From April 1st, SBI customers will have to shell out extra charge for using debit cards and ATMs above the mandatory limit. Highlights 1 For non-SBI account holders, 3 transactions till Rs 1000 withdrawal will be free. 2 Non-SBI card holders will be charged ... India Today, 3 weeks ago
In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of Rs 3 lakh, beginning April 1, to settle any transaction. A ban on cash transaction of more than Rs 3 lakh has been proposed in the Budget for 2017-18. In an interview to PTI, Revenue Secretary Hasmukh Adhia said the penalty for doing cash transaction will be steep and the receiver will have to pay an amount equivalent to the cash received. "Supposing you do a transaction of Rs 4 lakh in cash, ...Rediff.com, 1 month ago Penalty of equal amount for receiving cash over Rs 3 lakh: Adhia Deccan Herald, 1 month ago
Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh. Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs 2 lakh. The Bill seeks to do away with the threshold of Rs 5 lakh on jewellery purchases for applicability of TCS because the Union Budget 2017-18 has proposed to ban cash ...Rediff.com, 1 month ago
Premier health institute AIIMS, New Delhi, has won the first prize, and a cash reward of Rs 5 crore, for maintaining high standards of sanitation and hygiene under the Government's Kayakalp awards.DNA, 1 month ago
Paralympians, including shotputter Deepa Malik and jevelin thrower Devendra Jhajharia, will be bestowed with cash awards for their medal-winning performance at the 2016 Rio Paralympics. An Indian businessman, Mukkattu Sebastian has announced a cash prize of ...Business Standard, 2 months ago
A 35-year-old man was robbed of his mobile phone and Rs 5,000 in cash by three unidentified bike-borne men in Peenya, north Bengaluru, in the early hours of Saturday. Raju, who works at a travel agency, left his house at 4 am to visit his hometown, Kunigal, ...Deccan Herald, 2 months ago
Now, Rs.150 Charge After Every 4 ‘Cash’ Transactions; Govt Orders Activation Of Internet & Mobile Banking By March 31st!
In continuation with Govt. of India’s cashless push, several new developments have taken place in the last 24 hours. While all banks have been ordered to activate Internet & mobile banking for all customers by March 31, several banks have announced ...Trak.in, 3 weeks ago Govt. May Introduce ‘Cash Tax’ To Discourage Cash Transactions; Retailers Rejoice As Sales Increase Post-Demonetization Trak.in, 2 months ago
As part of the intensification of fight against graft and black money, the income tax (I-T) department has clarified that cash payment in excess of Rs 3 lakh would not be allowed against one bill even on different days, starting April 1. Such transactions ...The Financial Chronicle, 3 weeks ago
Huge deposits of Rs. 500 and Rs. 1000 notes following Prime Minister Narendra Modi's demonetisation move have come under the scanner, with the use of new government software. Under the initiative, 'Operation Clean Money', the Income Tax department (I-T) has ...catchnews.com, 1 month ago 18 lakh messages sent asking clarification Sify, 1 month ago
On November 8 th , Govt. of India had announced one of the biggest financial shake-ups this country ever witnessed, when it demonetized Rs 500 and Rs 1000 currency notes, thereby cancelling the legality of 86% of circulating cash in the market. In order to ...Trak.in, 1 month ago
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