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Cash Deposit Limit As Per Income Tax In Telugu - How To Avoid Income Tax Notice | Kowshik Maridi

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Cash Deposit Limit As Per Income Tax In Telugu - How To Avoid Income Tax Notice | Kowshik Maridi


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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