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News
Savings Account Holders Attention! Transaction Beyond THIS Limit May Attract IT Notice
Savings Account Holders Attention! Transaction Beyond THIS Limit May Attract IT Notice News
Savings Account Holders Attention! Transaction Beyond THIS Limit May Attract IT Notice
15 Dec 2024
Transaction Beyond THIS Limit May Attract Income Tax Notice- Check Rules
Savings Account Transaction Limit in India: Have you ever thought about how much money you can keep in your savings account without getting a notice from the Income Tax Department? As per the rules, you shouldn't deposit or withdraw more than Rs 10 lakh in cash in a savings account in one financial year. If you go over this limit, the Income Tax Department might look into.
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