Cash Payment Limit Reduced To Rs. 2 Lakh To Check Black Money…

Cash Payment Limit Reduced To Rs. 2 Lakh To Check Black Money...
Photo courtesy: Business Standard

With the goal to check money laundering, black money and terrorism funding, government will be reducing the cash transaction limits further from the current Rs. 3 lakhs to Rs. 2 lakhs. Beyond these limits, a PAN card would be required. And if one is in violation, both the individuals and organizations receiving such payments. In the early years, penalty will be light but will become more strict with higher penalties in later years.

Source: Business Standard

Visit www.werindia.com OR Hindi.werindia.com to read news from 500+ news sources... आपका अपना डिजिटल अख़बार |



     
  • 26 Mar 2017
  • WerIndia

Leave a Reply

Recommended for you

Your Opinion

For the Loksabha 2019 elections, as a Voter, the most important question(s) casting your Vote would be:

View Results

Loading ... Loading ...

View Older Polls

आपकी राय

लोकसभा 2019 के चुनावों के लिए, एक मतदाता के रूप में, सबसे महत्वपूर्ण सवाल, आपका वोट किस लिए होगा

View Results

Loading ... Loading ...

View Older Polls