Breaking Govt may impose tax on cash withdrawl of 10 lakhs per year!

[Sai Jai]

I still did not believe that the BJP has won. Somehow they did the cheating with the EVM Machines...

Ur successfully eligible to get a tag of "Deshdrohi"

 

[sky]

now public will be see hitler in our country

 

[Sai Jai]

now public will see hitler

Buddy we are already seeing from 2014

 

[Sarkar]

People were voted Modi with more MPs, even after failures of Demonitization and GST!

Failure ? It's a runaway success. Look at all election after those steps

 

[Sumanth]

What wrong in it ? they are promoting digital transactions
Good Move

Would be good that digital transactions are being promoted but before that the government needs to make the banks and banking systems robust. Currently, banks are going down-hill with exponential rise in bad loans

 

[Rushil]

Failure ? It's a runaway success. Look at all election after those steps

Excluding Lok Sabha Elections, they lost votes in almost all states especially in Hindi states they lost government too.

 

[iqbal008]

It shall be bad for some small/mid entrepreneurs who use cash for transactions.

 

[Ankit Jain]

To all thinking it as a bad move I would like to say that 10lacs is currently a huge amount. I don't think even 10% of the population will withdraw that much amount in a year.

For all those who does for any reasons can just shift to swiping your card and use wallets instead of cash as pentration of cards and wallets is quite good all over the country. Hence this can be an alternative.

The only thing which needs a changes is bank charges. We are paying hefty charges these days for using our own money from the banks. Cash deposit charges, cash limit fees etc should be completely removed as its quite natural that if the amount is shown in books it will have to be accounted and we will be paying tax for that amount.

 

[telugurocks]

first this tax should be implement on politicians first, as on demo purpose.

 

[Johan Philip]

Is tax only on amount after 10L or for all transactions