The Income Tax Department has conducted raids and recovered huge amounts of cash. (Representational image: in.pinterest.com)

New Delhi: The world is moving towards digitalisation, and everything from shopping to payments is becoming online. Yet, many people still keep cash at home and use it for transactions. We also come across the news of the Income Tax Department conducting raids and recovering huge amounts of cash. In such a situation, it’s natural to wonder how much cash one can legally keep at home. Let’s find out what the law says about this.

Is there a limit on cash storage at home?

The first important question is, is there a legal limit on cash storage? Regarding this question, the Income Tax Department has not set any limit on cash storage at home. Whether the amount is smal

See Full Page