Income Tax Penalty on Cash Transactions | Income Tax Limit for Cash Transactions ft

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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[@udaygupta9316]

Superb explanation,Dil khush ho gaya 🙏

[@sougatachattopadhyay3148]

Good Morning Boss, Thanks for Useful Information. God Bless.

[@mangeshjadhav3372]

Thank You Sir for this informative video 😊

[@sureshr5282]

Very good explanation

[@Sonuthakur-me3qu]

Sir ek baat samajh main nhi aai 1 financial year main hum ek person se 2lakh se jada nhi le sakte kya.

[@jarnailaulakh7453]

Very good information.Thank you Sir.

[@Rajeevblogs98]

Sir very very usefull video thanks

[@pawanprabhakar202]

Very nice and knowledgeable presentation.

[@samanthaj1467]

Aap ne KZbin par discuss kiya aur notes daal rahen hain telegram channel par! KZbin par kyun nahi?

[@firtu..rathiya]

Bahot best jaankari sir ji🙏🙏🌹

[@Sonuthakur-me3qu]

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

[@narayanjayaramchawda7342]

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?

[@ps-gh3hu]

Bahut hi badhiya guru

[@aman360]

Sir blood relations me bhi nhi le skte 20000 se jyada

[@buntyverma5492]

Nice information sir

[@DpMitmax1515]

Sir a party se poore year me kitna cash lena hai

[@thewinners9834]

Sir mera tata caoital ka emi 37000 hai, to ispe kya koi issue hoga ??

[@umashankar400]

Thank you so much 🙏

[@yogeshpimple2860]

Thanks

[@itsvinitsingh]

Thank you so much sir 🙏🙏🙏🙏

[@raghunathachrekar1736]

Whether we can purchase regular goods on cash payments exceeding limit

[@parvezraihan6005]

Business expenditure address to irrespective of capital expenditure and revenue expenditure ?

[@mdomer5439]

Sir when is tax audit course going to launch?

[@AbdheshKumar-so5lf]

Thanks. Sir,

[@Faisal-nv9yu]

Thanks you sir

[@laxmikantatung1133]

if i m gst payer, Can I purchage 4 lks of good using 3 lakhs NEFT and 1 lakh cash from Supplier.Kindly answer

[@brgnanendra1378]

Sir any problem on cash withdrawal

[@jeetthakur9615]

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

[@nbpant4690]

Very informative and excellent method of explaining thanks pse

[@rasikbhaiparmar3799]

vgyu8😅😊😊

[@gobaraGanesh]

Tq

[@nextexamlaw3267]

Thank

[@meeheepsahu9674]

Current account k atm se cash deposit karenge to kya ise bhi one yr 50 lac limit me add hota h

[@navedaziz3625]

Sir sabhi penalty sirf receiver par hi h kya ya fir giver par b penalty h ?

[@PriyaSingh-nr8kr]

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.?

[@pradeepshende9416]

Our office me jo sales staff hota hai unhe tour imprest kitna de sakte hai cash me

[@rinku9690]

40(A)3 me expenses matlab ki purchase of goods ya phir normal business expenses????

[@mdsohrab1021]

Sir gst registered person se bhi 2 lac ke andar single day me receive kar sakte hain ?

[@careforuassociates330]

Super🎉

[@sandiplunawat7234]

Vehicle insurance cash payment? For business allowed,

[@lokeshwarichaudhari3536]

Sir proprietor apne firm me cash me kitna tak amount daal sakte hai..?

[@curious1245]

👍 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 🙏

[@bhajanbhaktibhagwan]

Sir if cash payment above 20000 done on which tcs ia collected by supplier than also whether it is also to added to income of assessee full amount...what is the treatment sir please help

[@dintakurthivenkatarameshba8080]

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

[@brijeshpatel9317]

Sir but jo tv ka 1 lakh cash pay kar raha hai wo bhi businessman hai to uske par to penalty lagegi na?

[@kanzariyaashvin4228]

Agriculture machinery farmers Ko sales kare to farmer cash me paisa deta he...kya penalty lagegi...eg. thresher machine, tractors etc

[@sarcasticaloo2220]

SIr, what If I pay a farmer 10 lakh in cash to buy agriculture produce, is it allowed...

[@ajaykerketta8466]

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??

[@Goforshorts]

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

[@vikramjeetray4939]

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

[@robishankaradak9380]

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

[@manoharmehra1033]

Very well explained as always

[@user-hs4ep7my4e]

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

[@metrix95]

Cash purchase Limit ?

