GUWAHATI: With the model code of conduct in force, the Election Commission will be tightening its grip over illegal money transactions during the upcoming elections.
During the election period, the maximum amount of cash that can be carried by an individual will be Rs. 50,000. To carry any amount more than this, necessary documents, including legal source and end use, besides business, will be required.
If you want to carry cash more than Rs. 10 lakhs, you will have to inform the income tax department.
If someone is found with monetary amount exceeding Rs 10 lakh, the income tax department will be informed by the EC and only after providing necessary proofs, the sum will be released.
These guidelines have been provided by the Kamrup (M) District Administration.