit kitna hai
200000
Sir kya main ek cash memo 50000 ka generate kar sakta hoon
No
सर मेरा tds कट गया है exceed cash withdrawal होने पर लेकिन 20%के हिसाब से काटा गया है क्या ये सही है
Update your pan card with bank
👌👌👌👌👌👌👌👈
26:02 😂😂
Please replay
Me bahut se video dekhaye par ap je video koi nahi banata
You disclosed transactions in all his cash
Pehle apne 10000 bola tha ab 20000 ho Gya advise me under 40 A3
Sir this Rs.20000/- limit is per day or per month or per year
At any point of time
So the conclusion is that the tax officer wont accept any reasons he is interested to issue you a penalty, and banks are allowed to take cash to prove a person wrong later on
Sirf gundagardi chal rhi hai
Sir bhut jyada diply jate ho
नोट करलो नोट करलो
20000 पहले था Present में 10000 ही है, जैसा आप दूसरों को बोलते हो आप खुद पहले रिसर्च कर लो ।
konse section ki baat kar rake ho?
Sahi to hai
Cash expenses limit 10000 hai
Aur loan in cash limit 20000 hai sir
@@smomin9935 Pata nahi Bijendra n konsa act pad liya :)
expenses matlab ki business expenses ya phir purchase of goods ???
Nonsense income tax rule
20000 hi Liya hai to
10k ki limit sirf expense pr hai ya fir sir goods ya service purchase pr bhi hai
Sir cash m agar Salary 10000+ deta ho tb bhi restricitions h kya?
It's for all kind of transaction