{"id":8521,"date":"2025-01-30T09:53:24","date_gmt":"2025-01-30T09:53:24","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=8521"},"modified":"2025-01-30T10:18:22","modified_gmt":"2025-01-30T10:18:22","slug":"newly-added-high-value-transactions-threshold-limits","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/newly-added-high-value-transactions-threshold-limits\/","title":{"rendered":"Newly added High-Value Transactions threshold limits"},"content":{"rendered":"<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/TR-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-11812\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/TR-1.jpg\" alt=\"\" width=\"982\" height=\"553\" \/><\/a><\/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-69e9f3b87c5c1\" 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-69e9f3b87c5c1\"  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\/newly-added-high-value-transactions-threshold-limits\/#Newly_added_High-Value_Transactions_threshold_limits\" title=\"Newly added High-Value Transactions threshold limits\">Newly added High-Value Transactions threshold limits<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/newly-added-high-value-transactions-threshold-limits\/#Income_Tax_Cash_Transaction_Rules_Regulations\" title=\"Income Tax Cash Transaction Rules &amp; Regulations\">Income Tax Cash Transaction Rules &amp; Regulations<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/newly-added-high-value-transactions-threshold-limits\/#Section_269ST_%E2%80%93_Restriction_on_Cash_Transactions\" title=\"Section 269ST \u2013 Restriction on Cash Transactions\">Section 269ST \u2013 Restriction on Cash Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/newly-added-high-value-transactions-threshold-limits\/#Monitoring_of_High-Value_Cash_Transactions\" title=\"Monitoring of High-Value Cash Transactions\">Monitoring of High-Value Cash Transactions<\/a><\/li><\/ul><\/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\/newly-added-high-value-transactions-threshold-limits\/#Additional_threshold_limits_added_to_enforce_the_Income-tax\" title=\"Additional threshold limits added to enforce the Income-tax\">Additional threshold limits added to enforce the Income-tax<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/newly-added-high-value-transactions-threshold-limits\/#Exceptions_to_Section_269ST\" title=\"Exceptions to Section 269ST\">Exceptions to Section 269ST<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/newly-added-high-value-transactions-threshold-limits\/#A_few_tips_for_avoiding_high-value_financial_transactions_with_Income_tax_notices\" title=\"A few tips for avoiding high-value financial transactions with Income tax notices:\">A few tips for avoiding high-value financial transactions with Income tax notices:<\/a><\/li><\/ul><\/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\/newly-added-high-value-transactions-threshold-limits\/#Comparison_Cash_vs_Credit_Transactions\" title=\"Comparison: Cash vs. Credit Transactions\">Comparison: Cash vs. Credit Transactions<\/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\/newly-added-high-value-transactions-threshold-limits\/#Fake_donations_to_parties\" title=\"Fake donations to parties\">Fake donations to parties<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Newly_added_High-Value_Transactions_threshold_limits\"><\/span><span style=\"color: #000080;\"><strong>Newly added High-Value Transactions threshold limits<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Cash_Transaction_Rules_Regulations\"><\/span><span style=\"color: #000080;\"><strong>Income Tax Cash Transaction Rules &amp; Regulations<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Section_269ST_%E2%80%93_Restriction_on_Cash_Transactions\"><\/span><span style=\"color: #000080;\"><strong>Section 269ST \u2013 Restriction on Cash Transactions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>No person can receive \u20b92 lakh or more in cash: In a single day from one person. and For a single transaction, even if received on different days. also\u00a0For multiple transactions related to a single event or occasion.\u00a0If violated, the recipient (not the payer) faces a penalty equal to the amount received under Section 271DA of the Income Tax Act.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Monitoring_of_High-Value_Cash_Transactions\"><\/span><span style=\"color: #000080;\"><strong>Monitoring of High-Value Cash Transactions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The Income Tax Department tracks large cash transactions, and exceeding prescribed limits may lead to scrutiny or notices. Some key limits include\u00a0Cash deposits of \u20b910 lakh or more in savings accounts per financial year,\u00a0Cash deposits\/withdrawals of \u20b950 lakh or more in a current account per FY and High-value transactions (\u20b92 lakh+) for property purchases, jewelry, medical expenses, etc.<\/p>\n<table style=\"height: 416px;\" width=\"850\">\n<tbody>\n<tr>\n<td width=\"94\">S. No<\/td>\n<td width=\"481\"><strong>Transaction Type<\/strong><\/td>\n<td width=\"288\"><strong>Min. Amount (Rs.)