Day Trading Stocks & Futures

siddhant4u

Well-Unknown Member
War on Cash as we are heading towards on surveillance society.

The government is looking at the possibility of introducing
a tax on those withdrawing Rs 10 lakh in cash a year

Note :-withdrawal had nothing to do with black money or any other fancy stories

.
https://timesofindia.indiatimes.com...of-rs-10-lakh-a-year/articleshow/69718027.cms
True. if money is already in bank why tax it? If digital cash is all they want, get rid of all type of charges on banking transactions. All govt departments should accept only bank transfer or card payments. Does govt think people will take out cash and buy property/gold in cash to avoid paying GST? Cash transactions is used day to day bcos not all shopkeepers use POS, nor all taxi/auto/school accept digital money.

In my opinion taxing cash withdrawal means, people will stop depositing money in to bank accounts again.
 

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