ABOUT US CONTACT US PROGRAMMES
  Dy365 App Twitter Facebook YouTube
Guwahati
 
 
PAN Card may become mandatory for cash transactions beyond certain limit: Finance Ministry
Posted on: 05-10-2015 , 12:02:PM | DY365 Bureau

Oct 5, 2015- Plans are underway by the Centre to mandatorily furnish PAN (Permanent Account Number) card details for cash transactions to check generation of domestic black money.

Finance Minister Arun Jaitley, stated that the government is at an advanced stage in considering the requirement of furnishing PAN Card details if cash transactions beyond a certain limit are undertaken.
He said the monitoring regime of the income tax department has been strengthened and its capacity to access information and apply technology driven analytical tools to expose evasion has been enhanced.
Stressing that bulk of black money is still within India, Jaitley said, "There is a need to change the national attitude so that plastic currency becomes the norm and cash an exception".
Jaitley said the Government has formulated a conscious strategy to deal with the menace of black money. He said, a total peak balance of about 6,500 crore rupees in list of accounts in LGT Bank, Liechtenstein and HSBC, Geneva has been assessed.
 
 

»
Click here to watch the Live Stream. | High - BB / Droid
»
Click here to watch Live Stream on iPhone / iPad / iTouch. High| Beta
 
 
 
Dy365 in TATA SKY   Dy365 in Airtel   Dy365 in Dish Tv   Dy365 in Videocon   Dy365 in Big TV   Dy365 in ACC
Channel No : 1953
 
Channel No : 643
 
Channel No : 1529
 
Channel No : 849
 
Channel No : 784
 
Channel No : 003
 
 
 
News Sections
 
 
Others
 
 
Photo Gallery
 
 
 
   
     
2009-15 DY365, All rights reserved,
Privacy Policy,
Powered by Web.Com (India) Pvt. Ltd.