Demonetization : SOP Issued for Assessing Officer for Verification of Cash Transactions

By | February 21, 2017
(Last Updated On: February 21, 2017)

CBDT issues Standard Operating Procedures to verify taxpayers’ cash transactions

Instructions No 03/2017

Dated 21.02.2017

Related Post on Cash Transactions

Cash Transaction 2016 -FAQ’s released for e-filing on income tax website

Seized Cash by Police – Eligible for PMGKY scheme- P & H High Court

How to reply to Income Tax Notice on SBN Cash Deposits PMGKY Vs Penalty under Tax

Related Post on Demonetization

ParticularsDateCircular No
Ceasing of bank notes of existing series of denomination of value of Rs.500  and  Rs 1000 (specified bank notes) to be legal tender w.e.f. 9-11-2016


8-11-2016NOTIFICATION NO. S.O. 3407(E) [F.NO.10/03/2016-CY.I],

[ Last Amended by S.O. NO. 4086(E) Dated 17.12.2016 ]

Old Notes of Rs 500 and Rs 1000 can be used for Specified Transactions till 15.12.20168-11-2016NOTIFICATION NO. S.O. 3408(E) [F.NO.10/03/2016-CY.I],

[ Last Amended by S.O. NO. 3678 (E) Dated 7.12.2016


Rs 2000 Bank Note Notification by Govt of India08.11.2016NOTIFICATION NO.  S.O. 3409(E). [[ Last Amended by S.O. 3417(E)  Dated 9.11.2016]


Specified Bank Notes (Cessation of Liabilities) Ordinance, 201630.12.2016Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016
Grace period to citizen of India for Depositing old Bank Notes after 30.12.201630.12.2016NOTIFICATION NO S.O. 4251(E)
How and Where to Deposit Old bank notes after 30.12.2016 : RBI prescribed procedure


DCM (Plg) No.2170 /10.27.00/2016-17
How to deposit old Bank notes at RBI after 30.12.2016 -Key Points ] Article by

Leave a Reply

Your email address will not be published. Required fields are marked *