84% Tax on Unexplained Cash 😱 Explained | Income Tax India
Загружено: 2026-01-03
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Did you know that unexplained cash can attract a massive 84% tax in India? 😳
Under Section 115BBE of the Income Tax Act, if you fail to properly explain the source of cash deposits, the Income Tax Department can levy:
👉 60% tax
👉 25% surcharge
👉 4% cess
⚠️ Total effective tax = ~84%
This provision applies to:
• Unexplained cash deposits
• Unaccounted income
• Cash found during scrutiny
• Income not reported in ITR
Many taxpayers unknowingly fall into this trap and receive income tax notices later.
📌 Always explain the source of cash properly
📌 File your ITR correctly to avoid penalties & notices
If you’ve received a notice or have doubts about cash deposits, revised returns, or tax compliance — TAXter is here to help.
📲 Consult before it’s too late.
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#incometax #incometaxefiling #taxcompliance #taxter
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