Tag: demonetisation
Revised Income Tax Return post demonetisation to manipulation income, cash-in-hand, profits etc. to attract scrutiny penalty & prosecution-Finance Ministry Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14 December, 2016 Press Release Filing of Revised Income Tax Returns by the …
Demonetisation actually a step in cashless economy direction. Is Finance Minister’s statement a major shift in PM Modi’s stated demonetisation objectives in view of Government’s failure to manage post demonetisation affairs? Ministry of Finance Press Release 13 December, 2016 Transcription of the Finance Minister’s Statement made to media …
More and more notes are printed and issued daily-RBI briefs Media agencies on Currency Issues and alleged involvement of staff in suspicious transactions Reserve Bank of India Date : Dec 13, 2016 Shri R. Gandhi and Shri S. S. Mundra, RBI Deputy Governors brief Agencies on Currency Issues: …
Bank to mention old-new currency deposits in counterfoils and educate customers to fill-up cash deposit slips showing old or new currency with denomination – Finance Ministry The Ministry of Finance through a letter to all the MDs &CEOs/CMDs of PSBs and Chairman, IBA directs that all the bank branches …
CAs illegal conduct in demonetisation scheme ICAI advisory for not indulging in any acts to subvert the intentions of the Government Demonetisation Policy announced by Government of India – An Advisory for Members December 9, 2016 ANNOUNCEMENT For attention of Members Demonetisation Policy announced by Government of India- …
Demonetisation irregularities-CBDT facing man-power shortage. CBDT Chairman asks PrCCITs to spare AOs and Inspectors for Investigation Wing After the demonetisation and withdrawal of Old currency notes of Rs. 500/- and Rs. 1000/-, the Investigation Directorates of the Income Tax Departments have intensified enforcement actions in detecting serious irregularities. …
Banks to install additional one million new PoS Terminals by 31st March 2017 to facilitate cashless transactions Ministry of Finance Dated: 6th December, 2016 Press Release In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new …
Serious irregularities found Post De-monetization referred to CBI-ED by CBDT to examine the criminal conduct for immediate necessary action Ministry of Finance 6th December, 2016 Press Release Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) …
Misuse of Jan-Dhan Accounts post demonetisation. Among rumors of freezing of JDY accounts, CBDT wanrns such account holders not to consent to deposit of undisclosed money in their accounts Ministry of Finance 04-December, 2016 Tax Investigations unearth mis-use of Jan-Dhan Accounts; Account holders once again urged by CBDT not to …
Increased PAN applications due to demonetisation and amendments in Rule 114B and Rule 114E. Timely resolution of probable duplicate PAN marked by system Income Tax is gearing up of the PAN services due to sharp increase in PAN Applications after the recall of high denomination bank notes and …
