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Union Budget 2017: No Cash Transactions Above 3 Lakhs

Union Budget 2017: No Cash Transactions Above 3 Lakhs

Thursday, February 2, 2017, 10:32 AM

Finance Minister in his budget speech said that, in order to check corruption and tax evasion, transactions above Rs. 3 lakh will not be allowed in cash from April. The Special Investigation Team was set up by the Supreme Court to suggest ways to check black or untaxed money and bring back crores parked illegally in foreign bank accounts.
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