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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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What is r c h i?
RC HI stands for Report of Cash Transactions exceeding Rs. 10 lakh in a Financial Year.
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Individuals, businesses, and professionals engaged in specified transactions are required to file RC HI.
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RC HI can be filled out online through the website of the respective tax department or manually by submitting the required forms.
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The purpose of RC HI is to monitor and track cash transactions to prevent money laundering and other financial crimes.
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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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