Flowchart Representation:
- Start
↓
- Identify the Type of Transaction
→ If cash received ≥ Rs 2,00,000 → Section 269ST Violated → 100% Penalty
→ If loan or deposit > Rs 20,000 → Section 269SS Violated → 100% Penalty
→ If loan repayment > Rs 20,000 → Section 269T Violated → 100% Penalty
→ If business expense > Rs 10,000 in cash → Section 40A(3) Disallowance → Higher Taxable Income
→ If fixed asset purchase > Rs 10,000 in cash → Section 43(1) Violated → No Depreciation
→ If donation > Rs 2,000 in cash → Section 80G Rule → No Deduction Allowed
↓
- Implement Best Practices
→ Encourage Digital Payments
→ Maintain Proper Records
→ Consult Professionals
↓
- End
