SIT on black money recommends ban of cash transaction above 3 lakh and cash holding more than 15 lakhs

Last updated: 15 July 2016

Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before the Honble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue websitewww.dor.gov.in. The SIT has made the following recommendations in the Fifth Report: Cash transactions: The SIT has felt that large amount of unaccounted wealth is stored and used in form of cash. Having considered the provisions which exist in this re
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