Month: November 2016
Income tax notice us 133(6) asking cash balance as on 08-11-2016 as a preventive measure to check black money conversion by Trusts and Societies. It is learnt that Income Tax Department is issuing notices u/s 133(6) to various entities to furnish the details of cash balance as per …
Yamuna Expressway Authority-If charitable Institution us 12AA or not to be decided by Allahabad High Court, Questions of Law framed ABCAUS Case Law Citation: 1054 (2016) (11) HC Important Case under consideration: Sri Ramtanu Co-operative Society v. State of Maharashtra Indian Trade Promotion Organization v. Director General of …
Sale-purchase in only few share scrips not high volume. STCG was not business income as a person can act both as trader and investor-ITAT ABCAUS Case Law Citation: 1053 (2016) (11) ITAT Assessment Year 2010-11 Brief Facts of the Case: The appellant assessee was an individual. Her …
DCCB not allowed to exchange-deposit old notes of Rs 500 1000. However District Central Cooperative Banks can allow withdrawal of notes under limits-RBI Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Applicability of the Scheme to DCCBs …
Task Force for ATMs recalibration reactivation for new bank notes dispensation. Expeditious reactivation of all ATMs in planned manner. Reserve Bank of India Date : Nov 14, 2016 Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes – Recalibration and reactivation of ATMs It …
No Concealment if return revised due to search of other person when assessee voluntarily filed revised ITR and no proceedings were initiated u/s 153 against him-ITAT ABCAUS Case Law Citation: 1052 (2016) (11) ITAT Important Case considered: Ravi Sud vs. ACIT (2015) 39 ITR (T) 356 CIT vs. …
Pensioners Life Certificate submission due date extended to 15-01-2017. Last date of November extended for government pensioners As per the Press Release of Ministry of Finance (Department of Economic Affairs) dated 13th Nov, 2016, in view of the problems faced by the citizens in the distribution of the …
New Bank note cash withdrawal limit of 10000 removed. Exchange and ATM withdrawal Limits for 500 1000 notes also increased by Rs. 500/-Notification MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 13th November, 2016 S.O. 3446(E).—In exercise of the powers conferred by sub-section (2) of …
New bank notes cash withdrawal limit increased to Rs.24000. Limit of 10000 per day removed. ATM and exchange revised limit increased by Rs. 500/- Government of India Ministry of Finance Department of Economic Affairs ******** November 13, 2016 Press Release Today (13.11.2016) Finance Ministry has reviewed the position …
Adequate stocks of new notes kept ready in Currency Chests at more than 4000 places in the country, Printing Presses printing the notes at full capacity-RBI Reserve Bank of India Date : Nov 12, 2016 Withdrawal of Legal Tender Character of ₹ 500 and ₹ 1,000: RBI Statement …
