Deposit Notes
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Not All Queueing Up At Reserve Bank Eligible To Deposit Notes: Government
Days before it becomes an offence to hold banned Rs 500 and Rs 1,000 currency notes, the finance ministry has told parliament that some of the people queuing up at the Reserve Bank are "ineligible" to deposit old notes. The facility is open only for Non-Resident Indians and those who were travelling abroad during November-December last year, the go...
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Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4 Years Lock-In
The cabinet has cleared new amendments to existing laws to charge a minimum 50 per cent tax on unexplained bank deposits made using banned 500 and 1,000 rupee notes up to December 30. It will be introduced in parliament next week.
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Do Not Be Misused By The Corrupt: Government Warning on Notes Ban
Government today cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.
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Not All Queueing Up At Reserve Bank Eligible To Deposit Notes: Government
Days before it becomes an offence to hold banned Rs 500 and Rs 1,000 currency notes, the finance ministry has told parliament that some of the people queuing up at the Reserve Bank are "ineligible" to deposit old notes. The facility is open only for Non-Resident Indians and those who were travelling abroad during November-December last year, the go...
-
Repeat Deposits Of Old Notes Raise Doubts: Arun Jaitley On Latest Rule Change
Finance Minister Arun Jaitley today explained the latest change in rules for depositing old notes in bank accounts, criticised by the opposition as "desperate measures." The government had said on Monday that people can from now till December 30 make just one deposit of more than 5,000 rupees in banned 500 and 1,000-rupee notes and will have to exp...
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4 Years Lock-In
The cabinet has cleared new amendments to existing laws to charge a minimum 50 per cent tax on unexplained bank deposits made using banned 500 and 1,000 rupee notes up to December 30. It will be introduced in parliament next week.
-
Do Not Be Misused By The Corrupt: Government Warning on Notes Ban
Government today cautioned Jan Dhan account holders, housewives and artisans that they will be prosecuted under the I-T Act for allowing misuse of their bank accounts through deposit of black money in Rs 500/1,000 notes during the 50-day window till December 30.
