Direct benefit transfer results in Rs 50,000 crore savings: Amit Shah
The direct benefit transfer programme has resulted in Rs 50,000 crore savings for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP President Amit Shah has said.
May 28, 2017, 11:34 AM IST
Loans, card payments above Rs 2 lakh in cash to be shown in ITR
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation will have to be disclosed in the new one-page Income Tax return form.
Apr 09, 2017, 13:30 PM IST
I-T to go easy on up to Rs 5 lakh deposits by 70-plus people
The income tax department will be going easy for cash deposits up to Rs 5 lakh made by 70-plus people. This means no further verification will be required in such case.
Feb 22, 2017, 14:55 PM IST
Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh
Depositors of cash worth Rs 5 lakh or above, during the demonetisation period, who failed to verify the same will be taken on strictly by the Central Board of Direct Taxes (CBDT)
Feb 22, 2017, 10:15 AM IST
I-T dept to launch 2nd phase of bank accounts scrutiny next month
The I-T department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
Feb 20, 2017, 16:28 PM IST
Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful'
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.
Feb 16, 2017, 17:27 PM IST
Cash deposits above Rs 10 lakh in bank account to come under I-T lens
The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.
Jan 19, 2017, 16:09 PM IST
PAN card must for all bank account holders by February 28
In yet another to fight against black money and tax evasion, the government has notified that all individuals having bank accounts will have to update their PAN or Form-60 if PAN not available by February 28, 2017.
Jan 08, 2017, 17:34 PM IST
Modi govt scans pre-demonetisation deposits history in banks, post offices for tracing black money trail
If you have a saving account in a bank or post office, and if you are yet to share your Permanent Account Naumber( PAN) or submit Form 60 so far, you need to expedite and do the needful latest by February end for enabling government to analyse the deposit history of your account.
Jan 07, 2017, 16:36 PM IST
Demonetisation: 60 lakh depositors parked Rs 7 lakh crore in banks since November 8
Since demonetisation decision was announced by the central government on November 8, 60 lakh depositors (individuals and companies) have parked Rs 7 lakh crore in banks.
Dec 29, 2016, 18:07 PM IST
DNA: Know why it is important to link KYC documents with bank accounts
How important it is to link KYC documents with bank accounts?. Watch the full segment of DNA for more details.
Dec 22, 2016, 00:32 AM IST
Govt exempts deposit in bank a/cs of political parties from income tax subject to conditions
This move by the government comes even as it levies stiff penalties on unaccounted cash in banks following the demonetisation move.
Dec 16, 2016, 20:32 PM IST
Paytm claims 15 customers cheated it of Rs 6.15 lakh, CBI registers FIR
Digital wallet company PayTM claims 48 customers cheated it to the tune of over Rs 6.15 lakh.
Dec 16, 2016, 14:30 PM IST
Deposits into Jan Dhan A/Cs decline after government warning
Following the government's warning that action would be taken against those using their Jan Dhan accounts to convert black money into white, deposits into such accounts have reportedly decelerated.
Dec 07, 2016, 22:11 PM IST
Withdrawals of deposits made in current legal tender allowed beyond current limits: RBI
In the latest notification, Reserve Bank of India (RBI) has allowed withdrawals of deposits made in current legal tender notes on or after November 29, 2016 beyond the current limits.
Nov 28, 2016, 22:12 PM IST
Govt to launch campaign to open workers' bank accounts today
Labour Ministry will launch a campaign in association with Department of Financial services to open bank accounts of workers, who do not have one till date, in the organised as well as unorganised sector on Saturday.
Nov 26, 2016, 09:08 AM IST
Bank customers can continue to withdraw up to Rs 24,000/week
Public can continue to withdraw up to Rs 24,000 per week from their bank accounts, including withdrawals from ATM, the Reserve Bank said today.
Nov 25, 2016, 23:24 PM IST
NIA asks banks to freeze accounts of Zakir Naik and banned Islamic Research Foundation
NIA has written to Union Home Ministry for blocking websites and other online activities of IRF.
Nov 23, 2016, 16:42 PM IST
Face penalty if allow parking others' black money into your bank account
Archana Khatri Das/Zee Media Bureau
Nov 18, 2016, 16:09 PM IST
RBI says deadline for banks to clean up books 'stands' at March 2017
Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.
Nov 15, 2016, 16:04 PM IST
