Search Results for Tag : Cash

Top Story

Government bans cash transactions above Rs. 3 Lacs w.e.f. 1st April 2017(01.02.2017)

The Union Government in its the budget for the Year 2017-2018 has yet again cracked the whip on black money by declaring that all cash transactions ov.....

Tags : Cash transaction, Limit

Government bans cash transactions above Rs. 3 Lacs w.e.f. 1st April 2017(01.02.2017)

The Union Government in its the budget for the Year 2017-2018 has yet again cracked the whip on black money by declaring that all cash transactions ov.....

Tags : Cash transaction, Limit

Notifications & Circulars

Government of India makes systematic progress towards cash transfers of food subsidy, Shri Ram Vilas Paswan launches handbook to guide States in implementation of cash transfers of food subsidy(31.05.2018)

Shri Ram Vilas Paswan, the Union Minister of Consumer Affairs, Food and Public Distribution launched the 'Handbook for Implementation of Cash Transfer.....

Tags : Cash transfers, Food subsidy, Progress

Discontinuation of acceptance of cash by Stock Brokers(12.07.2018)

1. Please refer to SEBI circular SEBI/MRD/SE/Cir- 33/2003/27/08 dated August 27, 2003, regarding Mode of Payment and Delivery.

2. Government.....

Tags : Acceptance, Cash, Stock Brokers, Discontinuation

Judgments

Beneficiary is entitled to realize a Bank Guarantee in terms thereof irrespective of any pending dispute relating to the terms of the contract(20.12.2019)

In the 'Corporate Insolvency Resolution Process' of Vishwa Infrastructures and Services Private Limited, the Appellant - 'Thermax Limited' (Operationa.....

Tags : Bank Guarantee, Encashment

Income Tax Department introduces a new utility for banks, post offices to check TDS rate on high value cash withdrawals(12.07.2020)

The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates .....

Tags : TDS rate, Cash withdrawal, Applicability

Invocation of a bank guarantee cannot be injuncted merely on ground that disputes are pending between the parties(08.02.2021)

The Petitioner has filed the present petition under Section 9 of the Arbitration and Conciliation Act, 1996 ( A&C Act), praying that direction be issu.....

Tags : Bank guarantee, Encashment, Injunction

Revised guidelines for liquidity enhancement scheme in the equity cash and equity derivatives segments(01.09.2021)

1. SEBI vide circular CIR/MRD/DP/14/2014 dated April 23, 2014 permitted stock exchanges to introduce liquidity enhancement schemes in the equity cash .....

Tags : Revised guidelines, Liquidity enhancement scheme, Equity cash

Changes to the framework to enable verification of upfront collection of margins from clients in cash and derivatives segments(10.05.2022)

1. SEBI, vide circular SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated July 20, 2020, prescribed the framework to enable verification of upfront collection of .....

Tags : Changes, Framework, Cash, Derivatives segments

Identity, credit-worthiness and genuineness of transactions have to be explained by the assessee, if the amount pertaining to it credited in books of account(22.05.2024)

Present appeal preferred by the appellant/Revenue, challenges an order, of the Commissioner of Income Tax (Appeals) ['CIT(A)']. By the order under cha.....

Tags : Assessment, axability, Cash credit

Facilitation by the Insurers for cashless services at network hospitals(22.04.2021)

1. It has been brought to the notice of the Authority that some hospitals are denying cashless facility to policyholders for treatment of COVID-19 tre.....

Tags : Insurers, Cashless services, Network hospitals

News

Reserve Bank of India Lifts All Limit on Cash Withdrawals(14.03.2017)

Reserve Bank of India has lifted all limits on cash withdrawals from banks and ATMs.

Tags : Reserve Bank of India, cash withdrawals

Madras HC Grants Bail Murder Accused in Cashew Factory Worker's Death Case(22.11.2021)

Madras High Court has granted bail to murder accused T.R.V. S Ramesh, DMK MP from Cuddalore, upon satisfaction that a substantial portion of the polic.....

Tags : Madras High Court, Cashew Factory Worker's Death Case

Ker HC: Debt Created by Cash Above Rs.20,000 in Violation of IT Act Isn’t “Legally Enforceable Debt”(28.07.2025)

Kerala High Court has observed that debt created by a cash transaction above Rs.20,000/- in violation of the provisions of Income-Tax Act, 1961 is not.....

Tags : Kerala High Court, Cash Transaction, Legally Enforceable Debt

RBI: No Cash Withdrawal Limits Post March 13(09.02.2017)

Reserve Bank of India (RBI) has said that cash withdrawal limits, currently in place for savings bank accounts will be removed in two stages, initiall.....

Tags : Reserve Bank of India, Cash Withdrawal

Madras HC: Interim Custody of Seized Property Does Not Confer Ownership(07.01.2016)

Madras HC has held that cash and valuables recovered by police while investigation need not be handed over to their owners pending trial since crimina.....

Tags : Madras HC , cash and valuables, investigation

Madras HC: Interest Should be Levied on Belated GST Cash Payments but Not on ITC(17.02.2020)

Madras High Court has held that the Goods and Services Tax (GST) could be levied on interest only on the cash component of the tax remitted belatedly .....

Tags : Madras High Court, Interest on GST Cash Payments

Madras High Court Holds Collection of Cash Handling Charges From Stamp Vendors Illegal(15.11.2021)

Madras High Court has ruled that the practice of collecting cash handling charges from stamp vendors who deposit money through treasury challans into .....

Tags : Madras High Court, Collection of Cash Handling Charges From Stamp Vendors

ITAT: Cash Gift from Siblings During Medical Emergencies Can’t be Treated as ‘Unexplained’(02.08.2022)

Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the cash gift from brother and sister during medical emergencies cannot be treated as .....

Tags : ITAT, Medical Emergencies, Cash Gift

SC Refuses to Delete Remarks Against Senthil Balaji(12.08.2025)

The Supreme Court has declined to expunge remarks in past judgments against ex-TN minister, Senthil Balaji in the cash-for-jobs scam but clarified the.....

Tags : Supreme Court, Senthil Balaji, Cash-for-Jobs Scam, Expunction, Fair Trial, Surya Kant, Joymalya Bagchi

SC: Courts Must Tread Carefully to Prevent Employees from Claiming Leave Encashment Multiple Times(25.04.2025)

Supreme Court has observed that courts must tread carefully to prevent employees from claiming leave encashment multiple times for the same accrual, w.....

Tags : Supreme Court, Leave Encashment, Unjust Enrichment

ITAT, Delhi: No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency(18.04.2022)

Income Tax Appellate Tribunal, Delhi has observed that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on rece.....

Tags : Income Tax Appellate Tribunal, Cash loan, Business Exigency

SC: If Suits Mention Cash Transactions Above ?2 Lakh, Court Must Report it to IT Department(17.04.2025)

SC has observed that whenever, a suit is filed with a claim that Rs. 2,00,000 and above is paid by cash towards any transaction, courts must intimate .....

Tags : Supreme Court, Cash Transactions, IT Department

Madras HC Seeks Response on Extension of Covid-19 Cash Relief to Transgender Persons(21.05.2021)

Madras High Court has sought the response of the Tamil Nadu government on a plea seeking the extension of COVID-19 cash relief Rs.4000/- to transgende.....

Tags : Madras High Court, Extension of Covid-19 Cash Relief to Transgender Persons

RBI seeks feedback on concept paper on Card Acceptance Infrastructure(08.03.2016)