Cash transaction limit as per Income Tax Act in Indiabr br Under Income Tax Act there are various provisions which restrict cash transactions by following ways:br br 1:30 Restriction Through Disallowancebr 2:15 Section 35AD- Deduction in respect of expenditure incurred on setting up of a specified businessbr 2:32 No deduction is allowed for cash payments exceeding Rs.10,000- for an expenditure or an allowance claimed under business head.br 3:01 In case of payment made for plying, hiring or leasing goods carriages, the limit stands enhanced to Rs. 35,000-br br 3:16 Deductions under chapter VI –Abr br 3:22 Section 80D :br 3:23 Deduction for Medical Insurance & Health Check upbr 3:25 No deduction us 80D is allowable if paid in cash other than preventive health check-up expenditure.br br br 3:44 Section 80G:br 3:47 Deduction on Donation to Charitable Institutionsbr Deduction in respect of donation exceeding *Rs.2, 000- is allowable where such sum is paid by any mode other than cash.br br 4:03 Section 80GGA :br 4:04 Deduction for Donation for R&Dbr 4:07 Deduction in respect of donation for scientific research or rural development exceeding Rs. 10,000- is allowable where such sum is paid by any mode other than cash.br br 4:20 Section 80GGBbr 4:25 Contribution by Companies to Political Parties.br 4:26 Deduction in respect of contribution given by companies to political parties is allowable where such sum is paid by any mode other than cash.br br 4:34 Section 80GGC-br 4:37 Deduction for Donation to Political Parties. (Other than companies).br 4:40 Deduction in respect of contribution given by any person to political parties is allowable where such sum is paid by any mode other than cash.br br 4:55 Section 68- Cash Creditsbr br 6:07 Section 69- Unexplained Investmentsbr br 6:39 Section 115 BBC- Anonymous Donationsbr br Restrictions through penaltiesbr 7:28 Section 269SS – Mode of Taking or Accepting certain Loans and Depositsbr br 8:25 Section 269ST- Penalty on cash receipt of more than two lakhsbr 9:40 Section 269T- Repayment of loan in cashbr br  Income Tax Department to issue notice where cash transaction is above Rs 20,000 in Property Purchase.br 11:47 Restriction through providing for incentivizing non-cash transactionsbr br  TDS on Cash Withdrawal: TDS of 2 on cash withdrawal exceeding Rs 1 crore in a year from a bank account.br br br Follow me on Social Media:br br 1. Facebook : 2. Linkedin : 3. Twitter : 4. Tumblr : 5. Pinterest : 6. Medium : br br br Google Play Storebr br br br ▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾br br ➨ Website: ➨ Writes to us: tax4wealth@gmail.