India Tightens Tax Rules on Cash

The Indian government is making new rules to stop people from hiding money.

If you have a lot of cash at home and can't explain where it came from, the government can take 84% of it as a penalty.

This also applies to big cash transactions, like selling a house or borrowing money from friends.

Banks will tell the government if you take out too much cash, and you might have to pay extra taxes.

The goal is to make sure everyone follows the rules and pays their fair share of taxes.