Cash Deposit Limit As Per Income Tax In Kannada - How To Avoid Income Tax Notice | Sonu Upaddhya

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Cash Deposit Limit As Per Income Tax - How To Avoid Income Tax Notice
In this video, we will discuss the cash deposit limit in India and how to avoid getting an income tax notice. The Reserve Bank of India (RBI) has set a certain limit on cash deposits in savings accounts. Any amount deposited above this limit will be reported to the Income Tax Department (ITD). If the ITD finds that you have deposited cash above the limit without paying taxes, you could be liable for a penalty.
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DISCLAIMER
We are not SEBI Registered and this video is for educational purposes only and should not be considered as financial advice or an endorsement of specific investments. It is essential to conduct thorough research before making any investment decisions.