Does the Income Tax Department Track Cash Transactions in 2026? Safe Limits, Rules & Penalties
OFFICIAL ADVISORY 2026 Immediate Action: For 2026, we recommend keeping your annual cash deposits below ₹10 Lakh in savings accounts and ₹50 Lakh in current accounts. Strictly avoid accepting cash receipts of ₹2 Lakh or more from a single person in a day, as Section 269ST carries a 100% penalty. 📊 Executive Summary: Income Tax … Read more