Income Tax News
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
Withdrawal limit increased from ATM to Rs 2500 and banks to Rs 24000
14 November 2016 at 11:16RBI/2016-17/129DCM (Plg) No.1272/10.27.00/2016-17November 13, 2016The Chairman / Managing Director/Chief Executive Officer,Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign BanksRegional Rural Banks / Urban Co-operative Banks
Sufficient cash is available with banks
14 November 2016 at 10:37Availability of cash with Bank branches and Post Offices Ministry of Finance has reviewed and taken stock of the cash availability and issuance to members of public today. Reserve Bank of India (RBI), Indian Banks Association (IBA) and a few major ba
Govt monitoring closely receipt of fake currency
14 November 2016 at 10:37Government agencies are closely monitoring receipt of fake currency notes in Banks and Post Office; Special watch is being kept receipt of fake notes in the States bordering our neighbouring countries. One of the primary objectives of cancellation of
3 lac crore has been deposited in banking system
14 November 2016 at 10:37Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of Rs. 500/- notes commenced; Instructions issued to the Banks a
SIT chairman says govt has taken a bold step in demonetising notes
12 November 2016 at 11:26The Chairman and Vice-Chairman, SIT on Black Money & Former Judges of the Supreme Court of India, Justice MB Shah and Justice Arijit Pasayat in a jointly written letter to the Union Finance Minister, Shri Arun Jaitley: The Government has taken a
Govt extends existing exemption with regard to demonetisation
12 November 2016 at 11:26Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016, with certain modifi
Process of tax reform will continue says FM
11 November 2016 at 10:49FM: Process of Tax Reforms will continue and pending GST issues will be resolved soon. FM: No Harassment of Small Depositors of Demonetised High Value Notes; Finance Minister Shri Arun Jaitley inaugurates the Two Day Economic Editors Conference in Ne
Old notes to be accepted for utility bill payments till 11th Nov
10 November 2016 at 18:08Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and local bodies;This facility available only till midnight of
Clarification on action to be taken by IT dept on cash deposits
10 November 2016 at 12:54Replies 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.1 A lot of small businessmen, housewives, artisans, workers may have some cash lying a
Popular News
- ED Files Chargesheet in Rs 734 Crore GST ITC Fraud Case
- State Govt to Expand Amnesty Scheme for Pending Pre-GST Tax Arrears
- GST Officers Leaking Return Data to Rivals for Money, Alleges Gujarat CA Group
- ICAI Moves Toward Lifting CA Advertising Ban for Global Competitiveness
- ICAI Issues FAQs on Guidance Note on Financial Statements for Non-Corporate Entities
Trending Online Classes
CAclubindia
