Cash Transaction Rules: Most people are unaware of the legal limit for cash transactions in a day. Let's explore this limit. Cash Transaction Rule: In the era of promoting digital payments and online ...

If you transact more than 20 thousand rupees in cash, then you can get into big trouble. Income tax can tighten its grip on you. According to section 271DD of the Income Tax Act, 1961, if you transact ...

Nowadays, cash transaction apps are incredibly popular. It’s easy to understand why—apps like Venmo and Zelle make it simple to send money from one person to another, alleviating much of the stress ...

Americans who live and do business in those ZIP codes—estimated to be more than one million Americans—will be reported if they spend more $200 in cash on items like money orders and traveler’s checks.

In principle, there is nothing wrong with cash financial transactions. The problem arises when they are used to evade tax, launder money, facilitate illegal deals or pay bribes. In such cases, the ...

While the old adage of death and taxes being the only certainty may ring true for many, it may not adequately capture just how distressing the latter can be for those in the throes of an audit. Just ...

The use of cash for transactions have slowed down over the years since the COVID pandemic hit in 2020 with people turning to card payments and digital transactions instead. The use of cash for ...

Bills and coins have long been off limits to processors because cash transactions are not digital. No longer. For years, payment processors have expanded their technology stack beyond its core ...