Category: Black Money

New Bank note cash withdrawal limit of 10000 removed. Exchange and ATM withdrawal Limits for 500 1000 notes also increased-Notification

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 …

Old bank notes now valid till 14-11-2016 for specified payments. Earlier, time limit was 72 hours ending 11-11-2016

Old bank notes now valid till 14-11-2016 for specified payments. Earlier, time limit of 72 hours ending 11-11-2016 was prescribed for using 500-1000 notes. Ministry of Finance Press Release 11-November, 2016 Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series …

Demonetization to bring down inflation-crackdown on black money . Role of NITI Aayog in strengthening co-operative federalism

Demonetization to bring down inflation-crackdown on black money. Role of NITI Aayog in strengthening co-operative federalism NITI Aayog Press Release 11-November, 2016 Crackdown on black money by demonetization will bring down inflation: Arvind Panagariya; Outlines the role of NITI Aayog in strengthening co-operative federalism The Vice Chairman of …

Old notes acceptable for government fees charges taxes penalties including payments to Municipal-local bodies up to 11-11-2016 midnight

Old notes acceptable for government fees charges taxes penalties including payments to Municipal-local bodies up to 11-11-2016 midnight Ministry of Finance Press Release 10th November, 2016 Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the …

Bank accounts with cash transactions income-tax e-filing website new feature to report-monitor the conversion of black money

Bank accounts with cash transactions income-tax e-filing website new feature to report-monitor the conversion of black money on bank note withdrawals.   Income Tax Department has launched a new feature in its e-filing website portal for capturing and generating reports of bank/financial institution wise cash transactions done by …
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