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Cash transactions over 10,000 lakh are illegal in India [1]. Spain, France and Greece have all recently introduced limits [2]. Germany [3] has tried to introduc
by zik 6y ago
Cash transactions over 10,000 lakh are illegal in India [1]. Spain, France and Greece have all recently introduced limits [2]. Germany [3] has tried to introduce similar limits but have failed (so far). Australia's introducing a limit soon [4].
[1] https://babatax.com/cash-transaction-limit-in-india-cash-payment-or-cash-receipt/ https://babatax.com/cash-transaction-limit-in-india-cash-pay...
[2] https://wolfstreet.com/2017/01/28/europe-limits-on-cash-transactions-war-on-cash/ https://wolfstreet.com/2017/01/28/europe-limits-on-cash-tran...
[3] https://www.theguardian.com/world/2016/feb/08/german-plan-prohibit-large-5000-cash-transactions-fierce-resistance https://www.theguardian.com/world/2016/feb/08/german-plan-pr...
[4] https://www.accountantsdaily.com.au/business/14087-government-given-the-green-light-over-10k-cash-limit-bill https://www.accountantsdaily.com.au/business/14087-governmen...
- viraptor 6y agoSure, there are limits of non-tax-traceable payments in a few places. The part that surprised me was literally "carry too much cash" which is not quite the same thing.