{"id":6431,"date":"2023-11-06T18:22:25","date_gmt":"2023-11-06T18:22:25","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=6431"},"modified":"2025-12-31T15:38:08","modified_gmt":"2025-12-31T15:38:08","slug":"limits-cash-transactions","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/","title":{"rendered":"All about Limits &#038; penalties related to Cash Transactions"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-4020\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/When-to-say-NO-to-CASH...jpg\" alt=\"When-to-say-NO-to-CASH..\" width=\"1147\" height=\"554\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/When-to-say-NO-to-CASH...jpg 596w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/When-to-say-NO-to-CASH..-300x145.jpg 300w\" sizes=\"(max-width: 1147px) 100vw, 1147px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69da7d357f30f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69da7d357f30f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#All_about_the_Limits_penalties_related_to_Cash_Transactions\" title=\"All about the Limits &amp; penalties related to Cash Transactions\">All about the Limits &amp; penalties related to Cash Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#New_Cash_payment_Transactions_Limits_along_with_characteristics_which_may_have_negative_consequences\" title=\"New Cash payment Transactions Limits along with characteristics which may have negative consequences:\">New Cash payment Transactions Limits along with characteristics which may have negative consequences:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Cash_Payment_of_Health_Insurance_Premiums_facilities_-Disallowance\" title=\" Cash Payment of Health Insurance Premiums facilities: -Disallowance\"> Cash Payment of Health Insurance Premiums facilities: -Disallowance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Acceptance_of_Certain_Loans_and_Deposits\" title=\" Acceptance of Certain Loans and Deposits\"> Acceptance of Certain Loans and Deposits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Fixed_Assets_or_Capital_Expenditures_cash_payment_%E2%80%93_-Disallowance\" title=\" Fixed Assets or Capital Expenditures cash payment &#8211; -Disallowance\"> Fixed Assets or Capital Expenditures cash payment &#8211; -Disallowance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#LoansDeposits_must_Be_Repaid\" title=\" Loans\/Deposits must Be Repaid\"> Loans\/Deposits must Be Repaid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Consider_as_Deemed_Income_of_Year_Following_Year_of_Payment\" title=\" Consider as Deemed Income of Year Following Year of Payment: \"> Consider as Deemed Income of Year Following Year of Payment: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Cash_Donations_%E2%80%93_Disallowance\" title=\"Cash Donations &#8211; Disallowance\">Cash Donations &#8211; Disallowance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Additional_Cash_Transaction-_Permissible\" title=\" Additional Cash Transaction- Permissible \"> Additional Cash Transaction- Permissible <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Cash_Payment_expenses_-Disallowance\" title=\" Cash Payment expenses -Disallowance\"> Cash Payment expenses -Disallowance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Summary_can_be_presented_in_the_below_Table\" title=\"Summary can be presented in the below Table\u00a0\">Summary can be presented in the below Table\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Received_Income_Tax_Notice_for_80G_80GGC_Deductions\" title=\"Received Income Tax Notice for 80G &amp; 80GGC Deductions?\">Received Income Tax Notice for 80G &amp; 80GGC Deductions?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#What_is_the_notice_about\" title=\"What is the notice about?\u00a0\">What is the notice about?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caindelhiindia.com\/blog\/limits-cash-transactions\/#Common_Reasons_for_Notice\" title=\"Common Reasons for Notice\">Common Reasons for Notice<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"All_about_the_Limits_penalties_related_to_Cash_Transactions\"><\/span><span style=\"color: #000080;\">All about the Limits &amp; penalties related to Cash Transactions<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000080;\"><strong>Specified Cash Transactions Limits:<\/strong>\u00a0<\/span><\/p>\n<p>In recent times, the Income Tax Dept. released an E-Flyer detailing the cash transaction limitations and emphasizing the severe consequences connected to specific kinds of cash transactions. The Tax Department strongly advises taxpayers and business professionals to stay away from cash transactions completely because there could be serious consequences if they don&#8217;t.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_Cash_payment_Transactions_Limits_along_with_characteristics_which_may_have_negative_consequences\"><\/span><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/gst-income-tax-restrictions-on-cash-transactions\/\"><strong>New Cash payment Transactions Limits along with characteristics which may have negative consequences:<\/strong><\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6231\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/treatment-of-cash-payment.