Cash Transaction New Limit in Income Tax 2023-24 | Cash Transaction not Allowed in Updated List

Cash Transaction New Limit in Income Tax 2023-24 | Cash Transaction not Allowed in Updated List
🔍 Stay Informed! In this video, we dive into the latest updates in Income Tax regulations for 2023-24, specifically focusing on the new limits and restrictions on cash transactions.

💼 Whether you're an individual taxpayer or a business owner, understanding these changes is crucial to ensure compliance and avoid penalties. The Income Tax department has introduced significant updates, and we're here to break them down for you.

In this video, we'll cover:
👉 New cash transaction limits and thresholds
👉 What constitutes a cash transaction
👉 Implications for taxpayers and businesses
👉 How to adapt to these changes and stay tax-compliant

Our goal is to provide you with the latest, most accurate information, helping you navigate the evolving landscape of tax regulations. Knowledge is power, and we want to empower you to make informed financial decisions.

If you find this video informative, please hit the thumbs up button and share it with others who may benefit from this information. Don't forget to subscribe and click the notification bell so you never miss an update on important financial topics.

Remember, financial literacy is the first step to financial success. Let's stay on top of these changes together! 💰💼📈

#incometax #cashtransactions #taxupdates #financialliteracy #2023TaxChanges

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#StartRootFinTech
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DISCLAIMER
The opinions, conclusions, information's, contents, instructions, documents, advices, references or otherwise whatsoever called in this video only for education and awareness purpose only and don't be considerable as legal advice in any way. Also we don't accept any liabilities or otherwise whatsoever, any type of losses caused directly or indirectly by the use/reliance of any video. Prior to acting/believing upon the video, you are required to take legal advice from your Tax/Legal/Professional consultant.

[MaheshJain-sh]

is this apply to domestic pvt. ltd. companies?

[neharikajaiswal]

sir share market se income ka tax ladies aur gents ko same hai kya

[madhurgarg]

Pls help me sir
For example i have b2b supply. And i sales goods on credit of rs 30k in april, 20k in may, 40k in june, and so on, and total amount of all invoices in finincial year is 5lakhs, and non of the bill is more then 50k amount, buyer sent only 1lakh rtgs, and give 5000, 10000, per week cash payment. Whole pending 4lakh amount received in cash in different intervals, non of the payment is more then 10k in one time. All supply is to single party So it is legal ?

[ajbarryparker]

Sir mai 1crore ka property sell kar raha hu aur us paise ko apne saving account me le leta hun aur uske baad naya property lunga to paise phir 1cr transfer karunga to kuch problem create hoga kya.. sir please reply

[mohitbansal]

Sir
Mera cab service ka business hai
maine ek old car sale ki hai company to company (both gst registered) but sale price less than book value (loss me ) kya gst lagega sale bill par ya nai
Please suggest