Are you making cash transactions beyond the limit?.. Be careful!
IT experts are warning that if you do cash transactions beyond the limit, you will be liable to fines. They say that if you exceed the limit, you will get a notice from the IT department and will be fined heavily. ‘You should not lend/borrow more than ₹20,000. You are not allowed to borrow/borrow more than ₹2 lakh in a single day. There is a chance of a 100% penalty being imposed on these,’ they say. They say that there will be exceptions in some cases.
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