Indelible ink marks on exchange old bank notes
As per media news, the Government in its latest directives has asked banks to use indelible ink while exchanging withdrawn/banned Rs. 500 and 1,000 notes to stop conversion of the black money. Also this is considered a move to discourage people from coming again and again to exchange old notes.
Hitherto the indelible ink are used in the process of casting of votes by marking the index finger of the voters casting a vote.
Details are awaited.
Effect on a common taxpayer of reduced timeline for filing TDS Correction statements on TDS Credits Income Tax Department has…
Accounting principles and provisions of law do not permit the addition in relation to an opening balance - ITAT In…
Penalty levied for late supply of goods is an allowable deduction u/s 37 as late supply neither a crime nor…
Deduction u/s 80P(2)(d) towards interest received from cooperative banks is allowable to a cooperative society. In a recent judgment, Hon'ble…
Supreme Court to decide difference between employees & employer contribution to PF, ESI for allowability under Section 43B of the…
There is no legislative mandate to collect tax at source under section 206C (1C) from the person involved in illegal…