Prime Minister of India Mr Narendra Modi in an unscheduled live televised address to the nation at 20:15 Indian time (IST) on 8th October 2016 announced that circulation of all Rs.500 and Rs.1000 bank notes of Mahatma Gandhi series stands invalid and Read more…
Tag: Demonetisation
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period after the note ban will have to be disclosed in the new one-page Income Tax return (ITR) form. The new ITR forms for filing of returns for the Assessment Year 2017-18 Read more…
Demonetisation – Submission of Online Response for verification of Cash Deposits The online verification of cash deposits during demonetization has been enabled on the e-filing portal (for taxpayers) which will be synchronized with the internal verification portal of Income Tax Read more…