Great MOVE BY CBDT Carrying Cash more than RS 50,000 ,ID PROOF MANDATORY .

PALASH (Nothing) (2000 Points)

15 March 2014  

 

 CARRYING CASH MORE THAN RS 50000/= , ID PROOF MANDATORY ..

Any person carrying cash more than OF Rs 50,000 would have to show ID proof along with documents related to the source of the cash, in view of the Model code of Conduct .
As per the Election Commission guidelines, any person carrying more than Rs 50,000 cash or bullion for his personal or business use till the Model Code of Conduct is in force is required to carry ID proof, address proof, documentary evidence of its source and its end use so that it can be produced before the authorities if required, Income Tax Director General, said here. 
A round-the-clock control room and complaint monitoring cell has been set up for better monitoring, he said adding air intelligence units at the airports have also been asked to remain alert.

Source : PTI .

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