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

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 â‚ą 500/- and â‚ą 1000/- Bank Notes – Applicability of the Scheme to DCCBs …

No Concealment if return revised due to search of other person when assessee filed it voluntarily and no proceedings initiated u/s 153 against him-ITAT

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. …

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 …