Cash Compliance 2016 | How to deal?

Appx 18 Lakhs of notices has been issued in last 2 days regarding Cash Compliance to those who have deposited old currency notes during demonetization period. We have already came with an article on how […]

Specified Bank Notes Cessation of Liabilities Ordinance 2016

Here is the Specified Bank Notes Cessation of Liabilities Ordinance 2016. In a press release by the PIB dated 30th December, 2016 , it has been announced that The President of India has approved the promulgation […]

Cash Withdrawal Limit increased to 4500 from 1st January, 2017

Daily Cash Withdrawal Limit increased to 4500 from 1st January, 2017 which was Rs. 2500 till today (31st December, 2016). It is to be worth noted that after demonetization dated 8th November, Limit is getting constantly […]

Government Clarification on Amendment to Payment of Wages Act : No Cashless yet

After demonetization people were expecting one step of government of stopping cash payment towards Salary & Wages. However, recent notification and amendment in Minimum Wages act is not directing for the same. Though it may […]