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Bank official suspended for not following RBI guidelines


Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBIs instructions post demonetisation of Specific Bank Notes by the Government w e f midnight of 8th November 2016 Pursuant to the decision of the Government to demonetise Specified Bank Notes w e f

POS Devices exempted from Central Excise Duty till 31st March


Point of Sale POS Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31 2017 The Government has demonetised the currency notes of Rs 500 and Rs 1 000 with effect from mid night of 8th 9th November 2016 Along with this the Government has also laid increased

RBI Announces Measures to Manage Liquidity Conditions


With the withdrawal of the legal tender status of 500 and 1 000 denomination bank notes hereafter referred to as Specified Bank Notes SBNs beginning November 9 2016 there has been a surge in deposits relative to the expansion in bank credit leading to large excess liquidity in the system The magnitu

No over the counter exchange of old notes from today


After due consideration of all relevant aspects the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of old Rs 500 and Rs 1000 notes No over the counter exchange of old Rs 500 and Rs 1000 notes after m

Steps taken by govt to promote digital payments


The Central Government takes various decisions for the benefit of farmers in the current Rabi Season and to promote digital payments in the economy Following the cancellation of legal tender character of old Rs 500 and Rs 1000 notes a number of measures have been announced by the Union Government ta

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Guidelines for replacement of Rupees 500 and 1000 notes


Guidelines for replacement of existing Rs 500 and Rs 1000 notes with new notes and to understand the procedure of scheme and relevant provisions of Income Tax 1 In terms of Gazette Notification No 2652 dated November 08 2016 issued by Government of India Rs 500 and Rs 1 000 denominations of Bank Not


Unexpected Paper of IPCC Taxation on 8th Nov 2016


The Paper seemed quite unfamiliar at 1st Instance as majority of the Questions were Not from Practice Manual It seemed that Examiners studied the Entire Module thoroughly before selecting the Questions The length of the Paper was Average Then too Manageable Standard of Paper Direct Tax was Manageabl


FAQ on withdrawal of high denomination notes


Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of 500 and 1000 Updated as on December 01 2016 Updated as on December 01 2016 Updated as on November 30 2016 Updated as on November 28 2016 Updated as on November 25 2016 Updated as on November 23 2016 Updated as on


Notes of Rs 500 and 1000 discontinued


1 Notes of 500 1000 banned from 09 November On 8th November Central Government declared that notes of existing series of denomination of Rs 500 and Rs 1000 shall cease to be legal tender from the 9th November 2016 2 Using of such notes for specified transactions Further Central Government hereby dec


Analysis of Paper 3: Cost Accounting & Financial Management (IPCC)


Here is the Brief Analysis of Paper 3 Cost Accounting Financial Management IPCC held on 6th November 2016 Overview The Paper seemed quite familiar manageable as majority of the Questions were taken directly from ICAI Material Maximum Almost All Questions were from ICAI Module PM RTP Length Average M


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Updated on : 12/5/2016 8:56:13 AM


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