UPI, NEFT, IMPS, RTGS, BHIM, and card payments are the safest ways to make transactions today. Using these digital methods ensures your money is traceable and secure. If you handle cash above the legal limits, you risk a penalty equal to 100% of the amount, along with income-source checks and possible legal issues. When unsure, always choose digital payments to stay fully compliant and avoid trouble.
From Rs.20,000 to Rs.2 lakh: Check the cash transaction limits that can trigger 100% income tax penalties
