Category: Finance Ministry

Action on using other persons Bank Accounts to deposit cash to convert black money into New Denomination Notes-Finance Ministry

Action on using other persons Bank Accounts to deposit cash to convert black money into New Denomination Notes-Finance Ministry  Ministry of Finance Dated: 18 Nov, 2016 Press Release Strict Action against Tax Evaders using other persons’ Bank Accounts to convert their Black Money into New Denomination Notes; Person(s) …

No proposal to seal bank lockers and confiscate gold/diamond jwellery-Finance Ministry tweet to clarify on various myths on the demonetisation issue

No proposal to seal bank lockers and confiscate gold/diamond jwellery-Finance Ministry tweet to clarify on various myths on the demonetisation issue Finance Ministry issued series of tweets to clarify on various myths on the demonetisation issue. Ministry said no bank lockers will be sealed. It said enforcement agencies …

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 …

Suggestions invited-Industry-Trade Associations Budget 2017-18 regarding changes in direct and indirect taxes by Finance Ministry

Suggestions invited-Industry-Trade Associations Budget 2017-18 regarding  changes in  direct and indirect taxes by Finance Ministry F.No.334/12/2016-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit Room No. 146G, North Block New Delhi, dated the 6th October, 2016 To Trade and Industry Associations Subject: Suggestions from  the …