Page 2 Demonetisation: Latest News and Updates, Top Stories, Videos, Photos About Demonetisation

CBDT Extends Deadline On Final Assessment Of Post Demonetisation Cases

On Friday, the Central Board of Direct Taxes (CBDT) extended the Income Tax department's deadline to September to complete the final assessment of about 87,000 entities across the country who made suspicious deposits post-demonetisation. The CBDT said that the extension is ...

Cash Deposit In Bank Accounts Without Holder's Consent To Be Stopped

During the demonetisation phase that was effected in the year 2016, there were reports doing the rounds that cash was being deposited in bank accounts of individuals, especially Jan Dhan accounts, which they later claimed to have been done without their ...

Notes In Circulation At A Level Higher Than Pre-Demonetisation Days

Currency notes in circulation at the end of May 2019 stood at Rs 21.71 lakh crore, 22 percent higher than the pre-demonetisation level. Finance Minister Nirmala Sitharaman in her written reply to the Rajya Sabha on 25 June said that notes ...

CBDT Sets Deadline To Dispose Demonetisation Cases

In its interim action plan for the April-June 2019 quarter, the Central Board of Direct Taxes (CBDT) has set 30 June 2019 as the deadline to dispose of all the cases related to demonetisation "where assessment is required to be framed," according ...

Under Rs. 10 Lakh Income Category Pay Taxes In Increasing Number

Now after digitization has fast taken over all and every sphere of life, income earners mostly from small businesses and those drawing income by way of rent within the 10 lakh slab have out of fear that now everything is under ...

RBI To Issue New Rs 20 Currency Note Soon

As per the RBI document, it will soon roll out a new Rs 20 currency note that will have additional features. Since demonetisation after the introduction of new Rs. 200 and Rs. 2,000 currency notes, the central bank also issued new ...

Tax Filing Increased Most By Taxpayers Declaring Income Between Rs 5-10 Lakh

As it is it has been reported that e-return filing for the eight-month period has recorded a sharp YoY increase of 48% in comparison to just 20% in the year-ago period. And much of the increase in incidence of filing return ...

Fake Rs. 2000 Currency Note On The Rise: How To Know If Its Fake Or Not?

Not only having fake currency notes amount to you losing value of the money but it may be also taken by the authorities as you being involved in some unscrupulous activity such as promoting black money or engaged in money laundering. ...

Manmohan Singh Slams Demonetisation On Its Second Anniversary

Exactly two years ago, the Narendra Modi-led government imposed a ban on Rs 500 and Rs 1,000 notes. On the anniversary of demonetisation, former prime minister of India and economist Dr. Manmohan Singh recalls it as an "ill-fated and ill-thought" exercise ...

Post Demonetization 10,000 Depositors Get Notices From IT Department

The Demonetization act which brought it an economic shock to the country way back in November 2016 is all set to bring in more trouble to people who tried to evade tax using various ways. The revenue department has already ...

RBI Changes Rules For Exchanging Mutilated Currency

The Reserve Bank of India (RBI) on Friday changed rules for exchange of defective currency notes. Post demonetisation, the central bank came up with Rs. 2000, Rs. 200 and other currency notes in lower denomination including Rs. 10, Rs. 20, Rs. ...

Fake Currency Detection Of Rs. 500 And Rs. 2000 Is On The Rise: SBI Report

After the RBI came up with its annual report on Wednesday, it has been revealed that there has been seen a noticeable increase in counterfeit currency even after the Central Bank previously claimed that the rupee notes introduced post-demonetisation are more ...

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