Bharat’s Know When to Say No to Cash Transactions by CA. R.S. Kalra – 4th Edition 2026.

In its push toward a formalized, digital economy, the Indian government has enacted severe penalties for non-compliance with cash transaction limits. Know When to Say No to Cash Transactions, published by Bharat Law House and authored by CA. R.S. Kalra, simplifies these complex statutory restrictions. It is an indispensable, desk-ready guide for Chartered Accountants, corporate finance teams, and SME owners striving to keep their businesses compliant and penalty-free.

Comprehensive Coverage of Cash Restrictions

The book breaks down the massive web of income tax rules surrounding physical currency into 17 highly specific, actionable chapters:

• The ₹2 Lakh Rule: A deep dive into the absolute restrictions on receiving cash of ₹2 Lakhs or more in a single day, a single transaction, or a single event/occasion.

• Loans & Deposits: Details the strict modes required for taking, accepting, or repaying loans and specified advances to avoid immediate, heavy disallowance and penalties.

• Sector-Specific Hurdles: Offers targeted guidance for historically cash-heavy sectors, featuring dedicated chapters on Agriculture, Real Estate, and Charitable Trusts.

• TDS on Cash Withdrawals: Updated for the transition to the Income-tax Act 2025 (Sec. 393(1) Table Sl. 5, formerly Sec. 194N), explaining exactly when and how banks will deduct tax on your cash withdrawals.

Search, Seizure & Modern Compliance

Beyond standard daily operations, the book prepares practitioners for worst-case scenarios and modern reporting mandates:

• Search & Surveys: Explains the perilous concept of “on-money” during department raids and how cash deposited during events like demonetization continues to be scrutinized.

• Reporting Financial Transactions (SFT): Details the mandatory reporting rules for high-value transactions that trigger department notices.

• New ID Frameworks: Provides a complete overview of the mandatory frameworks required under the new Income-tax Act, 2025.

Who Should Buy This Book?

• Chartered Accountants & Tax Consultants: The perfect ready-reckoner to advise clients on structuring transactions and defending assessments.

• SME Business Owners & Traders: Crucial reading to prevent catastrophic penalties that arise from innocent, traditional cash dealings.

• Corporate Finance & Accounting Teams: Essential for setting internal company policies on petty cash, vendor payments, and expense reimbursements.

About the Author

CA. Ravinder Singh Kalra

CA. Ravinder Singh Kalra is a highly respected practicing Chartered Accountant based in Jalandhar, Punjab. Operating under his established firm R.S. Kalra & Associates, he has built a strong reputation as a prominent author and professional guide on complex Indian taxation matters. His authoritative literature is known for stripping away confusing legal jargon, simplifying statutory compliance, and delivering actionable advice for finance practitioners across India.

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