Retail
Budget Impact: Rs 3 lakh cash limit will not hamper luxury purchases
Purchases of luxury products like expensive watches and high end bags can be paid for in cash only up to three lakh. However, there is already an anti-black money measure in place – from January 1, 2016, permanent account number has been made mandatory for purchases above two lakh rupees. But many luxe dealers and retailers feel it will not make...
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