Clarification on action to be taken by IT dept on cash deposits

Last updated: 10 November 2016

Replies given by Revenue Secretary Dr. Hasmukh Adhia on the questions relating to action by Income Tax Department in respect of old currency deposited in banks. Q.1A lot of small businessmen, housewives, artisans, workers may have some cash lying as their savings at home, will the income tax depa
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Recent News :

  1. CBDT Releases FAQs on Taxation and Other Laws (Amendment) Bill, 2026
  2. RBI appoints Smt. Monisha Chakraborty as new Executive Director
  3. Centre Notifies Fresh Excise Duty Changes on Petroleum Products Effective 3rd Aug 2026
  4. ICAI President Urges Chartered Accountants to Lead India's Journey Towards Viksit Bharat 2047
  5. July 2026 GST Revenue Surges to Rs 2.11 Lakh Crore, Registers 15.4% YoY Growth
  6. RBI Finalises New Deposit Interest Rate Rules, Effective from 1st Oct 2026
  7. Finance Ministry Releases Draft Rules for Inquiry, Adjudication and Appeals in Indian Insurance Companies
  8. GSTN Puts Proposed e-Way Bill Enhancements on Hold Until Further Notice
  9. Paytm Payments Bank to Be Wound Up After RBI Licence Cancellation
  10. MSME Development (Amendment) Bill, 2026 Introduced in Rajya Sabha

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Vasudevan SanthanamVasudevan SanthanamPro Member Abhishek KabraAbhishek KabraPro Member Ruchi ShahRuchi ShahPro Member VALECHA ADARSHVALECHA ADARSHPro Member Prabhakar ManjunathPrabhakar Manjunath
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Follow