CAclubindia News

Decisions taken to further activate the dispensing of cash

15 November 2016 at 11:33

The 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

Posted in Others | 3378 Views

Withdrawal limit increased from ATM to Rs 2500 and banks to Rs 24000

14 November 2016 at 11:16

RBI/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

Posted in Income Tax | 3 comments | 4164 Views

Sufficient cash is available with banks

14 November 2016 at 10:37

Availability 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

Posted in Income Tax | 1 comments | 3132 Views

Govt monitoring closely receipt of fake currency

14 November 2016 at 10:37

Government 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

Posted in Income Tax | 2265 Views

3 lac crore has been deposited in banking system

14 November 2016 at 10:37

Finance 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

Posted in Income Tax | 4659 Views

SIT chairman says govt has taken a bold step in demonetising notes

12 November 2016 at 11:26

The 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

Posted in Income Tax | 2 comments | 3207 Views

Govt extends existing exemption with regard to demonetisation

12 November 2016 at 11:26

Government 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

Posted in Income Tax | 7 comments | 4653 Views

Exemption withdrawn to service providers located in foreign territory on OIDAR

12 November 2016 at 11:26

To provide a level playing field to Indian service providers, the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval [OIDAR] services including electronic servic

Posted in Others | 2823 Views

Part B and C of MEF 2016-17 made live

11 November 2016 at 17:30

Sub: PART B and PART C of MEF 2016-17 will be made live from 10th November to 17th November, 2016 to enable the applicants to fill the same & get ready with Financial Documents of the applicants for Multipurpose Empanelment f

Posted in Others | 2931 Views

RBI urges public to exercise patience and says enough cash is available

11 November 2016 at 17:30

Enough Cash is Available, RBI reassures; urges Public to exercise Patience and Exchange Notes at Convenience In a statement issued today, the Reserve Bank of India has said that consequent to the withdrawal of Lega

Posted in Others | 3 comments | 2883 Views