1. Don’t accept cash of Rs 2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion.
2. Don’t receive or repay specified sum exceeding Rs 20,000 or more in cash for transfer of immovable property and use account payee cheque or account payee demand draft or use of electricity clearing system through a bank account.
3. Don’t pay more than Rs 10,000 in cash relating to expenditure of business/ profession,else no deduction permissible.
4. Don’t donate in excess of Rs 2,000 in cash to a registered trust or political party.
5. Don’t pay health insurance premiums in cash and if you do than no deduction available.
The aim is to be on the right side and toe the beaten path and you will be a happy and satisfied man as even a single notice from income tax department can make you lose your sleep. If you want to trade in stock market and wanna make profit calmly, than consider checking our Best Intraday tip which finishes by 11 Am with profit.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
