New income tax rules in India impose up to 84% tax (including penalties, surcharges, cess) on unexplained cash found during searches, warns investment banker Sarthak Ahuja. Banks auto-report cash withdrawals over ₹10 lakh annually and deduct TDS above ₹20 lakh. Certain transactions like ₹2 lakh+ daily cash receipts or property sales over ₹20,000 cash attract 100% penalties. Stricter enforcement vi
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