The ban on all cash transactions above Rs 3 lakh introduced in the Budget by Finance Minister Arun Jaitley is a very good effort, but it will not be easy, says Sudhir Kapadia of EY.Although there may be no revolutionary move with respect to tax measures this Budget, Kapadia says it was very smart of the government to decrease the tax rate of the lowest slab rather than increasing the lower limit of the lowest slab from Rs 2.5 lakh to Rs 3 lakh that was widely expected."This will help in maintaining the tax base," he says.Watch videos for more.
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