-.jpg\" alt=\"treatment of cash payment.\" width=\"1063\" height=\"764\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/treatment-of-cash-payment.-.jpg 1063w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/treatment-of-cash-payment.--300x216.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/treatment-of-cash-payment.--1024x736.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/treatment-of-cash-payment.--768x552.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/05\/treatment-of-cash-payment.--800x575.jpg 800w\" sizes=\"(max-width: 1063px) 100vw, 1063px\" \/><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Cash_Payment_of_Health_Insurance_Premiums_facilities_-Disallowance\"><\/span><span style=\"color: #000080;\"><strong> Cash Payment of Health Insurance Premiums facilities: -Disallowance<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to Section 80D of Income Tax law. Any Cash Payment of Health Insurance Premiums facilities made is not permissible allowable as deduction.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Acceptance_of_Certain_Loans_and_Deposits\"><\/span><span style=\"color: #000080;\"><strong> Acceptance of Certain Loans and Deposits<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No one is permissible to take payments of INR 20,000 or more. In the case of any deposit or loan, any amount related to transfer of any immovable property, If any cash received from a person for any such purpose is still outstanding to be repaid, then the total limit of INR 20,000\/- will apply to the balance outstanding plus any receipt in cash subsequently.<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Below mention are exempt from above Rule:<\/p>\n<p style=\"padding-left: 40px;\">This kind of cash money is accepted from \u2013<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Govt;<\/li>\n<li>Any post office savings bank or banking company, co-operative bank;<\/li>\n<li>Any corporation established by a state, central or provincial Act;<\/li>\n<li>such other association or institution or body or class of associations, institutions or bodies which the Central Govt may, by notification in the Official Gazette, specify.<\/li>\n<li>Any Govt company as defined in section 2(45) of the Co. Act, 2013;<\/li>\n<li>from a person having agriculture income, &amp; recipient is also having agriculture income and neither of them is chargeable to income tax.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 80px;\">Violation Consequences: A penalty equals to cash seized will be imposed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fixed_Assets_or_Capital_Expenditures_cash_payment_%E2%80%93_-Disallowance\"><\/span><span style=\"color: #000080;\"><strong> Fixed Assets or Capital Expenditures cash payment &#8211; -Disallowance<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to Income Tax law, any kind of capital expenditure for purchase of Capital Asset for which a part or full payment or total payments made in cash in a day exceeds INR 10,000\/- made is not permissible and this expenditure will not be consider for purposes of determination of actual cost of such asset. Its means that no depreciation allowable on the assets for which capital expenditure incurred in cash.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"LoansDeposits_must_Be_Repaid\"><\/span><span style=\"color: #000080;\"><strong> Loans\/Deposits must Be Repaid<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Any banking company or Cooperative society, firm\/other person is not permissible to repay any loan\/deposit in cash if:<\/p>\n<ul>\n<li>The amount of the loan or deposit together with interest, if any, is INR 20,000 or more, or<\/li>\n<li>Total amount of deposits\/ loans held by such person, either in his own name or jointly with other person on the date of such repayment together with the interest, if any, is Rs.20,000 or more.<\/li>\n<li>With effect from Financial Year 2019-20. Tax deducted at source @2%\u00a0 to be deducted on cash withdrawals of INR 1,00,00,000\/- in a year from bank A\/c for business purpose.<\/li>\n<\/ul>\n<p>to any person who has made the loan or deposit or paid the specified advance.<\/p>\n<p>This clause is not apply to: Repayment of any deposit loan or defined amount received from or made payable to: This kind of cash money is accepted from \u2013<\/p>\n<ul>\n<li>Govt;<\/li>\n<li>any post office savings bank or banking company, co-operative bank;<\/li>\n<li>any corporation established by a state, central or provincial Act;<\/li>\n<li>such other association or institution or body or class of associations, institutions or bodies which the Central Govt may, by notification in the Official Gazette, specify.