Income Tax: How much cash can you keep at home?

Do you know how much cash you can keep at home? Otherwise, today we are going to give you information in this regard. You must be aware of the rules of keeping cash in your house. According to the rules, there is no special restriction regarding keeping cash in the house i.e. no limit is fixed.

According to the Income Tax Department, you can keep any amount of cash in your house. As per the department, you must have the right source of cash. If any investigating agency raids your house, you will have to tell from where you got this cash.

If you fail to inform this, action may be taken against you. If your money comes under the tax net, then you will have to file a return. This is very important. Even if you don’t do this, action can be taken against you.