Demonetization - Page 30

Reflect correctly cash deposit in old and new currency on deposit slips

Bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same; Action taken in this regard be reported by 16.12.2016....

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Posted Under: Finance |

Post Demonetization: Increase turnover decrease tension in Income Tax

Central government is taking various initiatives to reduce transactions in cash thereby increasing transactions through banks. So in F.Y. 2016-17 what will be effect of all this and on income tax provisions?...

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Demonetisation: ICAI issues revised advisory for members after criticism

ICAI has revised it advisory and removed the part which advises members to  not to share /write any negative personal views by way of an article or interview on any platform regarding demonetisation. ANNOUNCEMENT For attention of Members Demonetisation Policy announced by Government of India- An Advisory for Members As you may be aware, ...

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Posted Under: Finance |

IT dept Seizes Rs. 106.52 crore Cash & 127 kg Gold in Chennai

Seizure of Rs. 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax Department. Eight premises (six residential & two offices) were covered in the search....

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Posted Under: Finance |

Awareness Programme by RBI post demonetization

Following the cancellation of legal tender character of old banknotes of high denomination, to minimize the inconvenience to public, telephone helplines has been set up by RBI...

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Promotion of cashless transactions in CBSE affiliated schools

CBSE/SECY/SPS/2016 10/12/2016

CBSE introduced e-payment for collection of fee for examination, affiliation & various activities including payments to its examination functionaries...

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Govt decisions to help farmers after demonetization

Government has taken several decisions to aid the farmers in the current Rabi season to facilitate farming activities and to support rural economy....

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Posted Under: Finance |

Govt withdraws few exemptions given for use of Rs. 500/- old notes

Government withdraws exemptions given for the use of Rs. 500/- old notes, from the mid night of December 9, 2016, for making payments at railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets...

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Posted Under: Finance |

Committee on Digital Payments submit its report to Finance Minister

Committee on Digital Payments headed by Shri. Ratan P Watal, Principal Advisor, NITI Aayog submits its Final Report to Union Finance Minister ...

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Posted Under: Finance |

Prepaid Payment Instrument issuers to get Technical Audit done: RBI

RBI/2016-17/178 DPSS.CO.OSD.No.1485/06.08.005/2016-17 09/12/2016

All authorised entities/banks issuing PPIs in the country are advised to: i. carry out a special audit by the empanelled auditors of Indian Computer Emergency Response Team (CERT-In) on a priority basis and take immediate steps thereafter to comply with the findings of the audit report...

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