Demonetization - Page 20

Pradhan Mantri Garib Kalyan Yojana, 2016 applicable from 17.12.2016

Notification No. 115/2016-Income Tax (16/12/2016)

CBDT notifies 17th day December, 2016, as date on which Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 comes into force....

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Pradhan Mantri Garib Kalyan Deposit Scheme, 2016

S.0.4061 (E) (16/12/2016)

This Scheme may be called Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 and come into force from 17th December 2016 and shall be valid till 31st March 2017....

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Salient features of Taxation Laws (Second Amendment) Act 2016

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 introduced under the said Act to commence from tomorrow i.e.17th December, 2016 and to remain open for declarations up to 31st March, 2017. ...

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Posted Under: Income Tax |

No charge on IMPS, UPI & USSD of transaction value upto Rs. 1000

RBI/2016-17/185 DPSS CO.PD.No.1516/02.12.004/2016-17 (16/12/2016)

Banks and Prepaid Payment Instrument issuers shall not levy any charges on customers for transactions upto Rs. 1000 settled on IMPS, USSD and UPI systems....

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Merchant Discount Rate (MDR) for transactions upto Rs. 2000 reduced

RBI/2016-17/184 DPSS.CO.PD.No.1515/02.14.003/2016-17 (16/12/2016)

Banks were advised to cap MDR for debit card transactions at not exceeding 0.25% of transaction amount for value upto ₹ 1000 and not exceeding 0.50% of transaction amount for value above above ₹ 1000/- and upto ₹ 2000/-...

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Limit on foreign citizens to exchange Indian currency to continue till 31.12.2016

RBI/2016-17/186 A.P. (DIR Series) Circular No. 22 (16/12/2016)

The restriction imposed on foreign citizens by which they were permitted to exchange foreign exchange for Indian currency notes only up to a limit of ₹ 5000/- per week till December 15, 2016, is been extended till 31st December 2016. ...

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Digital Financial Literacy campaign gets Tremendous response

Vittiya Saksharta Abhiyan (VISAKA) a Digital Financial Literacy campaign launched by Ministry of Human Resource Development has got a tremendous response....

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Posted Under: Income Tax |

Digidhan Mela for Digital Payment Options

DigiDhan Mela is being organized at Major Dhyanchand National Stadium, Delhi to create awareness about benefits of Digital Payment option....

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Posted Under: Income Tax |

Digital transactions, not a substitute, for cash transactions: FM

FM Says that digital transactions are a parallel mechanism, not a substitute, for cash transactions; less cash can be gradually substituted through digital payments ...

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Posted Under: Income Tax |

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Operational Guidelines

RBI/2016-17/188 IDMD.CDD.No.1454/14.04.050/2016-17 (16/12/2016)

Application for deposit under Pradhan Mantri Garib Kalyan Deposit Scheme shall be made in Form II, indicating amount, full name, PAN, Bank Account details and address of declarant....

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