PIL seeks ban on cash transactions above Rs 10,000
The PIL has been moved by BJP leader Advocate Ashwini Upadhyay and it may come up for hearing in the court on Friday.
Jul 25, 2019, 21:02 PM IST
Demonetisation, GST to widen tax base, make cash dealing difficult: FM
Arun Jaitley has said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base.
Jul 22, 2017, 13:22 PM IST
Ban on cash dealings not applicable for bank, post office withdrawals
Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.
Apr 05, 2017, 20:57 PM IST
Govt asks companies to disclose details about junked notes
The government has asked companies to disclose details about transactions involving scrapped notes post demonetisation till December 30.
Apr 03, 2017, 18:41 PM IST
Finance Bill gets presidential assent, takes effect from today
President Pranab Mukherjee has given his assent to the Finance Bill 2017 to give effect to provisions like bar on cash transactions above Rs 2 lakh and compulsory quoting of Aadhaar for filing tax returns.
Apr 01, 2017, 16:39 PM IST
SBI announces penalty for non-maintenance of minimum balance from April 1
Making it compulsory for account-holders to maintain a minimum balance, the State Bank of India (SBI) said on Thursday said it will be charging defaulters a penalty from April 1 onwards.
Mar 03, 2017, 19:55 PM IST
Now, banks to charge you Rs 150 after four cash tansactions a month
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Mar 02, 2017, 12:08 PM IST
No decision yet on imposing tax on cash transactions: Govt
The government has not taken any decision on levying a Banking Cash Transaction Tax (BCTT) on cash deals of Rs 50,000 and above as suggested by the high- powered Chief Ministers' panel, Economic Affairs Secretary Shaktikanta Das said on Thursday.
Feb 09, 2017, 14:57 PM IST
Note ban impact: 18L people under I-T scanner, queries sent to 10L individuals so far
Armed with information about unaccounted cash of Rs 4.7 lakh crore, deposited by 18 lakh individuals, the government on Thursday said that queries have been sent to those 10 lakh people through SMS, email so far.
Feb 02, 2017, 16:51 PM IST
I-T dept asks taxpayers to e-verify deposits post demonetisation
As the Income Tax Department uses Big Data to catch evaders, it is asking taxpayers to verify online the deposits they made in their accounts post demonetisation and respond to queries of any mismatch.
Feb 02, 2017, 16:09 PM IST
Cash transactions above Rs 3 lakh banned from April 1: Arun Jaitley
Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017.
Feb 01, 2017, 13:33 PM IST
Minor child can teach an app for cashless transaction to elders:Manohar Parrikar
Explaining how easy is the technology about cashless tansactions to learn, Defence Minister Manohar Parrikar on Sunday said a minor child can easily teach a related mobile application to the elder generation.
Nov 27, 2016, 22:30 PM IST
Banning cash transactions over Rs 3 lakh under consideration: CBDT
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said Tuesday.
Aug 23, 2016, 13:02 PM IST
Black money: Govt to ban cash transactions of above Rs 3 lakh
The government is likely to ban cash transactions over Rs 3 lakh following recommendations from the Supreme Court-appointed Special Investigation Team.
Aug 22, 2016, 14:04 PM IST
Black money: Ban cash transactions of above Rs 3 lakh, restrict cash holding limit to Rs 15 lakh, recommends SIT
The Special Investigation Team (SIT) on black money has recommended ban on cash transactions of above Rs 3 lakh and restricting cash holding with individuals to not more than Rs 15 lakh to curb illegal wealth in the economy.
Jul 14, 2016, 17:57 PM IST
Tax department's cash detection ability being strengthened: Arun Jaitley
Tax department's ability to detect large cash transactions is being strengthened to check the menace of black money as bulk of it remains within India, Finance Minister Arun Jaitley said on Sunday.
Oct 04, 2015, 15:26 PM IST
Govt to soon make PAN must for cash spending beyond a limit
To check generation of domestic black money, the government will soon make it mandatory to furnish PAN card details for cash transactions beyond a certain threshold, Finance Minister Arun Jaitley said on Sunday.
Oct 04, 2015, 13:35 PM IST
Cyient acquires 74% stake in Rangsons Electronics
The all cash transaction will strengthen the company's end -to-end capabilities in integrated engineering design and production, Cyient said in a statement.
Jan 02, 2015, 13:18 PM IST
Flaw in contactless card could allow fraudulent transactions in foreign currencies: Study
Researchers have reportedly discovered a major flaw in the new contactless bank cards, which could allow users to carry out unlimited cash transactions sans the PIN .
Nov 05, 2014, 12:08 PM IST
India yet to tap potential of mBanking: Report
Only a quarter of Indian adults have either an active bank account or an active mobile money account.
Jul 04, 2014, 20:10 PM IST
