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Union Budget 2017: Rs 3 Lakhs Cap On Cash Transactions From April, Says Government
Proposal to limit cash transactions given by a Special Investigation Team SIT set up by Supreme Court in an attempt to check black or untaxed money It is being considered a major step to check corruption and tax evasion
21 Mar 2017, 06:05 PM IST 
Union Budget 2017: The proposal to limit cash transactions to 3 lakhs was given by a SIT on black money.
In a major step to check corruption and tax evasion, transactions above Rs 3 lakh will not be allowed in cash, Finance Minister Arun Jaitley said today while announcing the budget. Cash transactions above three lakhs will be banned from April. The government had decided to accept the recommendation of a Special Investigation Team or SIT, Mr Jaitley said. The SIT was set up by the Supreme Court to suggest ways to check black or untaxe...
