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bank transactions News
Banks to shut over next 3 days; association urges customers to complete bank transactions today
Fri, Mar 10, 2017
Banks will remain shut over the next three days due to Holi festival on Monday.
Single cash payments over Rs 2 lakh need to be reported: CBDT
Fri, Dec 23, 2016
The Central Board of Direct Taxes (CBDT) has clarified that reporting requirements as per the rules are applicable when a single transaction involves receipt of cash payment exceeding Rs 2 lakh for sale of goods or services, signifying that no aggregation is required, a Union Finance Ministry release here said.
Will credit payments to milk producers through banks, says Amul
Tue, Nov 22, 2016
Amul Chairman Jethabhai Patel on Monday said that the group will credit payments to its milk producers directly through the bank.