[@Skk-hi6wz]

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 🙏

[@user-iy3fp8cv1z]

Pdf Link Daliye Sir Please...

[@amareshmondal498]

Please make video for return of trust

[@har8409]

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?

[@yogeshrawat0210]

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

[@yogeshrawat0210]

Vivek sir reply please

[@ramudgaryadav2760]

Sir plz with section

[@rajestate4364]

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???

[@jigarthakor8878]

Me b.cm me study kar rahahu me taxicion keshe kar sakta hu llb me

[@user-sumit87]

Purchase ke against mai kitna cash payment kar sakte hai sir

[@lumbonexproperty5229]

10k

[@ramamoorthysarangapani7258]

English version pl

[@jeetthakur9615]

Plzz sir ji 🙏 help for it

[@curious1245]

Sir supplier(seller) ko maximum limit kya hai cash pay karne ki per day and per year?

[@vakassorathiya162]

Same question my...

[@yunusmansuri9567]

Sir tax audit extension bs 15 days

[@RohitJain-gx7xv]

Cash withdrawl include bearer cheque?

[@mangeshjadhav3372]

Yes

[@mangeshjadhav3372]

It reflects as cash withdrawal even other person withdraw the money

[@akansha9784]

Sir, what about cash in divorce case because usually settlement done in lacs in cash mode of payment

[@mangeshjadhav3372]

It's not traceable to government so it's not highlighted

[@Goforshorts]

@@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

[@dragonballz3040]

👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻

[@pradeepshende9416]

Sir transport ke case me kitna cash transaction ke sakte hai? Kyo ki driver ko to cash hi lagta hai plz reply

[@akashdahima5992]

35000 at a time

[@pradeepshende9416]

@@akashdahima5992 correct 💯 thanks

[@jigarthakor8878]

Hi sir

[@vidyarao7930]

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

[@VIRALPARTS]

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

[@samanthaj1467]

Please be careful on what you say! You can leverage your contention at the time of casting your vote!

[@vishwanathsahu5435]

सर मेरा tds कट गया है exceed cash withdrawal होने पर लेकिन 20%के हिसाब से काटा गया है क्या ये सही है

[@akashdahima5992]

Update your pan card with bank

[@aftabhussain4138]

Pehle apne 10000 bola tha ab 20000 ho Gya advise me under 40 A3

[@gauravjain9566]

Sir kya main ek cash memo 50000 ka generate kar sakta hoon

[@FinTaxPro]

No

[@safstrolls]

Plz make english lecture

[@fakeubaby2203]

Sir cash invoice limit kitna hai

[@FinTaxPro]

200000

[@z-taxconsultancy5861]

You disclosed transactions in all his cash

[@nitiii___6673]

Sir paid course m notes uplod krdo plz ye

[@FinTaxPro]

Kar diya check kijiye

[@ravinderdeswal1857]

Sir bhut jyada diply jate ho

[@Alexandar766]

Sir this Rs.20000/- limit is per day or per month or per year

[@FinTaxPro]

At any point of time

[@sujitjoshi180]

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.

[@niharvora2848]

Me bahut se video dekhaye par ap je video koi nahi banata

[@kanzariyaashvin4228]

Please replay

[@Armaannk]

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

[@RohitSharma-sr6dy]

Sirf gundagardi chal rhi hai

[@jaishreram423]

26:02 😂😂

[@brijendrasingh4526]

नोट करलो नोट करलो

[@harrypatel1111]

20000 hi Liya hai to

[@icat5138]

👌👌👌👌👌👌👌👈

[@wahisajify]

Nonsense income tax rule

[@brijendrasingh4526]

20000 पहले था Present में 10000 ही है, जैसा आप दूसरों को बोलते हो आप खुद पहले रिसर्च कर लो ।

[@FinTaxPro]

konse section ki baat kar rake ho?

[@smomin9935]

Sahi to hai Cash expenses limit 10000 hai Aur loan in cash limit 20000 hai sir

[@FinTaxPro]

@@smomin9935 Pata nahi Bijendra n konsa act pad liya :)

[@rinku9690]

expenses matlab ki business expenses ya phir purchase of goods ???

[@alokdixit4986]

10k ki limit sirf expense pr hai ya fir sir goods ya service purchase pr bhi hai

[@nitiii___6673]

Sir cash m agar Salary 10000+ deta ho tb bhi restricitions h kya?

[@mangeshjadhav3372]

It's for all kind of transaction