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8 months ago
India to offer tax benefit to promote cashless economy - minister
December 20, 2016 / 8:14 AM / 8 months ago

India to offer tax benefit to promote cashless economy - minister

NEW DELHI, Dec 20 (Reuters) - India will offer tax incentives to small businesses engaged in cashless transactions, Finance Minister Arun Jaitley told reporters on Tuesday.

The move is part of the government's drive to promote a cashless economy, Jaitley said, after the government decided to scrap high-value banknotes last month in a bid to make them worthless for holders of unaccounted wealth. (Reporting by Manoj Kumar; Editing by Malini Menon)

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