CAclubindia News

686 petrol pumps have begun dispensing cash against swiping of debit cards

18 November 2016 at 17:45

Cash dispensing facility had become operational at 686 retail outlets by 4 p.m today, of which 350 belonged to IOCL, 266 to BPCL and 70 to HPCL.

Posted in Others | 2 comments | 4584 Views

Govt warns 2.5 lac exemption for cash deposit not for bank accounts that are misused

18 November 2016 at 17:11

Strict 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

Posted in Income Tax | 4 comments | 24345 Views

Transactions in relation to which quoting PAN is Mandatory

18 November 2016 at 10:47

The 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

Posted in Income Tax | 2 comments | 5325 Views

Limit reduced to Rs 2000 for daily exchange of notes

17 November 2016 at 11:46

The 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

Posted in Income Tax | 1 comments | 13923 Views

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

Posted in Income Tax | 24825 Views

Financial documents called of the applicants for MEF 2016-17

16 November 2016 at 18:44

PD/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

Posted in Others | 4011 Views

GST bill to be presented in Winter session of Parliament

16 November 2016 at 11:50

PM 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

Posted in GST | 2 comments | 4785 Views

Procedure for putting indelible ink for the customer coming to bank

16 November 2016 at 10:41

RBI/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

Posted in Others | 3 comments | 3120 Views

Jan Dhan account to be monitored closely

16 November 2016 at 10:40

The 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

Posted in Others | 2 comments | 4143 Views

ICAI Clarification on Sting Operation carried out by Aaj Tak News Channel

15 November 2016 at 18:30

The 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

Posted in Professional Resource | 9 comments | 34605 Views