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DEMONETISATION DEPOSITS
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- RBI rate cuts partly passed on to borrowers in FY26, lending rates fall but not fully: ReportRBI's repo rate cuts in FY26 were only partially passed on to borrowers, with lending rates declining but not matching the full policy redu...
- Cash is king again? India’s withdrawals surge 12% in early April, highest since post-demonetisationThe Indian economy is witnessing a historic milestone as the currency in circulation hits 42.3 trillion rupees. This remarkable jump of mor...
- Direct tax mop-up misses FY26 target; Collections rise 5%India's direct tax collections saw a modest rise in FY26. However, the total mop-up missed the revised target by ₹81,000 crore. Both corpor...
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained incomeA Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim o...
- No income tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post demonetisation: ITATThe appellant, a housewife Uma Agrawal of Gwalior, had declared total income of Rs 1,30,810 in her income tax return filed for fiscal 2016-...
- Unusual cash deposits hit Rs 1.7L cr after note ban: RBIThe share of the low-cost CASA deposits in total bank deposits increased from 35.2% in October 2016 to 40.6% in March 2017, before declinin...
- Enforcement Directorate attaches Rs 1.53 crore assets in notes ban caseThe central probe agency said it has issued a provisional attachment order against two flats and a house in Muzzafarpur in the state along ...
- Congress, TMC ask why government hiding number of demonetised notes deposited in banks"Eight months have passed... How much money has come back? Why is the government hiding it?" Congress MP KV Thomas asked in Rajya Sabha.
- If relief granted on exchanging scrapped notes, it will be for all: Supreme CourtIf there has to be a window (extension for depositing demonetised notes) then all of you (petitioners and others) have to be considered, a ...
- Note ban impact on loan, deposit growth significant: Moody'sDeposits at rated banks grew by 13 per cent year-on-year in the December quarter, from 6 per cent in the preceding quarter, but as cash ava...
- New agency to probe anomalies in I-T returns filed post notebanOn black money issue, Radha Mohan Singh said be it Mayawati or Congress President Sonia Gandhi's son-in-law Robert Vadra, no one will be sp...
- No amnesty for bank deposits linked to money laundering: CBDTCBDT issued specific guidelines to ascertain if a particular cash deposit is genuine or not and with a view to "maintain consistent approac...
- No info on number of accounts with large deposits post November 8: RBIThe RBI also did not have the number of accounts in co-operative banks in which more than Rs 2.5 lakh were deposited in the scrapped notes ...
- Demonetisation: Private entities to analyse data vis-a-vis ITR, TDSI-T dept has found that post demonetisation more than Rs 2 lakh was deposited in over 60 lakh bank accounts and the total amount deposited ...
- First time since note ban, deposits fall 0.7% in December 23 fortnightFor the fortnight to December 23, deposits collected by banks stood at Rs 10,516,237 crore, down by 0.7 per cent.
- Use old notes to pay taxes, penalty under IDS: Modi govtDeclarations under PMGKY would be subject to a total tax of about 50% and a quarter of the amount declared would be locked in interest-free...
- Rs 70 crore deposit in private bank: Enforcement directorate freezes two Mumbai accountsThe deposited amount from the accounts was allegedly channelled into accounts of suspected shell companies, and the ED found only Rs 1.4 cr...
- Demonetised currency not to be deposited in treasury: HCThe bench passed the direction while expressing displeasure over a trial court special judge' decision allowing a convict to deposit the fi...
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