CAclubindia News


No over the counter exchange of old notes from today

 25 November 2016 at 10:59

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 co

Posted in Income Tax |   2 comments |   10191 Views


Steps taken by govt to promote digital payments

 24 November 2016 at 11:13

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 me

Posted in Community & General |   1 comments |   5139 Views


CAs are eligible for registration as insolvency professionals

 24 November 2016 at 11:13

Insolvency and Bankruptcy Board (IBBI) of India notifies (Insolvency Professional) Regulations, 2016; Regulations inter alia provide for registration, regulation and oversight of insolvency professionals under the Code; These regulations to come into

Posted in Professional Resource |   1 comments |   6690 Views


India signs declaration with Switzerland to retrieve information regarding Swiss bank holders

 23 November 2016 at 11:10

India and Switzerland Sign ‘Joint Declaration’ for the implementation of Automatic Exchange of Information (AEOI) between the two countries Fighting the menace of Black Money stashed in offshore accounts has been a key priority area for t

Posted in Income Tax |   4 comments |   4776 Views


PM invites views from the people on demonetisation on his app

 22 November 2016 at 16:53

The Prime Minister, Shri Narendra Modi, has invited views from the people, on the recent decision taken by the Union Government regarding currency notes of Rs. 500 and Rs. 1000. People can submit their views through a survey consisting of 10 question

Posted in Income Tax |   15 comments |   3315 Views


Demonetization: Queues Getting Shorter

 22 November 2016 at 16:53

Prime Minister Narendra Modi�s bold move to demonetize high value currency notes to curb black money and corruption signals his resolve to take on high and mighty ignoring political minefield. When the Prime Minister suddenly announced demoneti

Posted in Income Tax |   1 comments |   3348 Views


Withdrawal upto Rs 50000 allowed from OD and CC account

 22 November 2016 at 11:23

RBI/2016-17/142DCM (Plg) No.1317/10.27.00/2016-17November 21, 2016The Chairman / Managing Director/Chief Executive OfficerPublic Sector Banks / Private Sector Banks/ Foreign BanksRegional Rural Banks / Urban Co-operative Banks / State Co-operative Ba

Posted in Income Tax |   5169 Views


Conditions for withdrawing Rs 2.5 lac for wedding celebration from bank

 22 November 2016 at 11:23

RBI/2016-17/145DCM (Plg) No.1320/10.27.00/2016-17November 21, 2016The Chairman / Managing Director/Chief Executive Officer,Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign BanksRegional Rural Banks / Urban Co-operative Banks

Posted in Income Tax |   4932 Views


Govt allows farmers to purchase seeds with older notes

 22 November 2016 at 10:51

To further support farmers for the current Rabi crop, the Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or Outlets belonging to the Central or State Governments,

Posted in Community & General |   2430 Views


Central govt sends a team to states to report on status of implementation of demonetisation

 22 November 2016 at 10:51

The Central Government constitutes Committees of Addl. Secretaries/Joint Secretaries/Directors for visiting States/UTs and reporting about the status of implementation of its recent decision relating to cancellation of legal tender of high denominati

Posted in Community & General |   1 comments |   2886 Views



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