Black money hoarders beware! I-T department is now free to raid anywhere anytime
This year’s budget is a significant one to curb black money in India. The finance minister has made effective an array of regulations to make India free of black money that includes putting a cap on cash donations to political party and making all transactions above Rs 3.5 lakh cash free.
Not just that, this year’s budget taking place two months after demonetization is already pumped up keeping a target of cash-less economy.
Here’s why people still hoarding black money at home needs to be fear about.
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