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Old 11-21-2016, 09:15 AM
Alka Thakur Alka Thakur is offline
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Join Date: Nov 2015
Posts: 362
Default Latest India Tax News 20th November 2016

  • GOVT allow withdrawal of 2.5 lakh cash for marriage
  • Cash exchange limit reduced from 4500 tvo 2000 from 18 Nov.
  • Govt employees upto Group C allowed to draw advance against salary upto 10000 in cash which will be adjusted from Nov salary.
  • Farmers allowed to draw cash upto 25000 per week against crop loan
  • Farmers allowed to draw cash upto 25000 per week against crop sale received in bank through cheque rtgs
  • Regd traders for agricultural produce allowed to draw cash 50000 per week
  • Crop insurance premium payment allowed 15 days grace period.
  • RBI circular RBI/2016-2017/123 DCM (Plg) No.1251/10.27.00/2016-17 has advised general public not to accept new currency note which has any text or sketch drawn on it.
  • The Employees' State Insurance Corporation (ESIC) Raised The Monthly Wage Threshold Limit from Rs 15000 To Rs 21,000 wef October 1.

 


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