DEAR SIR, AS PER THE INCOME TAX ACT WE SHOULD NOT MAKE CASH PAYMENT ABOVE 20000/- DUE TO NON MONITOR OF FUND TRS AND TO AVOID TAX EVATION. WHY THE INCOME DEPARTMENT SHOULD INVENT A METHOD BY USING LIKE ATM CARD WITH THE HELP OF NSDL. IS ANY ONE HAVING PLAN PL SUGGEST THE INCOME TAX DEPT IN THIS REGARD.
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Monitor the cash payments
Replies (4)
Nice thought..
@ maruthi: I think current policy is better in many ways.
agree with navin preseant policy are better
I Think Naveen Garg Is Right Becoz
Govt Only Want To Know these payments
And Know About The Income A Person
Govt Know These By Banks Easily
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