Tuesday, 22 November 2016
Wednesday, 16 November 2016
PROCURE INDELIBLE INK IN POs & KEEP READY - DIRECTORATE
From: Director (CBS)
Sent: 15 November 2016 19:28
To: All CPMG
Cc: All PMG; DDG (Financial Services); Member (Banking & HRD)
Subject: Regarding exchange of WOS notes.
Respected Sir/Madam
The government is considering the proposal of using the indelible ink to process the exchange of WOS (Withdrawn Old Series) notes with new currency. The details of this will be communicated shortly; however in the meantime you may procure indelible ink and keep it ready for use by Post Offices which are exchanging notes.
With regards,
Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan
//COPY//-POTOOLS
Demonetisation : Financial Advise
Financial Advise :
1) Deposit cash less than Rs. 50000 at one time & 10 lac cash in a year (1.4.16 to 31.3.17) in saving bank account. To avoid Income tax department Notice.
2) Do not deposit cash more than Rs.2 lakh in saving bank account (from 11/11/16 to 31/12/16). If you are non tax payer. To avoid Income tax department Notice.
3) Don't try to be over smart
By depositing cash in your different different saving bank accounts. As for income tax limits (Rs. 200000 & Rs.1000000) those will be considered all together.
4) Till 30th December no limit for depositing cash in bank so people may do a mistake.
5) Pan card must for depositing Rs.50000 /- and more.
6) Don't use Credit Card for shopping more than Rs. 200000 (from 01/04/2016 to 31/03/2017). To avoid Income tax department Notice.
7) Do not panic and rush to the banks or post office for depositing the old notes.You are monitored.
8) Understand the impact. When you go to the bank for depositing the same you first check that whether you have cash balance in your books or not.
9) Any unexplained cash deposit attract tax @30%, interest & 200% penalty.
10) Update your books of accounts immediately to know cash position.
Again do not panic.
Every problems have some solution.
//copy/-SAPOSAT
1) Deposit cash less than Rs. 50000 at one time & 10 lac cash in a year (1.4.16 to 31.3.17) in saving bank account. To avoid Income tax department Notice.
2) Do not deposit cash more than Rs.2 lakh in saving bank account (from 11/11/16 to 31/12/16). If you are non tax payer. To avoid Income tax department Notice.
3) Don't try to be over smart
By depositing cash in your different different saving bank accounts. As for income tax limits (Rs. 200000 & Rs.1000000) those will be considered all together.
4) Till 30th December no limit for depositing cash in bank so people may do a mistake.
5) Pan card must for depositing Rs.50000 /- and more.
6) Don't use Credit Card for shopping more than Rs. 200000 (from 01/04/2016 to 31/03/2017). To avoid Income tax department Notice.
7) Do not panic and rush to the banks or post office for depositing the old notes.You are monitored.
8) Understand the impact. When you go to the bank for depositing the same you first check that whether you have cash balance in your books or not.
9) Any unexplained cash deposit attract tax @30%, interest & 200% penalty.
10) Update your books of accounts immediately to know cash position.
Again do not panic.
Every problems have some solution.
//copy/-SAPOSAT
Wednesday, 2 November 2016
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