Notification & Circulars

Income-tax (30th Amendment) Rules, 2016

Notification No#104/2016-Income Tax 15 November 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 104/2016-Income Tax New Delhi, the 15th November, 2016 G.S.R 1068(E).- In exercise of the powers conferred by section 285BA, read with section 295 of the Incom..

Posted in Income Tax

Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Applicability of the Scheme to DCCBs

Notification No#DCM (Plg) No.1273/10.27.00/2016-17 14 November 2016

RBI/2016-17/130 DCM (Plg) No.1273/10.27.00/2016-17 November 14, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Foreign Banks/Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Co..

Posted in Community & General

Usage of ATMs – Waiver of customer charges

Notification No#DPSS.CO.PD.No.1240/02.10.004/2016-2017 14 November 2016

RBI/2016-17/132 DPSS.CO.PD.No.1240/02.10.004/2016-2017 November 14, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks White L..

Posted in Community & General

Withdrawal of Legal Tender Character of Specified Bank Notes – Expanding the distribution locations for deposit and withdrawal of cash

Notification No#DCM (Plg) No. 1274/10.27.00/2016-17 14 November 2016

RBI/2016-17/131 DCM (Plg) No. 1274/10.27.00/2016-17 November 14, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Foreign Banks Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central C..

Posted in Community & General

Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes - Recalibration and reactivation of ATMs

Notification No#2016-2017/1197 14 November 2016

It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (New) Series Banknotes including a new High Denomination (₹ 2000) in new designs. 2. ATMs play a vital role in meeting the currency requirem..

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DCCBs can allow existing customers to withdraw upto ₹ 24,000 from their accounts : RBI

Notification No#2016-2017/1198 14 November 2016

The Reserve Bank of India has today clarified that District Central Cooperative Banks (DCCBs) can allow their existing customers to withdraw money from their accounts upto ₹ 24,000 per week upto November 24, 2016. However, no exchange facility against the specified bank notes (₹ 500 and ₹ 1000) or d..

Posted in Community & General

Issue of ₹ 500 banknotes inset letter ‘L’ in Mahatma Gandhi (New) Series

Notification No#2016-2017/1196 13 November 2016

The Reserve Bank of India will shortly issue ₹ 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘L’ in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India, the year of printing '2016’ and Swachh Bharat L..

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Don't draw and hoard; enough cash in small denominations available at RBI and banks: RBI

Notification No#2016-2017/1194 13 November 2016

he Reserve Bank assures members of the public that enough cash in small denominations is also available at the Reserve Bank and banks. The Reserve Bank urges that public need not be anxious; need not come over to banks repeatedly to draw and hoard; Cash is available when they need it. A..

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Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Reporting and Monitoring – Information on Issuance of banknotes over the counters / ATMs

Notification No#DCM (Plg) No.1268/10.27.00/2016-17 12 November 2016

RBI/2016-17/128 DCM (Plg) No.1268/10.27.00/2016-17 November 12, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Cooperative Banks Dear Sir, Withdrawal of Leg..

Posted in Community & General

Notification about accepting cash payment.

Notification No#1516/CR-153/Taxation 12 November 2016

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya Mumbai 400 032, dated the 12th November 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2000. No. VAT. 1516/CR-153/Taxation-1.– Whereas, the Government of Maharashtra is satisfied that ci..

Posted in VAT