Question
Which of the following options correctly defines a
"specified transaction" under section 12AA of the PMLA?Solution
Section 12AA. Enhanced due diligence- Explanation.--For the purposes of this section, "specified transaction" means-- (a) any withdrawal or deposit in cash, exceeding such amount; (b) any transaction in foreign exchange, exceeding such amount; (c) any transaction in any high value imports or remittances; (d) such other transaction or class of transactions, in the interest of revenue or where there is a high risk or money-laundering or terrorist financing, as may be prescribed.
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By selling 18 table fans for Rs 11,664 a man incurs a loss of 10%. How many fans should be sold for Rs.17,424 to earn 10% profit?
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A invested Rs. 2x in a business. After six months B Joined him with Rs. 5x and A double his investment. If at the end of the year’s total profit i...
Jeetu purchased an article at some price and sold it at profit of 10%, he had purchased it at 15% more and sold it at a profit of 20%, then the selling ...
Neha purchased a tablet at the price of Rs. 35,000 and sold it at a loss of 18%. With this money, she again purchased a new tablet and sold that at a pr...
Article A is sold at a loss of 33.33% of its selling price, and Article B is sold at a profit of 40% of its cost price. Both articles are sold for the s...
A debtor can pay 78 paise in the rupee, but if his creditors would take 25% of his debts, he could pay them and have Rs 48 left. His debts and assets r...
Find the cost price of the digital watch for the shopkeeper if he initially marked it at 80% above the cost price and later offered two successive disco...
The first shirt is sold at twice the selling price of the second shirt. The first shirt is sold at 8% profit and the second shirt is sold at a 3% loss. ...
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