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Tag: beware of the pitfalls of transaction mr11

Beware of Cash Transactions from April 1
Beware of Cash Transactions from April 1

Beware of Cash Transactions From April 1, 2017, be careful while accepting cash for more than Rs 2,00,000/- or pay 100% penalty for accepting it. Remember, it is the cash receiver who needs to pay the penalty and not the cash payer. It is a move towards eliminating cash transactions and shift towards cashless economy.

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