Restrictions on Cash Transactions

1. More than 10 Lakh in a financial year in Savings A/c
2. More than 50 Lakh in a financial year in Current A/c
3. Receiving Cash over 2 Lakh
   1. From one Person in a day 
   2. For a single transaction 
   3. For transactions related to an event or occasion of one person 
4. Expenses above 10000 in a single day in case of business
5. Credit Card bills payment over 1 Lakh 
6. Cash donation over Rs 2000

TDS on Cash Withdrawals

• 2% for withdrawals over 20 Lakh 
• 5% over 1 crore