Recommendations of SIT on Black Money as Contained in the Fifth SIT Report

Recommendations of SIT on Black Money as Contained in the Fifth SIT Report https://www.taxtmi.com/news?id=16361 The SIT recommends a statutory prohibition on cash transactions above Rs.3,00,000 as illegal and punishable, and proposes a cash holding limit of Rs.15,00,000 with an option for persons or industries to obtain permission from the local Commissioner of Income Tax where higher cash holding is required. en-us Thu, 14 Jul 2016 17:29:37 +0530 Thu, 14 Jul 2016 17:29:37 +0530 TaxTMI RSS Generator Recommendations of SIT on Black Money as Contained in the Fifth SIT Report https://www.taxtmi.com/news?id=16361 The SIT recommends a statutory prohibition on cash transactions above Rs.3,00,000 as illegal and punishable, and proposes a cash holding limit of Rs.15,00,000 with an option for persons or industries to obtain permission from the local Commissioner of Income Tax where higher cash holding is required. News - Thu, 14 Jul 2016 17:29:37 +0530 https://www.taxtmi.com/news?id=16361