Demonetization - Page 43

Incredible India! – The all new beta version

One thing we must admit that 8thand 9thNovember 2016 were the days a Chartered Accountant or a Tax Consultant has received the maximum number of phone calls on a single day, probably beating even his own birthday!...

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Posted Under: Fema / RBI |

Reg. Limit for acceptance of cash from Foreign Tourist

RBI/2016-17/113 A.P. (DIR Series) Circular No. 16 (09/11/2016)

At international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes which are legal tender;...

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Banks to remain open on November 12 & 13

RBI/2016-17/114 DBR.No.Leg.BC.31/09.07.005/2016-17 (09/11/2016)

Banks shall remain open for public transactions on Saturday, November 12 and Sunday, November 13, 2016 as regular working days for transacting all business...

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Understanding of OHD (Rs.1000/- & Rs.500/-) Notes Scheme

PM Narendra Modi on 8th November. 2016 (Tuesday) announced scrapping of Rs 500 and Rs 1,000 notes. The surprise move triggered panic reactions. News is viral on social media. As a Tax consultant I am receiving call regarding it. ...

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Posted Under: Fema / RBI | ,

Most Valued Currency Turned Valueless In A Single Stroke

Government of India has played a trump card by hitting at so many targets by just one shot demonetizing the two most valued currency notes in India, viz Rs. 500 and Rs. 1000....

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Posted Under: Fema / RBI |

Notes of Rs. 500 & Rs. 1000 have been Banned

Notes of 500 & 1000 banned from 09 November: - On 8th November, Central Government declared that notes of existing series of denomination of Rs. 500 and Rs. 1000 shall cease to be legal tender from the 9th November, 2016....

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Posted Under: Fema / RBI |

Use old 500 & 1000 notes on Toll Plaza, for LPG Cylinder etc.

S.O. 3416(E) (09/11/2016)

(i) for making payments in all pharmacies on production of doctor’s prescription and proof of identity; (j) for making payments on all toll plazas on the State and National Highways;(k) for payments on purchases LPG gas cylinders; (l) for making payments to catering services on board, during travel by rail;...

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Analysis of Government’s ‘Surgical strike’ against black money

Government's new directive that all the 500 and 1000 rupees notes that are currently in circulation will not be considered a legal tender effective midnight ,the 8th November 2016 , has been widely regarded as a historic move to combat the circulation and curbing of Counterfeit currencies....

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Posted Under: Fema / RBI |

Rs 500, 1000 Notes to be Void From Midnight, an Attempt to Curb Black Money

The PM just announced that Rs. 500 and 1000 currency notes stand abolished from midnight, which is virtually with immediate effect. ...

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Posted Under: Fema / RBI |

15 Things to know – Ban on ₹ 500 & ₹ 1000 Banknotes

Old High Denomination Bank Notes may be deposited by individuals/persons into their bank accounts and/or exchanged in bank branches or Issue Offices of RBI till the close of business hours on 30th December, 2016....

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Posted Under: Fema / RBI |
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