Tag: demonetisation
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 …
Fake RBI social media demonetisation circular information. RBI advises bank and public not to rely onunsecured-unofficial social media channels. From yesterday, a fake circular/notification bearing serial number RBI/2016-17/166 purporting to be from RBI was in active circulation in social media channels (whatsapp, facebook accounts etc. ). According to …
Delhi HC-weddings cash withdrawal limits not unjustified and unwarranted as the rigid conditions apply only when payments exceeds Rs. 10000/- ABCAUS Case Law Citation: ABCAUS 1069 (2016) (11) HC Important Case Laws cited: Parisons Agrotech (P) Ltd. v. Union of India (2015) 9 SCC 657, Manohar Lal Sharma …
Old Notes invalid for petrol-airtickets purchase from 03-12-2016. Earlier exemption was provided for purchase of airline tickets and petrol-Notification Notification of MoF dated 8th November, 2016 provided certain exemptions for the convenience of the members of public in carrying out certain emergent and urgent transactions using the specified …
PMJDY accounts cash withdrawal limit-Rs. 10000/- per month for fully KYC complaint account and Rs. 5000/- for Limited or Non KYC compliant account-RBIÂ Reserve Bank of India Accounts under PMJDY – Precautions RBI/2016-17/165 DCM (Plg) No. 1450/10.27.00/2016-17 November 29, 2016 The Chairman / Managing Director/ Chief Executive Officer, …
Unlimited cash withdrawal of new notes deposited in bank allowed on or after November 29 2016 for active circulation of currency notes-RBI Reserve Bank of India Withdrawal of cash from bank deposit accounts – Relaxation RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, …
No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end of the previous year as per post demonetization amendments in Income Tax Penal Provisions. Finance Minister has today introduced Taxation Laws (Second Amendment) Bill 2016 in Lok Sabha …
No revision in cash withdrawal limit including ATM. The limit of Rs 24000 was to be reviewed on 24-11-2016 as per RBI notification dated 08-11-2016 Reserve Bank of India Withdrawal of cash – Weekly limit RBI/2016-17/158 DCM (Plg) No.1424/10.27.00/2016-16 November 25, 2016 The Chairman / Managing Director/ Chief …
Exchange of old bank notes at RBI counters from 25-11-2016. The exchange shall be subject to the current limits Reserve Bank of India Withdrawal of Legal Tender Status of ₹ 500 and ₹ 1000: Exchange Facility at RBI to continue Date : Nov 25, 2016 The Reserve Bank …
Old bank notes Deposit allowed in post office savings account. Earlier Ministry banned demonetised notes deposits into small savings scheme accounts It is no more a secret that the Government on demonetisation of Rs. 500/- and Rs. 1000/- bank notes, has been caught unprepared and each day varying …
