IBA directs banks to accept payment of instalments under IDS 2016



No.RB/CIR/OTC-IDS/1404A November 25, 2016 The Chief Executives of All Member Banks Dear Sir/Madam, Income Declaration Scheme 2016 Grievance regarding non-acceptance by banks of payments under IDS, 2016 through ITNS-286 We have received a communication dated November 23, 2016 from RBI on the captioned subject along with the Office Memorandum F.No.142/8/2016-TPL (Part) dated November 10, 2016 by the GOI, MOF, Department of Revenue, CBDT [copy enclosed]. It has been alleged that
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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