Search results for: “Currency”

Income-Tax officials arrested a cab drivers because IT officers have found Rs 7 crore deposited in his account in the State Bank of Hyderabad. The money was deposited in the old Rs 500 and Rs 1,000 currency notes. In an interrogation, the cab did not give any satisfaction answer to the wings of the I-T,…

After the demonetisation, the IT department become active and  is carrying out raids all over the country. In the recent past, there were many IT raid seizures that shocked the nation. In the latest incident that involves Black money conversion amounting to more than Rs. 25 Crores. Enforcement Directorate(ED) arrested a businessman based in a…

On Thursday, PM Modi , in sharp attack on opposition for stalling Parliament over demonetisation, alleged that they were trying to rescue the corrupt like Pakistan gives cover fire to terrorists to cross border. He also said that the note ban will expose the black money as well as ill-intentions of many party leaders. After…

After the Demonetisation, the Income Tax department is very active and raided several parts of the country. After the ban of the higher value currency in India, over Rs 3,185 crore of undisclosed income has been detected. New notes currency worth Rs 86 have been seized by the Income Tax department. According to the official…

It’s been the long debate going on regarding the demonization of Rs. 500 and Rs. 1000 notes in India. Numbers of the political leader from opposition camp are targeting Narendra Modi for causing problems to millions of Indians. Meanwhile, India is figuring out the benefit and problems that demonisation has done to them, the other…

Fund Secretary Ashok Lavasa on Friday said that political gatherings are exempted under Income Tax law to store old cash notes in their financial balances. The choice viable implies that political gatherings won’t go under any examination for trade stores out old coin notes into their records. Charge exception on stores by political gatherings subject…

From the last two weeks, the Enforcement Directorate has tightened up their seat belts to catch the people with the illegal and black money. They have seized an amount of black money both in old notes and new notes in numbers of cities, and now, it’s the turn for Chandigarh.The latest news is coming out…

Prime Minister Narendra Modi has pulled out old notes of Rs. 500 and Rs. 1000 in order to confront the problem of black money, fake notes and corruption. However, it looks like the problem of corruption will not get settled as ED has arrested seven alleged middlemen and seized Rs 93 lakh in new currency…

Online computerized coin bitcoin hit its most abnormal amounts in just about three years on Friday, broadening picks up since India started a money lack by expelling high-section certified receipts from dissemination a month back. , up very nearly 1 percent on the day and the most elevated since February 2014, having climbed just about…

The Income Tax department on Friday, December 2016 has seized the 44 fake accounts at a branch of Axis Bank in central Delhi’s Chandni Chowk. According to the reports by the Income Tax department, in a surprising raid in the same branch, they have seized around Rs. 100 crores from the branch. The officials revealed…

On Thursday, Mukesh Ambani announced that existing and new Reliance Jio users will be able to use data, voice, video and all of Jio’s applications for free until 31st March, 2017. It is very good news for the Reliance Jio users and it is the Happy New Year gift for the Jio users from the…

New Delhi: On Wednesday, the RBI said that fully KYC-compliant Jan Dhan account holders will be allowed to withdraw Rs 10,000 per month from their account, while limited or Non-KYC compliant account holders can withdraw only Rs 5,000 per month. Jan Dhan Accounts holders can deposit only Rs. 50,000. Further the RBI said that Branch managers may…