TAX ON CASH WITHDRAWAL FROM BANK I CA SATBIR SINGH
TAX ON CASH WITHDRAWAL FROM BANK I CA SATBIR SINGH
Tag Archives: Cash Withdrawal from Bank
Cash withdrawal from Bank and use of RS 500 old note : RBI updated FAQ 04.12.2016
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »
Cash Withdrawal from Bank -RBI Updated FAQ 01.12.2016
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 01, 2016 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »
Cash withdrawal from bank / ATM ;- Govt allowed RBI to specify Limit
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION S.O. 3599(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 Finance, Department of Economic Affairs number… Read More »
Cash Withdrawal from Bank- RBI updated FAQ
Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »
RBI updated FAQ on Cash Withdrawal from Bank -22.11.2016
Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 22, 2016) (Updated as on November 22, 2016) (Updated as on November 21, 2016) (Updated as on November 18, 2016) (Updated as on November 16, 2016) (Updated as on November 14, 2016)… Read More »
Cash to farmers – Govt of India efforts
To further support farmers for the current Rabi crop, the Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or Outlets belonging to the Central or State Governments, PSUs, National or State Seeds Corporations, Central or State Agricultural Universities and the ICAR,… Read More »
Cash Withdrawal from Bank /Exchange of Old Bank Note -RBI FAQ updated 21.11.2016
Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 21, 2016) (Updated as on November 21, 2016) (Updated as on November 18, 2016) (Updated as on November 16, 2016) (Updated as on November 14, 2016) (Updated as on November 12, 2016)… Read More »