Government proposes income tax benefits for debit/credit card payments
Author: Unnamed Reporter - Published 2015-06-24 01:10Finance minister Arun Jaitley had announced the government's intent to encourage cashless transactions in his budget speech.
"One way to curb the flow of black money is to discourage transactions in cash. Now that a majority of Indians has, or can have, a RUPAY debit card, I therefore, propose to introduce soon several measures that will incentivise credit or debit card transactions and disincentivise cash transactions," he had said.