All you need to know about rules for cash transactions

The central government has become increasingly strict with respect to cash transactions and several guidelines have lately been issued in this regard. Let us take a look

Many banks offer high fixed deposit interest rates for senior citizens.

If you spend more than Rs 10,000 for a business, it will be added to your profit amount.

Donations above Rs 2,000 cannot be made in cash. Also, there is no tax rebate on medical expenses in cash above Rs 5,000.