Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of 500 and 1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to Bank branches and ATMs are being stepped up gradually

Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of 500 and 1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to Bank branches and ATMs are being stepped up gradually https://www.taxtmi.com/news?id=16830 The Government extended exemptions to the cancellation of the legal tender character of the existing high denomination bank notes until 14 November 2016, adding payment of court fees, requiring ID for consumer cooperative store transactions, limiting exempt utility bill payments to individuals/households for arrears or current bills (no advance payments), and deleting toll plaza payments from exemptions; the Government also stated that the central bank has sufficient cash and that supply to branches and ATMs will be increased gradually. en-us Sat, 12 Nov 2016 10:17:45 +0530 Sat, 12 Nov 2016 10:17:45 +0530 TaxTMI RSS Generator Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of 500 and 1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to Bank branches and ATMs are being stepped up gradually https://www.taxtmi.com/news?id=16830 The Government extended exemptions to the cancellation of the legal tender character of the existing high denomination bank notes until 14 November 2016, adding payment of court fees, requiring ID for consumer cooperative store transactions, limiting exempt utility bill payments to individuals/households for arrears or current bills (no advance payments), and deleting toll plaza payments from exemptions; the Government also stated that the central bank has sufficient cash and that supply to branches and ATMs will be increased gradually. News - Sat, 12 Nov 2016 10:17:45 +0530 https://www.taxtmi.com/news?id=16830