How much cash can you keep at home? Know every rule related to transaction

The central government is continuously taking steps to promote the digital economy in the country. Transaction of money should be completed safely. For this, the rules related to cash transactions are becoming increasingly strict. Therefore, let us know what rules the government has made for the transaction of cash in cash. Let us know that the limit of keeping cash in the house is not fixed. But it is important to tell the source of the cash kept at home.

Donations or donations of more than 2000 rupees cannot be made in cash. Also, there is no tax rebate on medical expenses in cash above Rs 5000.

If you spend in cash for business above 10 thousand rupees, the amount will be added to your profit amount.

Loans in cash above 20 thousand rupees can neither be taken nor taken. Fines will have to be paid for breaking this rule.

The amount above 50 thousand rupees can not be taken by going to foreign exchange.

No purchase can be made in cash above Rs 2 lakh. Apart from this, TDS will be levied on withdrawing Rs 2 crore more cash from the bank.