<\/li>\n<li>any Govt company as defined in section 2(45) of the Co. Act, 2013;<\/li>\n<li>from a person having agriculture income, &amp; recipient is also having agriculture income and neither of them is chargeable to income tax.<\/li>\n<\/ul>\n<p>Violation Consequences: A penalty equals to such deposit or loan repaid will be levied.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Consider_as_Deemed_Income_of_Year_Following_Year_of_Payment\"><\/span><span style=\"color: #000080;\"><strong> Consider as Deemed Income of Year Following Year of Payment: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In case an allowance has been made in respect of any liability incurred by a person for any expenditure, and then during any subsequent year the person makes payment in respect thereof in cash, the payment is chargeable to income-tax as income of the subsequent year if the payment or aggregate of payments made to a person in a day exceeds Rs.10,000.<\/li>\n<li>In case payment is being made for plying, hiring or leasing goods carriages, then the limit is Rs.35000, instead of Rs. 1,00,000\/-.<\/li>\n<li>If goods carriages are being plyed, hired, or leased, the payment maximum is Rs. 35,000 instead of Rs. 1,00,000\/-.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cash_Donations_%E2%80%93_Disallowance\"><\/span><span style=\"color: #000080;\"><strong>Cash Donations &#8211; Disallowance<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to section 80G of Income Tax law, Rs 2000\/- cash Donation to a political party or an NGO is not permissible allowable as deduction.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6518\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/polical-donation-.jpg\" alt=\"pollical donation notice \" width=\"1108\" height=\"1373\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/polical-donation-.jpg 887w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/polical-donation--242x300.jpg 242w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/polical-donation--826x1024.jpg 826w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/polical-donation--768x952.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/polical-donation--800x991.jpg 800w\" sizes=\"(max-width: 1108px) 100vw, 1108px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Additional_Cash_Transaction-_Permissible\"><\/span><span style=\"color: #000080;\"><strong> Additional Cash Transaction- Permissible <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No person is permissible to take \/ receive in any cash an amount of INR 2 lakhs or more- in Total receipt from a any person in a day; or in respect of a single transaction; or in respect of transactions relating to one time or occasion from a person,<\/li>\n<li>Above income tax provision will not applicable in the following cases &#8211;<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">(i) any receipt by-<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Govt;<\/li>\n<li>any post office savings bank or banking company, co-operative bank;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">(ii) in case the cash transactions of Nature classified in section 2695S or Section 2695T<\/p>\n<p style=\"padding-left: 40px;\">(iii) with effect from Financial Year 2019-20, all the electronic payments or digital payments are allowed in addition to a\/c payee cheque, electronic clearing system or A\/c Payee bank draft via a bank A\/c. any Persons having earing income from business &amp; gross receipt or turnover more than Rs. 50 Cr in a FY are compulsory needed to accept payment via specified electronic payments or digital payments or other electronic mode only. In case of failure to do so, it would attract a penalty of INR 5000\/- per day till such failure continues.<\/p>\n<ul>\n<li>Consequences of violation of above provision: Assessee have to face the penalty under section 271DA is levied for a amount equal to the receipt amount.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cash_Payment_expenses_-Disallowance\"><\/span><span style=\"color: #000080;\"><strong> Cash Payment expenses -Disallowance<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to section 40A(3) of income tax Act, any cash expenditure incurred for the purpose profession or business in cash a day exceeds INR 10,000, 100% of such kind of cash payment will be disallowed while computing taxable income from profession\/ business. But few exceptions are also given in Income tax Rule 60D.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Summary_can_be_presented_in_the_below_Table\"><\/span><span style=\"color: #000080;\"><strong>Summary can be presented in the below Table\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5830\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/08\/cash..jpg\" alt=\"cash.\" width=\"1080\" height=\"907\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/08\/cash..jpg 1080w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/08\/cash.-300x252.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/08\/cash.-1024x860.