Demonetization - Page 10

How to submit online response to Cash Deposit in Bank Account

Income Tax Department has identified bank accounts which have large value cash transactions. The details of bank account are visible under Compliance section of the e-filing portal of the related persons. PAN holders can submit the on-line response as under:...

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Posted Under: Income Tax |

ITD launches Operation Clean Money to e-verify cash deposits

NA (31/01/2017)

Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. ...

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Posted Under: Income Tax |

Demonetization boosts liquidity, lowered cost of fund for Banks

There has been a significant surge in CASA deposits of most banks post demonetisation, which has given a strong boost to liquidity and lowered their cost of funds. It has also encouraged banks to lower their MCLR across all tenures. ...

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Posted Under: Income Tax |

Lower tax rates, widen tax base & reform tax administration: FICCI

In order to reap the long term benefits of demonetisation there is a need to have follow up actions such as providing a boost to demand, lowering of tax rates, widening of the tax base and reforming the tax administration....

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Posted Under: Income Tax |

Survey right in emphasizing remonetisation; ending tax harassment: ASSOCHAM

One must compliment the Chief Economic Adviser for coming out with an honest assessment and suggesting that the credibility of the system would be strengthened if tax arbitrariness and harassment are ended...

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Posted Under: Income Tax |

D & B Composite CFO Optimism Index declined most in 6 quarters

Dun & Bradstreet Composite Optimism Index for Q1 2017 declined most in six quarters on a q-o-q basis. The Composite CFO Optimism Index declined by around 8.0% on a q-o-q basis...

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Posted Under: Income Tax |

Cash withdrawal Limit for Current / CC / OD Account & ATM withdrawn

RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 (30/01/2017)

Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect....

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Can India’s Insurance Market Deal with Demonetisation?

Article Explains the impact of demonetisation on India's life insurance market can be valued by its short-term and long-term implications. According to the Economic Survey, India's insurance penetration in 2015 (2.7%) continued to be lower than the global average of 3.5%. As if the challenges were not enough, the financial sector now face...

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Posted Under: Income Tax |

India Post Payments Bank will be a game changer for financial inclusion-Manoj Sinha

IPPB is widely expected to be a game changer for financial inclusion in the country as the USP of this initiative is doorstep banking, particularly in the rural areas....

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Digitalization: More than a Technology Play

Numerous companies are adopting digital methods to stay in the business and continue to be leaders in their industry. In the past, firms used to deploy traditional means while conducting their daily operations. ...

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Posted Under: Income Tax |
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