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January 19, 2017

Government may lower limit for quoting PAN number for cash transac

Unwilling to lose the momentum it gained for a less-cash economy after demonetisation and restrictions on cash withdrawals, the government may announce big disincentives in the upcoming Budget for usage of cash.

Sources revealed to ET Now that the upcoming budget could come up with a series of such big disincentives.

The government may reduce threshold for quoting PAN card for cash transactions, say sources.

The threshold, which is Rs 50,000 now, may be bro ..

Read more at:
http://economictimes.indiatimes.com/articleshowsp/56660469.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&type=dailynews&ncode=88da9effa5c7acaa&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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