As part of its drive to limit the use of cash in the economy and curb unaccounted funds, the Centre pushes businesses and professionals to pay salaries of Rs 10,000 or more to their employees by cheque or bank transfer. The Centre has reportedly proposed to halve the threshold for non-cash payments from the current Rs 20,000.
By Vikraman Maniraj | Feb 3, 2017 11:57 AM #IncomeTax #BlackMoney
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