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9 days agoTop Tax Alert: Does Keeping Cash at Home Now Trigger an 84% Income Tax Penalty?
Confusion has been rising among taxpayers over whether holding cash at home can attract an effective tax rate of nearly 84 percent under India’s latest income tax provisions. Clarifying this, chartered accountant and investment banker Sarthak Ahuja explained that the penalty only applies to unexplained cash detected during tax scrutiny or searches.
Explore:Mutual Fund Screening
neutral
9 days agoTop Tax Alert: Does Keeping Cash at Home Now Trigger an 84% Income Tax Penalty?
Confusion has been rising among taxpayers over whether holding cash at home can attract an effective tax rate of nearly 84 percent under India’s latest income tax provisions. Clarifying this, chartered accountant and investment banker Sarthak Ahuja explained that the penalty only applies to unexplained cash detected during tax scrutiny or searches.
Explore:Mutual Fund Screening
1 min read
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Unexplained cash detected during tax scrutiny can attract an effective 84 percent tax under Section 115BBE, but properly disclosed savings at home remain fully legal.
Confusion has been rising among taxpayers over whether holding cash at home can attract an effective tax rate of nearly 84 percent under India’s latest income tax provisions. Clarifying this, chartered accountant and investment banker Sarthak Ahuja explained that the penalty only applies to unexplained cash detected during tax scrutiny or searches.
Confusion has been rising among taxpayers over whether holding cash at home can attract an effective tax rate of nearly 84 percent under India’s latest income tax provisions. Clarifying this, chartered accountant and investment banker Sarthak Ahuja explained that the penalty only applies to unexplained cash detected during tax scrutiny or searches.
Dec 8, 2025 • 07:55