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No decision taken on imposing tax on cash transactions

No decision taken on imposing tax on cash transactions

Thursday, February 9, 2017, 2:35 PM

The Economic Affairs Secretary, Shaktikanta Das, has said that the Government has not taken any decision to levy a banking cash transaction tax (BCTT), on cash deals and transactions above INR 50,000. The committee on digitization headed by Andhra Pradesh Chief Minister Chandrababu Naidu, had recommended a cap on cash, for all types of big-ticket transactions.
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