Submission of old currency notes of 500 and 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 https://www.taxtmi.com/news?id=17571 The Specified Bank Notes (Cessation of Liabilities) framework allows eligible holders who declare they were abroad during the relevant window to deposit discontinued notes within prescribed grace periods, with resident and nonresident Indians subject to different cut offs and monetary limits (nonresident limits governed by FEMA). Upon satisfactory verification, the Reserve Bank will credit accepted note value to the tenderer's KYC compliant bank account; this facility is available only at specified RBI offices and requires completion of the declared verification process. en-us Fri, 10 Mar 2017 16:40:23 +0530 Fri, 10 Mar 2017 16:40:23 +0530 TaxTMI RSS Generator Submission of old currency notes of 500 and 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 https://www.taxtmi.com/news?id=17571 The Specified Bank Notes (Cessation of Liabilities) framework allows eligible holders who declare they were abroad during the relevant window to deposit discontinued notes within prescribed grace periods, with resident and nonresident Indians subject to different cut offs and monetary limits (nonresident limits governed by FEMA). Upon satisfactory verification, the Reserve Bank will credit accepted note value to the tenderer's KYC compliant bank account; this facility is available only at specified RBI offices and requires completion of the declared verification process. News - Fri, 10 Mar 2017 16:40:23 +0530 https://www.taxtmi.com/news?id=17571