Accepting over ₹2 lakh in cash? CA warns splitting payments won’t save you from full penalty
Introduction Hello everyone! Today, we’re discussing a serious tax compliance matter that may not be completely known to many people. Recently, a Chartered Accountant (CA) has come out with a warning on accepting heavy cash payments, particularly those over 2 lakh rupees. Some individuals and businesses mistakenly believe that splitting payments into smaller amounts can […]