Tag Archives: Rs 1000

Rs 500 /1000 Notes accepted for fees,taxes & penalties payable to Central & State Governments

By | November 11, 2016

As per Press release by Ministry of Finance, Govt of India ,10-November, 2016 Old demonitised 500 & 1000 rupee notes will be accepted for making payments towards fees, charges, taxes and penalties payable to the Central and State Governments including Municipal and local bodies;This facility available only till midnight of 11th November,2016. The Central Government has… Read More »

Cash deposit in excess of Rs 2.50 Lakh may attract Tax Penatly

By | November 10, 2016

Cash deposit in excess  Cash deposit in excess of what is shown in return will attract penalty of 200%. Government will get report of cash deposited in bank accounts above limit of Rs 2.5 lakh during 50-day window ending Dec 30 said Revenue Secy. Tax plus penalty of 200% will be levied on cash deposited… Read More »

Rs 500 and Rs 1000 Note aboilshed in India: Historic Announcement

By | November 9, 2016

Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the… Read More »