Electronic transaction and transaction through bank instruments.
It is suggested that Electronic transaction should not be restricted only for Tax payments, but also all transactions where cash dealings should be avoided. Even small traders having turn over of 1 lakh rupees per day should be made to transact payments by customers through debit/credit cards. The RBI should remove ceiling of amount as well as number of times ATMs are used, through such cards as such restrictions motivates many for direct cash transactions. More over RBI/BANKs should remove many of the transaction fees/charges for petty matters as such action would not end in loss to banks but GOI would get revenue through many ways. more
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Along with this big denomination notes should be permanently withdrawn or else public will have the tendency of paying by cash. more
Jun 24
Very rightly said sir . the slab limit if carried at Rs.20,000/- will reasonably help the issue . Very rightly said sir . the slab limit if carried at Rs.20,000/- will reasonably help since there is no upper limit. IN DEED THE FOLLOWING IS NEEDED TO BE IMPLEMENTED SIMULTANEOUSLY FOR A GOOD ACHIEVEMENT FAST AT EASE. 1`. Issuance of Bankers Cheques at free charge Rs500/- above in any number favouring indentor or order . 2. Issuance of postal orders also with the same procedure. LOCAL CIRCLES TO PLEASE CONSIDER THIS APPLICATION TOO. more
Jun 24
The Governments, both GOI and State Govts., should not tax too much and throw heavy burdens on public as this taxes as well as escalation of prices motivates people to follow unethical methods. THIS IS THE MAJOR CAUSE FOR THE CATASTROPHE OF HE SOCIETY. more
Jun 24
