Tag: Withdrawal of 2000 500 Bank Notes
88% of the ₹2000 banknotes have returned back as on 31.07.2023 – RBI The Reserve Bank of India on 19th May 2023 had announced the withdrawal of ₹2000 banknotes from circulation. According to RBI, the total value of ₹2000 banknotes in circulation as on March 31, 2023 amounted …
AO not allowed to make addition in the hands of the housewives for cash deposit in bank during demonetization if less than 2.5 lakhs ABCAUS Case Law CitationABCAUS 3520 (2021) (07) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) National Faceless …
Updated FAQs on cash withdrawal-exchange of Bank Notes by RBI dated 09-02-2017. Effective March 13, 2017, there will be no limits on cash withdrawals from Savings Bank accounts. Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- and The …
SC Hearing on Demonetisation deferred to Friday, 9th December, 2016 Due to the non availability of the Chief Justice T. S. Thakur, the hearing has been adjourned to 9th of December, 2016 Earlier on 02-12-2016 Today, the Hon’ble Supreme Court started hearing a bunch of petitions (15 in …
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 …
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 …
Cash withdrawal limit from bank accounts-atm to be decided by RBI. Powers given to RBI including withdrawal from current account and ATM-Finance Ministry MINISTRY OF FINANCE (DEPARTMENT OF ECONOMIC AFFAIRS) NOTIFICATION New Delhi, 30th November, 2016 S.O. 3599(E).—In exercise of the powers conferred by sub-section (2) of section …
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-RBI 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, …
