Withdrawing Rs 10 lakh a year may attract 3-5% tax

Budget alert!!!!

Withdrawing Rs 10 lakh a year may attract 3-5% tax: Finance Ministry

In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of Rs 10 lakh in a year, a move to discourage cash usage in the economy and resultant black money.

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