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Govt to tax on cash withdrawals of Rs...

Chalanachithram.com DB » New TF Industry Related » Archive through June 11, 2019 » Govt to tax on cash withdrawals of Rs10 lakh in a year « Previous Next »
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Bharat
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Username: Bharat

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Posted on Monday, June 10, 2019 - 11:47 am:       

https://www.andhrajyothy.com/elections/districtarticle?SID=8 15620
 

Awara1984
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Posted on Monday, June 10, 2019 - 08:28 am:       


Ramjirao:

also government shall increase yearly property tax and decrease the onetime registration tax. Make it like in USA




ilantivi India lo work avvavu, current govt lo unna vadu enta possible aithe anta revenues laageyyali anukuntadu

anduke registration charges ekkuva untai, vehicles mida life tax ani first lone bhaariga baadutharu
 

Ramjirao
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Username: Ramjirao

Post Number: 3471
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Posted on Monday, June 10, 2019 - 08:24 am:       

//
NEFT, RTGS mida transaction charges teesi vesindi

that is also a big positive
//

To be frank one really doesn't need to withdraw Rs 50 lakh or 1cr cash from bank. still they allow it only thing max is they may have to paye Rs 1 or 2 lakhs as tax on Rs 1 cr withdrawl

Thatway people will be discouraged to make cash transaction


also government shall increase yearly property tax and decrease the onetime registration tax. Make it like in USA
 

Awara1984
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Posted on Monday, June 10, 2019 - 08:22 am:       

NEFT, RTGS mida transaction charges teesi vesindi

that is also a big positive
 

Ramjirao
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Posted on Monday, June 10, 2019 - 08:02 am:       

https://www.eenadu.net/business/newsdetails/1/2019/06/10/110 205/Govt-may-introduce-tax-on-cash-withdrawal-of-Rs-10-lakh- in-a-year

Think this is a good initiative.

Will not impact many people except for doing black transactions. May bring more transparency in Real estate transactions etc

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