
🚨 Your cash at home might cost you 84%, literally. People keep cash thinking it’s “safe” and “private”… But the moment the tax department asks one question: “Show the source” and everything changes. If you don’t have bills, slips, or a clear explanation, it’s treated as Unexplained Money. And that triggers the harshest tax treatment in India: 60% tax + 25% surcharge + 4% cess + penalty. End result? Your ₹5 lakh secretly stored at home can shrink to ₹80,000. Just like that. Cash might feel convenient. It might feel hidden. But without proof, it becomes a liability waiting to explode. 🔔 Follow @myfintaxofficial & @casurajsoni for daily finance updates, IPO news & market insights!
This post was published on 11th December, 2025 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 159.0K followers on Instagram and has a total of 2.8K post. Suraj receives an average engagement rate of 1.77% per post on Instagram. This post has received 33 comments which are than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile.