cash transactions

To prevent tax evasion, the income tax department will be monitoring cash transactions in hospitals. As per the notifications of income tax department, accepting more than 20,000 or more in cash for a loan or deposit is…

100% Penalty For Receiving Rs 2 Lakh Or More In Cash; Use These Methods To Transfer Money In order to curb tax evasion in the country, the government has introduced a cash transaction limit per day, under Section 269ST. How Does It…

In November 2016, the ripples of India’s demonetization drive were felt throughout the country. Sample this, in December 2016 – the month after the demonetization move, Eko’s transactional throughput stood at a meager INR 250 crore. This…

Defining a smaller limit for cash transactions has a two-fold purpose. It will help keep money laundering in check and push more cashless transactions.

Income Tax Department has launched a fresh offensive against cash transactions, and illegal money. In a widely circulated advertisement across almost all mainstream newspapers, Income Tax Dept. has reminded all about illegal cash…

In continuation with Govt. of India’s cashless push, several new developments have taken place in the last 24 hours. While all banks have been ordered to activate Internet & mobile banking for all customers by March 31, several…

Most of the banking systems in developed and developing countries do not place any cap on ATM withdrawals - customers can withdraw money from ATMs as many times as they wish. But in India, banking rules are different. Even if you are…

Capgemini, a global leader in consulting, technology and outsourcing, in association with it’s banking partner BNP Paribas published it’s 12th edition of “WORLD PAYMENTS REPORT”. The report brings out some very interesting findings…

The issue of black money in India is no less than poverty or global warming - such is the impact that political parties promise retrieval of black money as a poll promise; and general citizens hold dharnas and protests to force Govt. to…

There’s something interesting about one of my previous employers. There was a very friendly & casual work culture and I must say the organization was quite progressive in terms of employee engagement, innovation etc. The constant…