Govt slashes cash transactions limit from Rs 3 lakh to Rs 2 lakh
Govt slashes cash transactions limit from Rs 3 lakh to Rs 2 lakh
Government moved amendments to the Finance Bill 2017 proposing to cap cash transactions at Rs 2 lakh instead of Rs 3 lakh as provided in the Budget.
Finance Minister Arun Jaitley had proposed that the legal limit for cash transactions would be Rs 3 lakh on February 1, in line with the recommendations of the Supreme Court-constituted Special Investigation Team (SIT) on black money.
In an…
View On WordPress






