News at a Glance
How to get swipe machines (POS) from banks?
A merchant who has applied to a bank for a swipe machine should have an account in that bank. In the application given by the bank, details such has business details, name of the merchant.
Posted On :26/Nov/2016 11:21:29 AM
Unaccounted deposits to attract 50 percent tax
A minimum of 50 percent tax may be levied on unexplained bank deposits made using the banned currency comprising of 500 and 1000 rupee notes up to December 30 along with a 4-year .
Posted On :26/Nov/2016 10:59:51 AM
Banks in Tamil Nadu will be closed for today and tomorrow
All the banks in Tamil Nadu will be closed for today and tomorrow. Since people will be heading to ATMs, it is likely to crash. From the month of August a new rule for the banks were formulated.
Posted On :26/Nov/2016 10:05:08 AM
Cost of housing may come down by 30 percent in a year
There is a strong likelihood of the housing prices in India�s major 42 cities to come down by 30 percent in the next 6 to 12 months.The company Propequity has informed that because of the above-expected cost reduction
Posted On :25/Nov/2016 5:49:10 PM
Exchange of old Rs 500, Rs 1000 notes to continue at RBI counters
Starting from the midnight on Thursday, exchange of demonetized Rs 500 and Rs 1000 notes at banks is stopped and the same will be made at the Reserve Bank of India, according.
Posted On :25/Nov/2016 12:51:01 PM
Government may levy 60 percent income tax on unaccounted deposits in banks
The union cabinet has decided to levy 60 percent tax on the black money deposited in the banks.The union cabinet is understood to have approved amendments to the income-tax laws late on Thursday,
Posted On :25/Nov/2016 11:21:49 AM
No more exchange of old Rs 500 and Rs 1000 notes in banks
Petrol bunks and government offices will continue to receive old notes. In connection with the central government has issued a notification:The exchange of the high-value notes of Rs. 500 and Rs. 1,000 over the counter.
Posted On :25/Nov/2016 11:06:31 AM
Exchange of old currency notes: All you need to know
The Central Government has been reviewing the issues related to the cancellation of legal tender character of old Rs. 500 and Rs. 1000 notes. The Government has also been receiving various suggestions in this regard.
Posted On :25/Nov/2016 10:18:26 AM
Demonitised notes can be deposited in Post Office Savings Accounts
The Finance Ministry has said that people can deposit the invalid Rs. 500 and Rs. 1000 denomination currency notes in their Post Office savings accounts.In an official statement, the Ministry said, Rs. 500 and 1,000.
Posted On :24/Nov/2016 6:13:28 PM
Toll tax suspended till Dec 2
The Central Government had announced that toll tax would be suspended till December 2 midnight for all National Highways. Following demonetization of Rs 500 and Rs 1000 notes there was shortage of changes.
Posted On :24/Nov/2016 5:37:48 PM
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