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 …
RBI issue of inset letter L Rs 500 denomination banknotes. Inset Letter L is in both the number panels in Mahatma Gandhi (New) Series Reserve Bank of India Date : Nov 13, 2016 Issue of ₹ 500 banknotes inset letter ‘L’ in Mahatma Gandhi (New) Series The Reserve …
Depreciation and exemption both not allowable to charitable trust. Statutory provision u/s 32 to prevail over customary practice-commercial principle-ITAT The allowability of the depreciation claim to a charitable trust/institution in calculating prescribed limit of 85% towards income application u/s 11 of the Income tax Act, 1961 was settled …
Satisfaction recording 153C-same AO for searched-other person. Even if AO is one then also satisfaction has to be recorded as held by Supreme Court ABCAUS Case Law Citation: 1050 (2016) (11) ITAT The Grievance: In the instant case both Revenue and the assessee were aggrieved by the …
Chairman Black Money SIT & Former SC Judges praise old note ban. Letter to Finance Minister that Govt took bold step to demonetize Rs. 500 Rs.1000 notes Ministry of Finance 11-November, 2016 The Chairman and Vice-Chairman, SIT on Black Money & Former Judges of the Supreme Court of …
