CAclubindia News

Process of tax reform will continue says FM

11 November 2016 at 10:49

FM: 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

Posted in Income Tax | 2976 Views

Old notes to be accepted for utility bill payments till 11th Nov

10 November 2016 at 18:08

Old 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

Posted in Income Tax | 1 comments | 5172 Views

Clarification on action to be taken by IT dept on cash deposits

10 November 2016 at 12:54

Replies 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

Posted in Income Tax | 5 comments | 48207 Views

Government suspends payment of fees on all toll plazas on National Highways

10 November 2016 at 12:05

Government suspends payment of fees on all toll plazas on National Highways till midnight of 11.11.2016 The government has decided to suspend payment of fees at toll plazas on all National Highways till the midnight of 11.11.2016. Instructions in thi

Posted in Income Tax | 3516 Views

Direct and indirect tax collection show a jump of 10.6 and 26.7 percent

10 November 2016 at 10:41

Direct Tax Collections up to October, 2016 show an increase of 10.6%; Net Direct Collections stood at Rs.3.77 lakh crore;44.5% of the Budget Estimates of direct taxes for FY 2016-17 has been achieved. The figures for Direct Tax Collections up to Octo

Posted in Income Tax | 1 comments | 2499 Views

Banks to remain open for public on Saturday, November 12 and Sunday, November 13, 2016

09 November 2016 at 18:06

RBI/2016-17/114DBR.No.Leg.BC.31/09.07.005/2016-17November 9, 2016The Chairman / Managing Director and Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/Small Finance Banks / Regional Rural Banks / Local Area BanksAll C

Posted in Others | 3 comments | 17973 Views

RBI circular to banks for withdrawal of legal tender of Rs 500 and 1000

09 November 2016 at 12:41

RBI/2016-17/112 DCM (Plg) No.1226/10.27.00/2016-17 November 08, 2016The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative

Posted in Others | 6804 Views

RBI issues Rs. 2000 note in a new series

09 November 2016 at 09:48

RBI issues Rs. 2000 note in a new series

Posted in Others | 3486 Views

Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes

09 November 2016 at 09:48

Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016.

Posted in Others | 1 comments | 3942 Views