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Govt warns 2.5 lac exemption for cash deposit not for bank accounts that are misused
18 November 2016 at 17:11Strict Action against Tax Evaders using other persons� Bank Accounts to convert their Black Money into New Denomination Notes;�Person(s) who allows His Or Her Bank Account to be misused for this purpose can be Prosecuted for Abetment under Income Tax
Transactions in relation to which quoting PAN is Mandatory
18 November 2016 at 10:47The Income Tax Department prescribes a list of transactions for which quoting of Permanent Account Number (PAN) is mandatory. These are listed in Rule 114B of the Income Tax Rules, 1962 which were first inserted with effect from 1st November, 1998 an
Limit reduced to Rs 2000 for daily exchange of notes
17 November 2016 at 11:46The Central Government takes several decisions to facilitate farmers, small traders, Group 'C' Employees of Central Government including equivalent levels in the Defence and Para Military Forces
Bank to report to IT dept cash deposit of more than 2.5 lac in savings and 12.5 lac in current account
16 November 2016 at 19:12[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXESNOTIFICATIONNew Delhi, the 15th November, 2016G.S.R 1068(E).- In e
Financial documents called of the applicants for MEF 2016-17
16 November 2016 at 18:44PD/A- 346 /2016 Dear Sir(s)/Madam, Sub: Multipurpose Empanelment for the year 2016-17 It has been decided to call for Financial Documents of the applicants for Multipurpose Empanelment, for the year 2016-17. The above MEF has been selected as one
GST bill to be presented in Winter session of Parliament
16 November 2016 at 11:50PM urges Parties to work together to change negative perception of people about politicians PM calls for discussion on the State funding of elections and the simultaneous polls Finance Minister says Government was fully prepared for withdrawal of hi
Procedure for putting indelible ink for the customer coming to bank
16 November 2016 at 10:41RBI/2016-17/133DCM (Plg) No.1280/10.27.00/2016-17November 15, 2016The Chairman / Managing Director/Chief Executive Officer,Public Sector Banks / Private Sector Banks/ Foreign BanksRegional Rural Banks / Urban Co-operative Banks / State Co-operative B
Jan Dhan account to be monitored closely
16 November 2016 at 10:40The Prime Minister Shri Narendra Modi reviewed the position for the second consecutive day yesterday regarding the smooth supply and availability of currency notes; Among major decisions taken during the Meeting include to continue to give highest im
ICAI Clarification on Sting Operation carried out by Aaj Tak News Channel
15 November 2016 at 18:30The Institute of Chartered Accountants of India (ICAI) welcomes the historic decision of Government of India to fight against Corruption, Black Money, Terrorism and counterfeit Currency. This is a giant leap towards creating a clean and corruption-fr
Decisions taken to further activate the dispensing of cash
15 November 2016 at 11:33The Prime Minister Shri Narendra Modi reviewed the position regarding the supply and availability of currency notes yesterday late evening and took certain decisions to further activate the dispensing of cash through the networks of Banking Correspon
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