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"94\">1<\/td>\n<td width=\"481\">Domestic class Air travel \/ Foreign travel<\/td>\n<td width=\"288\">any<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">2<\/td>\n<td width=\"481\">Deposit \/ Credits in non-current Accounts<\/td>\n<td width=\"288\">25 Lakhs<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">3<\/td>\n<td width=\"481\">Health Insurance premium<\/td>\n<td width=\"288\">20,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">4<\/td>\n<td width=\"481\">Electricity Consumption per year<\/td>\n<td width=\"288\">1 Lakh<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">5<\/td>\n<td width=\"481\">Share transactions in DMAT Accounts \/ Bank Lockers<\/td>\n<td width=\"288\">any<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">6<\/td>\n<td width=\"481\">LIC<\/td>\n<td width=\"288\">50,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">7<\/td>\n<td width=\"481\">Purchase of Jewelry, white goods, painting, marble, etc<\/td>\n<td width=\"288\">1 Lakh<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">8<\/td>\n<td width=\"481\">Payment of educational fee\/donations<\/td>\n<td width=\"288\">1 Lakh<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">9<\/td>\n<td width=\"481\">Payment to Hotels<\/td>\n<td width=\"288\">20,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">10<\/td>\n<td width=\"481\">Deposit \/ Credits in Current Accounts<\/td>\n<td width=\"288\">50 Lakhs<\/td>\n<\/tr>\n<tr>\n<td width=\"94\">11<\/td>\n<td width=\"481\">Payment of Property tax per annum<\/td>\n<td width=\"288\">20,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Additional_threshold_limits_added_to_enforce_the_Income-tax\"><\/span><span style=\"color: #000080;\"><strong><u>Additional threshold limits added to enforce the Income-tax<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-27954\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/cash-Tr-limit-.jpg\" alt=\"cash Tr limit\" width=\"882\" height=\"731\" \/><\/p>\n<ol>\n<li>Deduction\/tax collection provision at a higher rate for no tax return filers.<\/li>\n<li>Compulsory returns for taxpayers Provision<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>All professionals with sales above Rs. 50 Lakh<\/li>\n<li>All whose rental payment exceeds Rs. 40,000 a month<\/li>\n<li>Which transactions are above Rs. 30 lakh<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Exceptions_to_Section_269ST\"><\/span><span style=\"color: #000080;\"><strong>Exceptions to Section 269ST<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Certain entities are exempt from this restriction, including: Govt entities, banks, post offices, and co-operative banks. &amp; Transactions specified under other laws (e.g., agricultural produce sales).<\/li>\n<li>Avoid high-value cash transactions to prevent penalties and scrutiny. use banking channels (cheques, demand drafts, or digital transfers) for large transactions. maintain proper records for cash receipts to justify them if questioned by tax authorities.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"A_few_tips_for_avoiding_high-value_financial_transactions_with_Income_tax_notices\"><\/span><span style=\"color: #000080;\"><strong><u>A few tips for avoiding high-value financial transactions with Income tax notices:<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Stay up to date with your PAN details.<\/li>\n<li>Reveal in your ITR all and correct revenue you have earned during the FY.<\/li>\n<li>Before the deadline, you must always file your ITR.<\/li>\n<li>Cross-check your From 26AS for all the TDS entries. This exercise can be repeated once a quarter.<\/li>\n<li>If any AIR transactions are reported, check your Form 26AS.<\/li>\n<li>Record all your valuable financial transactions, investments and expenditures<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Comparison_Cash_vs_Credit_Transactions\"><\/span><span style=\"color: #000080;\">Comparison: Cash vs. Credit Transactions<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 222px;\" width=\"774\">\n<thead>\n<tr>\n<th>Feature<\/th>\n<th>Cash Payment<\/th>\n<th>Credit Transaction<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Timing<\/td>\n<td>Immediate<\/td>\n<td>Deferred<\/td>\n<\/tr>\n<tr>\n<td>Intermediaries<\/td>\n<td>None<\/td>\n<td>May involve banks or payment systems.<\/td>\n<\/tr>\n<tr>\n<td>Flexibility<\/td>\n<td>Limited by on-hand cash<\/td>\n<td>Provides flexibility to pay later.<\/td>\n<\/tr>\n<tr>\n<td>Record Keeping<\/td>\n<td>Requires manual entry<\/td>\n<td>Automatically recorded in accounts.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Fake_donations_to_parties\"><\/span><span style=\"color: #000080;\"><strong>Fake donations to parties<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Recent concerns about fake political donations, tax loopholes, or money laundering through political funding?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8522\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54.jpg\" alt=\"Fake donations to parties\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54.jpg 1080w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54-300x300.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54-1024x1024.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54-150x150.jpg 150w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54-768x768.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2025\/01\/photo_2025-01-30_15-17-54-800x800.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newly added High-Value Transactions threshold limits Income Tax Cash Transaction Rules &amp; Regulations Section 269ST \u2013 Restriction on Cash Transactions No person can receive \u20b92 lakh or more in cash: In a single day from one person. and For a single transaction, even if received on different days. also\u00a0For multiple transactions related to a single &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":[623],"tags":[980],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8521"}],"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=8521"}],"version-history":[{"count":3,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8521\/revisions"}],"predecessor-version":[{"id":8526,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/8521\/revisions\/8526"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=8521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=8521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=8521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}