https://www.taxtmi.com/circulars?id=54413 Banks must treat receipts realised on or before the financial year end as March Residual Transactions and ensure these are accounted in the prior year even if reported in April; receiving branches should use special messenger/courier arrangements to forward challans to Nodal/Focal Point branches. From April 1 to April 10 Nodal/Focal Point branches shall segregate and serially label March Residual main scrolls, prepare separate daily summaries and Daily Memos for March Residual and April transactions, forward March Residual advices for settlement with the Reserve Bank, and submit two sets of submissions to departmental accounts officers. en-us Thu, 17 Mar 2016 00:00:00 +0530 Sat, 09 Apr 2016 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54413 Banks must treat receipts realised on or before the financial year end as March Residual Transactions and ensure these are accounted in the prior year even if reported in April; receiving branches should use special messenger/courier arrangements to forward challans to Nodal/Focal Point branches. From April 1 to April 10 Nodal/Focal Point branches shall segregate and serially label March Residual main scrolls, prepare separate daily summaries and Daily Memos for March Residual and April transactions, forward March Residual advices for settlement with the Reserve Bank, and submit two sets of submissions to departmental accounts officers. Circulars Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54413