Many customers who made large deposits after the withdrawal of Rs 500 and Rs 1,000 notes in 2016 later received income tax notices. Cash deposits above Rs one lakh in the savings account can invite income tax notices, said a bank official.
Most private banks asked non-account holders to provide proofs. SBI had clarified in an official note to its branches that no form or slip would be required while exchanging or depositing Rs 2,000 notes.
Rahul Gandhi has stressed that if Opposition parties coordinate properly and reach out to people with an effective alternative vision, BJP would find it difficult to win 2024 general elections: Akhbar-e-Mashriq
Supreme Court Order on Demonetisation Highlights: Justice BV Nagarathna in her dissenting view held that though demonetisation was well-intentioned and well thought of, it has to be declared unlawful on legal grounds (and not on the basis of objects).
A five-judge constitution bench presided by Justice S Abdul Nazeer had reserved the verdict on December 7 after hearing elaborate arguments by the petitioners, the Centre and the Reserve Bank of India.
“The process was followed. We have stated on affidavit that the quorum as determined by the regulations was met,” senior advocate Jaideep Gupta, appearing for the central bank, told a five-judge Constitution Bench presided by Justice S Abdul Nazeer.
He told a five-judge Constitution bench of the Supreme Court, presided by Justice S Abdul Nazeer, which is hearing a clutch of petitions challenging demonetisation, that the process could have started only from the RBI.
In the December 12 letter, Chirag Paswan, Jamui MP and son of Union Minister Ram Vilas Paswan, wrote: “I request information about how the country benefited from demonetisation given it has been over two years since demonetisation was announced and 2019 Lok Sabha elections are also drawing close...
The BJP and Congress-led Opposition locked horns on November 8, while the ruling party is celebrating ‘anti-black money day’, several Opposition parties have decided to observe it as a ‘Black Day.’
Assam orchids to Navi Mumbai’s lotus design: India on most beautiful airports list
Lifestyle59 min ago
Guwahati and Navi Mumbai airports have been recognized as two of the world's most beautiful airports in 2026 by Prix Versailles. These airports showcase the region's culture and natural beauty, incorporating elements like bamboo and lotus-inspired designs. This prestigious award not only recognizes the airports' unique architecture but also brings attention to Northeast's rich cultural heritage.
