Cash Deposit Rules: Income Tax imposes a penalty of 60% on such transactions

Gautam Bharthry , Last updated: 28 July 2023  
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Cash and Deposit Rules of Bank In India, the rules regarding cash deposit and withdrawal are very strict. If you also frequently deposit and withdraw cash in the bank, then you should know these rules. It has recently been decided by the Reserve Bank of India to withdraw the 2000 rupee banknote.

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Published by

Gautam Bharthry
(Auditor & Tax)
Category Income Tax   Report

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