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 Enforcement Directorate conducts countrywide searches at over 40 locations; Rs 1.20 crore cash seized
140 Views, 01-12-2016, Courtsey News Live

 Enforcement Directorate Wednesday conducted country-wide searches at about 40 locations and seized around Rs 1.2 crore cash as part of its crackdown to check black money held with currency exchanges and hawala dealers in the wake of the demonetisation of Rs 500 and Rs 1000 notes.   The ...Read more

 Income Tax department reminds IDS declarants to pay tax by Nov 30
184 Views, 28-11-2016, Courtsey News Live

   With the last date for payment of tax instalment under IDS drawing close, the Income Tax Department today warned declarants that non-payment of first instalment by November 30 will make declarations invalid.   The Income Disclosure Scheme (IDS), which was open from June to Septe...Read more

Service Tax Dept to auction Mallya plane on Nov 28-29
89 Views, 27-11-2016, Courtsey News Live

: In its bid to recover around Rs 535 crore due from beleaguered businessman Vijay Mallya, the Service Tax Department is looking at having more participation when it reauctions his luxury personal jet on November 28-29. The e-auction will be carried out by MSTC, the department said, adding it had r...Read more

Demonetisation helped banks improve their fund situation: Jaitley
118 Views, 22-11-2016, Courtsey News Live

: Union Finance Minister Arun Jaitley on Tuesday said the demonetisation move allowed banks fetch in huge amount of money that would help the government to undertake welfare measures. Addressing the BJP parliamentary party meeting here, Jaitley said as a result of demonetisation decision, "hug...Read more

RBI allows Rs 50,000 a week withdrawal from overdraft accounts
117 Views, 21-11-2016, Courtsey News Live

: Further relaxing cash withdrawal norms, the Reserve Bank said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.  Earlier, current account holders were allowed to withdraw up to Rs 50,000 in cash, in a week.  "On a review, it has been decided to ...Read more