Daily Archive: Monday, December 19, 2016

Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier

Author: | Categories: Finance Ministry No comments
Banks to conduct due diligence for old bank notes deposit exceeding Rs.5000 between 19th and 30th December, 2016 for not depositing earlier Ministry of Finance Dated: 19-12-2016 Press release Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016 The deposits of

Deemed profit us 44AD reduced to 6 percent for digital turnover or gross receipts received through banking channel for FY 2016-17

Author: | Categories: Finance Ministry No comments
Deemed profit us 44AD reduced to 6 percent for digital turnover or gross receipts received through banking channel for FY 2016-17-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th December, 2016. Press Release Measures for Promoting Digital Payments & Creation

Old note bank deposit one time limit not apply to PMGKY-2016. After Mof, RBI notification clarifies on various aspects of SNNS deposit into bank accounts

Author: | Categories: RBI No comments
Old note bank deposit one time limit not apply to PMGKY-2016. After Mof notification dated 18-12-2016, RBI notification clarifies on various aspects of SNNS deposit into bank accounts Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes)
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