https://www.taxtmi.com/news?id=17127 Restrictions require that tenders of Specified Bank Notes above Rs.5000 be credited to accounts only once during the remaining period, after on record questioning in presence of two bank officials, recording a satisfactory explanation and raising a CBS flag. Tenders up to Rs.5000 may be credited normally but cumulative exceedances may trigger the same procedure. Full value credits above Rs.5000 must be into KYC compliant accounts; non KYC accounts face limits. Equivalent value may be credited to the tenderer's account or, with specific authorization, to a third party account; deposits under the Taxation and Investment Regime are exempt. en-us Mon, 19 Dec 2016 16:55:40 +0530 Mon, 19 Dec 2016 16:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17127 Restrictions require that tenders of Specified Bank Notes above Rs.5000 be credited to accounts only once during the remaining period, after on record questioning in presence of two bank officials, recording a satisfactory explanation and raising a CBS flag. Tenders up to Rs.5000 may be credited normally but cumulative exceedances may trigger the same procedure. Full value credits above Rs.5000 must be into KYC compliant accounts; non KYC accounts face limits. Equivalent value may be credited to the tenderer's account or, with specific authorization, to a third party account; deposits under the Taxation and Investment Regime are exempt. News - Mon, 19 Dec 2016 16:55:40 +0530 https://www.taxtmi.com/news?id=17127