Monday, February 15, 2010

Andanur Rajesh, Davangere

Dear Sir, We would like to request the finance minister to consider the rise of Cash transaction limit from the present Rs 20,000-00 to at least for Rs 50,000-00 and the bearer Cheque transaction limit form the present Rs 50,000-00 to at least for Rs 1,00,000-00. Due to security reasons if the limit cannot be raised to all, the finance minister can consider to raise the limit to the registered financial business only as in the case of transport business, as in the last budget the cash transaction limit is raised to Rs 30,000-00 to only transport business.

Also we would like to request the finance minister to consider to bring one TAN No to file the returns of TDS on Commissions & Salaries. At present one should have separate TAN No to file the returns of TDS on commissions & Salaries.

ANDANUR RAJESH
Managing Partner,
ANDANUR CHIT FUNDS ®
# 571/10, 1st Floor, 6th Cross,
P. J. Ext., DAVANGERE.
KARNATAKA.
vijay.tskumar@gmail.com

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