Category Archives: Notifications

Taxman asked details of Cash Deposit Exceeding Rs 2.5 Lakh in Bank A/c -Notification 15.11.2016

By | November 16, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th November, 2016 G.S.R. 1068(E).—In exercise of the powers conferred by section 285BA, read with section 295 of the Incometax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the… Read More »

MVAT Notification on Acceptance of old Rs 500/ 1000 Bank Notes

By | November 16, 2016

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya Mumbai 400 032, dated the 12th November 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2000. No. VAT. 1516/CR-153/Taxation-1.— Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005… Read More »

Cash withdrawal from District Central Cooperative Banks upto Rs 24000 per week

By | November 15, 2016

RBI/2016-17/130 DCM (Plg) No.1273/10.27.00/2016-17 November 14, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks/ Foreign Banks/Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central Cooperative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Applicability… Read More »

Permissible Payments with old bank note -date Extended to 24.11.2016- Notification 14.11.2016

By | November 15, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 14th November, 2016 S.O. 3448(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of… Read More »

Cash withdrawal from current account restricted Rs 50000 weekly: Notification 14.11.2016

By | November 15, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 14th November, 2016 S.O. 3449(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of… Read More »

Public Sector Gas Marketing Companies allowed to accept old Bank notes Rs 500 and Rs 1000 -Govt Notification

By | November 14, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 13th November, 2016 S.O. 3447(E).—In the notification of the Government of India in the Ministry of Finance, Department of Economic Affairs vide number S.O. 3408(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the… Read More »

Govt Notification on Cash Withdrawal Rs 24000 weekly & ATM limit Rs 2500 daily

By | November 14, 2016

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 13th November, 2016 S.O. 3446(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby amends the notification of the Government of India, in the Ministry of Finance,… Read More »

Withdrawal of Service tax exemption on cross border B2C OIDAR services

By | November 12, 2016

Withdrawal of exemption from service tax on cross border B2C OIDAR services provided online/electronically from a non-taxable territory to consumers in taxable territory in India Circular No. 202/12/2016-Service Tax F.No. 354/149/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated the 9th November, 2016 To, Principal Chief Commissioners of Customs and… Read More »

Notification No 49/2016-Service Tax dt. 09-11-2016 Compliance for online information and database access or retrieval services

By | November 12, 2016

Notification No 49/2016-Service Tax dt. 09-11-2016 Seeks to amend notification No. 30/2012- ST, dated the 20th June, 2016 so as to put compliance liability of service tax payment and procedure on to the service provider located in the non-taxable territory with respect to online information and database access or retrieval services provided in the taxable… Read More »