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CA R T E R W A T K I N S ASSOCIATES A R C H I DATE: N C. ALL BIDDERS RE: I July 2, 2014, TO: T E C T S, BARTON COUNTY RESOURCE CENTER ADDENDUM #1 The following information provided in this Addendum
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RC HI stands for Report of Cash Transactions exceeding Rs. 10 lakh in a Financial Year.
Individuals, businesses, and professionals engaged in specified transactions are required to file RC HI.
RC HI can be filled out online through the website of the respective tax department or manually by submitting the required forms.
The purpose of RC HI is to monitor and track cash transactions to prevent money laundering and other financial crimes.
RC HI requires details such as the name of the parties involved, amount of the transaction, date of the transaction, and nature of the transaction.
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