Transaction through cheque and draft
When transaction is made through cheque, at the time of bouncing people face lots off problem in getting the amount.
When it comes to Draft, the commission is not digest able.
When it comes to internet Banking, it is through net which can be hacked easily. Think whether a stationary shops can have a computer??? if so those expenses will also be bared by the buyers with full profit to the shop owners.
Then how the alternate solution for controlling black money will be usage of cheque, draft and net banking?????? more
When it comes to Draft, the commission is not digest able.
When it comes to internet Banking, it is through net which can be hacked easily. Think whether a stationary shops can have a computer??? if so those expenses will also be bared by the buyers with full profit to the shop owners.
Then how the alternate solution for controlling black money will be usage of cheque, draft and net banking?????? more
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The computerized bills will be the same showing price and Vat/Service Tax as the case may be separately. Only the payment will be not be cash but swiped through debit/credit card. more
Oct 03
Most of the customers who have debit cards when they deal with heavy transactions and fail to pay the money after the desired period will also become a big problem sir. Even I received a letter where our address was given the customer has not paid the debit card due. If the payment is done later(after the purchase) this problem occurs and the id proofs which they give are not being gross verified. If that was done why I am receiving such type of letters. When it was manual the shops were having to accounts one for taxable income. Do you think after computerization rate of the product and service tax has been separated??? Moreover the tax should be shared by the shop owner and the customer whether it is being done?? If it is done why it is not transparent in the bill which the shops give. more
Oct 03
Dear Brindhaji, Debit Cards are the easiest way for creation of cashless society. Even a small shop keeper can buy a swiping machine. Even now most shops and super markets have it. My bank charges me Rs.57/- per year. This may become free when we switch on to cashless transactions. Income tax benefits can be claimed for e transactions from this year onwards. more
Oct 03
