Thu, Sep 12, 2024
Do you know about the limits on cash deposits in Indian bank accounts and how exceeding these limits could attract scrutiny from the Income Tax Department? Know the rules for cash deposits, the maximum amounts you can deposit, and the potential penalties for not reporting large cash transactions. Understand the implications of depositing more than Rs 10 lakh in cash and how to handle such transactions effectively.
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Mon, Aug 12, 2019
Carrying transactions using online inter operable financial transaction at PoS aka micro ATMs are similar to that like normal functioning of an ATM.
Sat, Jul 22, 2017
"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.
Tue, Jul 04, 2017
Prime Minister Narendra Modi on November 8 had announced the ban on old Rs 500 and Rs 1000 notes with immediate effect. PM Modi had said that Rs 500 and Rs 1000 notes will no longer be a "legal tender" from November 9.
Thu, Jun 01, 2017
SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs.
Tue, Jan 10, 2017
Since November 9, more than Rs 10,700 crore cash was deposited in different bank accounts in North Eastern states.
Sun, Jan 01, 2017
Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.
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