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In this video, Goonj explains the Section 269SS of Income Tax Act, 1961 👉🏻Key points include: 👉🏻Cannot Accept Cash: It is prohibited to accept cash of Rs. 20,000 or more for loans, deposits, or transactions against immovable property. 👉🏻Exemptions: This rule does not apply to transactions involving: Banking Companies Post Office Savings Banks Government Corporations Transactions between two individuals earning agricultural income. 👉🏻Penalty: Failure to comply with this section can result
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