Budget 2019: Govt gives incentives to push the country ahead on digital road1 min read . Updated: 06 Jul 2019, 12:43 AM IST
- Govt proposes to levy TDS of 2% on cash withdrawal exceeding ₹1 crore in a year from a bank or post office account
- Nirmala Sitharaman says customers or merchants won’t be charged any fee or merchant discount rate for digital transactions
Budget 2019 made it clear that the Narendra Modi-led government is serious about encouraging the digital economy. It announced a penalty for use of cash beyond a limit, while introducing multiple incentives for cashless transactions.
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