{"id":13948,"date":"2016-07-26T08:26:57","date_gmt":"2016-07-26T08:26:57","guid":{"rendered":"https:\/\/www.edristi.in\/?p=13948"},"modified":"2016-07-26T08:26:57","modified_gmt":"2016-07-26T08:26:57","slug":"fifth-report-sit-black-money","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/fifth-report-sit-black-money\/","title":{"rendered":"Fifth report of the SIT on black money"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: What is the maximum limit for on cash transactions recommended by SIT on black money?<\/strong><br \/>\n(a) Upto 4 Lakhs<br \/>\n(b) Upto 3 Lakhs<br \/>\n(c) Upto 5 Lakhs<br \/>\n(d) Upto 2.5 Lakhs<br \/>\n<strong>Ans: (b)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\">The Fifth SIT report has been submitted before the Hon\u2019ble Supreme Court by the SIT.<\/li>\n<li style=\"text-align: justify;\">The SIT has recommended that there should be a total ban on cash transactions above Rs.3 Lakhs and an Act is framed to declare such transactions as illegal and punishable under law.<\/li>\n<li style=\"text-align: justify;\">SIT has suggested an upper limit of Rs.15 lakhs on cash holding.<\/li>\n<li style=\"text-align: justify;\">Further stating that in case any person or industry requires holding more cash, it may obtain necessary permission from the Commissioner of Income tax of the area.<\/li>\n<li style=\"text-align: justify;\">Notably, in June 2014, a Special Investigation Team was constituted headed by former judge of the Supreme Court M. B Shah.<\/li>\n<li style=\"text-align: justify;\">The special investigation team probing allegations of black money.<\/li>\n<\/ul>\n<p><strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=147082\" target=\"_blank\">http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=147082<\/a><br \/>\n<a href=\"http:\/\/www.dor.gov.in\/sites\/upload_files\/revenue\/files\/Press_Release_SIT_5_Report%281%29.pdf\" target=\"_blank\">http:\/\/www.dor.gov.in\/sites\/upload_files\/revenue\/files\/Press_Release_SIT_5_Report%281%29.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: What is the maximum limit for on cash transactions recommended by SIT on black money? (a) Upto 4 Lakhs (b) Upto 3 Lakhs (c) Upto 5 Lakhs (d) Upto 2.5 Lakhs Ans: (b) Related facts: The Fifth SIT report has been submitted before the Hon\u2019ble Supreme Court by the SIT. The SIT has recommended [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1137],"tags":[2541],"class_list":["post-13948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mis","tag-miscellaneous-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/13948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=13948"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/13948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/13854"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=13948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=13948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=13948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}