Specified Bank Notes
This query is : Resolved
09 December 2019
Whether a mobile dealer can accept Rs. 500 and Rs. 1000 notes after 8th November, 2016 in exchange of phones held as stock?
13 December 2019
No, as the Notification No. 3408(E) dated 08.11.2016 as amended from time to time issued by the Central Government which specifically mentions some transaction where old currency of Rs. 500/- & 1000/- was permitted to be used does not provides for any exemption similar to your case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Depreciation of fixed assets- coop housing society in mumbai
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- TDS Return Q1 FY 2026-27
- GST rate and HSN code for sale of racing horses
- DIN reactivation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
