Saturday, November 12, 2016

Important notice from income tax (I.T.) department, India

Income Tax department has added a new window in their I.T. E-FILING WEBSITE viz " ACCOUNT CASH TRANSACTIONS "

The moment CASH is deposited into your bank a/c , the amount will immediately reflect in this WINDOW of the I.T. Department. All the Banks server's have been linked with the CPU of I.T. Department for CASH transactions.

Points to be noted while exchanging you Rs. 500 or 1000 notes

As per recent information disclosed by government, there may chance of corrupt bank(s), officials who may try to help corrupted peoples having black money, to exchange their bundles of banned Rs. 500 and/or Rs.1000 notes with new notes and defeat the Indian govt missions to drive out black money. Please beware of such bank officials while exchange of old note with new one, you may take Rs.4000/-, but these corrupt bank  may use your identity for helping their close friends or corrupt millionaires.

Therefore, on the copy of document you are submitting, do mention the purpose clearly with amount value and sign it before giving id card photo copy to banks.

Try to share this news and make it viral otherwise all purpose of government of India will be defeated.

INR ₹500 & ₹1000 old notes have been banned

INR ₹500 & ₹1000 old notes have been banned from 08th November, 2016 midnight. You can deposit the same at any bank or post office from 11th November 2016 till 30th Dec 2016, at the most of Rs. 4000.

Either you can deposit in your account or you can exchange it with other valid notes. That's the mantra. This clause has been passed by prime minister of India to stop corruption and black money.

Banks and ATM will be remains closed  on 09th and 10th Nov 2016. Summary of the important announcement has given below:

1. Notes having denomination of Rs. 500 and Rs. 1000 are no longer valid from 08th Nov 2016 midnight. New notes will be available soon.

2. ATM's wouldn't work on 09th and 10th November. Rather the withdrawal limit is Rs. 2000 only.

3. All Residents have option till 30th Dec 2016 to deposit their existing cash balance of 500 and 1000 rupees in their bank accounts.

4. ATM withdrawal is limited post 11th Nov to 10000 per day, but initial few days it would be 2000 rupees only.

5. Emergency periods like government hospitals and chemist, train ticket booking and airline ticket booking,  petrol pumps may accept the old notes to 11th November.

6. No changes in online,  card, cheque or any other plastic money transactions.

7. 9th November,  banks wouldn't be available for public banking services.

8. New notes of 500 rupees and 2000 rupees would bring in circulation.

9. Exchanging the 500 and 1000 is limited only upto 4000. However greater than 4000 can be remitted to account against PAN.