Cash Deposit in Bank Income Tax Malayalam |CA Subin VR

In this video, we are discussing everything you need to know about depositing and withdrawing cash from your savings bank account. We cover the government-prescribed limits, income tax implications, and restrictions on online transactions, to ensure that you stay compliant with the law while conducting cash transactions. If you need any clarification/opinion viewers may contact / WhatsApp 7012243098 If you would like to contact CA Subin VR directly you can book a time slot by messaging above number. Or can send message to the below direct link https://wa.me/917012243098 Are you aware of the rules and regulations for depositing and withdrawing cash from your savings bank account? In this video, we cover everything you need to know to avoid any issues that might arise while conducting cash transactions. First and foremost, there are limits prescribed by the government for cash transactions. If you exceed the prescribed limit, you may be subject to income tax scrutiny. It is important to know these limits and adhere to them while depositing or withdrawing cash. We discuss these limits and explain how to stay compliant with the law. Furthermore, if you deposit or withdraw cash in large amounts frequently, you may get an income tax notice. The government has strict laws and regulations to prevent tax evasion, and it's essential to follow these rules to avoid any legal issues. We provide tips on how to stay within the prescribed limits and avoid any income tax scrutiny. Moreover, online transactions are also subject to certain restrictions. Online payment platforms like Google Pay, Phonepe, and Paytm have daily transaction limits for both the amount and frequency of transactions. We explain these limits and provide guidance on how to use these platforms safely and legally. In addition to these regulations, there are also specific rules surrounding SFT (Statement of Financial Transaction) transactions. SFT transactions include cash deposits, fixed deposits, and more. We cover these transactions and how they impact your income tax returns. Finally, we discuss Section 194N of the Income Tax Act, which mandates TDS (Tax Deducted at Source) on cash withdrawals above a certain limit. This is another aspect of cash transactions that is essential to understand to avoid any legal issues. We explain the impact of Section 194N on cash transactions and provide advice on how to navigate this rule. In conclusion, this video covers all the important aspects of cash transactions from your savings bank account. We hope that this information will help you stay informed and compliant with the relevant rules and regulations. By following these tips, you can conduct your transactions with confidence, without worrying about any legal issues that might arise. Viewers may also check for other articles and similar contents at the below links.   / krishnanisation   https://www.instagram.com/subins_clic... https://www.facebook.com/CA.Subin.VR/... For share trading inputs: https://t.me/keralaoharivipany https://t.me/kovtelegram Disclaimer: This video is intended for education purpose only and not for the purpose of soliciting business. The viewers shall take professional advice before taking any decisions on the matters specified in the video. The matters discussed in the video may subject to change due to amendments in various Acts/Rules etc. This channel will not responsible for any damages caused to the viewers. for the detailed information on disclaimer please visit the link below. https://www.termsfeed.com/live/0f12f3...