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/08\/cash.-768x645.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/08\/cash.-800x672.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Received_Income_Tax_Notice_for_80G_80GGC_Deductions\"><\/span><span style=\"color: #000080;\">Received Income Tax Notice for 80G &amp; 80GGC Deductions?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9876\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/80G-.jpg\" alt=\"Received Income Tax Notice for 80G &amp; 80GGC Deductions?\" width=\"1097\" height=\"1639\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/80G-.jpg 500w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/11\/80G--201x300.jpg 201w\" sizes=\"(max-width: 1097px) 100vw, 1097px\" \/><\/p>\n<p>Here is the Solution :<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_notice_about\"><\/span><span style=\"color: #000080;\">What is the notice about?\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You claimed a deduction u\/s 80G or 80GGC, but As per ITD records, the PAN of the donee is either incorrect or not eligible.\u00a0 Hence, Dept is asking you to file Updated Return u\/s 139(8A).<\/p>\n<p><span style=\"color: #000080;\"><strong>Why is this happening suddenly?<\/strong><\/span><\/p>\n<p>Because now All eligible trusts &amp; political parties must file Form 10BD, Donations are auto-matched with PAN, &amp; Any mismatch triggers system-generated alert<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Common_Reasons_for_Notice\"><\/span><span style=\"color: #000080;\">Common Reasons for Notice<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Wrong PAN of trust \/ political party<\/li>\n<li>Donation made to non-registered entity<\/li>\n<li>Trust registration expired\/cancelled<\/li>\n<li>Claimed 80GGC instead of 80G (or vice-versa)<\/li>\n<li>Cash donation where only online allowed<\/li>\n<\/ul>\n<p>This is NOT a penalty notice : This is a correction opportunity before scrutiny.\u00a0 Ignoring it may lead to a demand\u00a0notice, interest u\/s 234B\/234C, Possible scrutiny later<\/p>\n<p><strong>Popular Article :\u00a0<\/strong><\/p>\n<ul>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/publications\/all-the-provision-of-taxation-of-income-from-capital-gains.pdf\">All about the Income taxation on capital gain<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/archives\/summary-of-provision-of-capital-gains-charts-under-the-income-tax-1961.pdf\">Provision-of-capital-gains-charts<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/publications\/all-the-provision-of-taxation-of-income-from-capital-gains.pdf\">All about the Income taxation on capital gain\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/learn\/deductions-under-section-80ccd-of-income-tax-act.html\">Deduction u\/s 80CCD of Income Tax Act, 1961<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/publications\/all-the-provision-of-taxation-of-income-from-capital-gains.pdf\">All about the Income taxation on capital gain\u00a0<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/blog\/get-aware-for-penalty-of-section-234f-for-late-filing-of-itr\/\">Aware of the penalty of Section-234f for late filing of ITR<\/a><\/span><\/li>\n<li><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/publications\/which-is-better-old-vs-new-tax-regime-comparison-2024.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/publications\/which-is-better-old-vs-new-tax-regime-comparison-2024.pdf\">Which is Better- Old vs New Tax Regime Comparison 2024 ?<\/a><\/span><\/li>\n<\/ul>\n<p><strong>Our Services:<\/strong><\/p>\n<ul>\n<li><strong>Tax Returns: <\/strong>Individual Tax Returns,\u00a0Company Tax Returns<\/li>\n<li><strong>Consultancy: <\/strong>Comprehensive Compliance Consultancy<\/li>\n<\/ul>\n<p><strong>Contact Us: For query or help, contact: <a href=\"mailto:singh@carajput.com\">singh@caindel<\/a>h<a href=\"mailto:singh@carajput.com\">iindia.com<\/a> or call at \u00a09555-555-480<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All about the Limits &amp; penalties related to Cash Transactions Specified Cash Transactions Limits:\u00a0 In recent times, the Income Tax Dept. released an E-Flyer detailing the cash transaction limitations and emphasizing the severe consequences connected to specific kinds of cash transactions. The Tax Department strongly advises taxpayers and business professionals to stay away from cash &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[142],"tags":[863],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6431"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=6431"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6431\/revisions"}],"predecessor-version":[{"id":6433,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/6431\/revisions\/6433"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=6431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=6431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=6431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}