Search Results for Tag : Deposits

Judgments

Acceptance of the offer must be absolute and unqualified and cannot be conditional(05.01.2021)

Present appeal is against a common Judgment and Order passed by the High Court confirming a Judgment and Order of the Additional Senior Civil Judge, a.....

Tags : Refund, Earnest Deposits, Entitlement

Statute

Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2015(03.05.2016)

The suggestion period for ‘Top Story

Supreme Court Takes Cognizance Regarding Time Extension of Depositing 1000 & 500 Rupee Notes(21.03.2017)

The Supreme Court has sought reply from the Central Government on a Public Interest Litigation filed alleging change in government stand of accepting .....

Tags : Notes, Deposits, Time, Extension

News

Delhi HC: No Income Tax on Interest Income from FD Till Ownership Determined by Arbitral Tribunal(13.10.2022)

Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits (FD) till the ownership is determined by the arb.....

Tags : Delhi High Court, Income-Tax, Fixed Deposits

SC to Courts/Tribunals: Mandatorily Deposit Amounts Deposited by Parties With Registry in Bank(01.02.2023)

Supreme Court has directed all Courts and Tribunals to frame guidelines in cases where amounts are deposited with office/registry of court/tribunal, t.....

Tags : Supreme Court, Deposits, Registry

CESTAT: Deposits in Profit and Loss Account is Not Duty Under Excise Act(24.03.2022)

Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has ruled that deposit in Profit & Loss Account is not duty and therefore, provisions o.....

Tags : Customs, Excise, and Service Tax Appellate Tribunal, Deposits in Profit and Loss Account

ITAT, Cuttack: Source of Money Cannot be Doubted if Fixed Deposits Are Made Out of Savings(02.05.2022)

Income Tax Appellate Tribunal, Cuttack has observed that the cause of money cannot be doubted if the fixed deposits are made out of the savings of the.....

Tags : Income Tax Appellate Tribunal, fixed deposits, assessee

Union Government: Deposits Above Rs 5,000 in Scrapped Currencies Allowed Once Per Account Till Dec 30(19.12.2016)

Central Government has said that deposits totaling more than Rs 5,000 in scrapped Rs 500 and Rs 1,000 notes can be made only once per account until De.....

Tags : Central Government, Demonetisation, deposits, Rs 500, Rs 1,000, December 30

ITAT, Ahmedabad: KYC Form is Prima Facie Proof For Address of Account Holder(17.05.2022)

Income Tax Appellate Tribunal, Ahmedabad has ruled that Know Your Customer (KYC) Form is prima facie proof for address of account holder and upholds t.....

Tags : Income Tax Appellate Tribunal, Know Your Customer, cash deposits

HP HC: Accused Shall be Allowed to Furnish Cash Deposits for Getting Bail(07.08.2020)

Himachal Pradesh High Court has observed that the Courts while granting bail should give a choice to the accused to either furnish surety bonds or giv.....

Tags : Himachal Pradesh High Court, Cash Deposits for Getting Bail

Notifications & Circulars

Framework to regulate and oversee co-operative banks and deposits(29.11.2016)

Reserve Bank of India (RBI) regulates and supervises the banking functions of State Cooperative Banks (StCBs)/District Central Cooperative Banks (DCCB.....

Tags : Deposits, Framework, Regulation

Reserve Bank releases deposits with Scheduled Commercial Banks - March 2024(04.06.2024)

The Reserve Bank released the web publication 'Deposits with Scheduled Commercial Banks2 - March 20243' on its 'Database on Indian Economy' portal.

Tags : Deposits, Release, Commercial bank

RBI Issues Review of Instructions on Interest on Overdue Domestic Deposits(06.07.2021)

Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. The RBI has directed Banks to refer to dir.....

Tags : Reserve Bank of India, Interest on Overdue Domestic Deposits

RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)

Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....

Tags : Reserve Bank of India, Rate on Matured Fixed Deposits

RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)

Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....

Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation

Madhya Pradesh HC Rules: Invest Seized Demonetised Notes in FDs(23.12.2016)

Madhya Pradesh High Court has ruled that demonetised currency notes of Rs 1000 and Rs 500 denomination seized in corruption cases and other criminal m.....

Tags : Madhya Pradesh HC, demonetised currency, Fixed Deposits

Government: Bank Deposits Before April 01, 2016 Can be Declared Under PMGKY(19.01.2017)

Govt has clarified that deposits in bank accounts made before 1 April 2016 can also be declared under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the .....

Tags : Bank Deposits, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme

Deposits made under the Senior Citizens Welfare Fund shall bear interest at 3.35%(23.11.2021)

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affa.....

Tags : Deposits, Welfare Fund, Interest

Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited(14.08.2017)

A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Accep.....

Tags : Rating, Fixed Deposits

Advances against Term Deposits of Non-members(01.09.2016)

Pursuant to the deliberations in the 32nd Standing Advisory Committee meeting held on December 14, 2015, it has been decided to permit SEBs to grant a.....

Tags : Term deposits, Non-members, Advances

Framework for acceptance of Green Deposits(11.04.2023)

1.Climate change has been recognised as one of the most critical challenges faced by the global society and economy in the 21st century. The financial.....

Tags : Framework, Acceptance, Green Deposits

Central Board of Indirect Taxes and Customs exempts the specific deposits(30.03.2023)

In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and C.....

Tags : Deposits, Exemption, Export

Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks(24.11.2016)

As you are aware there is a massive accumulation of SBNs at branches of banks and currency chests putting strain on processing capacities and storage .....

Tags : Guarantee Scheme, Deposits, SBNs

Effective date for deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance(10.06.2024)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....

Tags : Effective date, Deposits, Scheme

Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)

The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....

Tags : Scheduled banks, deposits, march 2015

Central Board of Indirect Taxes and Customs exempts the deposits pertaining to all classes of persons and all categories of goods, from the provisions of section 51A of the Customs Act, 1962(31.05.2022)

1. In exercise of the powers conferred by sub-section (4) of section 51A of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes an.....

Tags : Exemption, deposits, Goods

Companies (Acceptance of Deposits) Amendment Rules, 2020(07.09.2020)

In exercise of the powers conferred by section 73 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Centr.....

Tags : Acceptance of Deposits, Amendment, Rules

RBI launches - UDGAM - Centralised Web Portal for searching Unclaimed Deposits(17.08.2023)

The Governor, Reserve Bank of India today launched a Centralised Web Portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation). This portal ha.....

Tags : RBI, Web-portal, UDGAM, Unclaimed Deposits

Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(06.01.2021)

It is hereby notified that, the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announ.....

Tags : Interest rate, Deposits, Scheme

#Budget2019: Government Raises TDS Threshold on Interest on Deposits(01.02.2019)

Union Finance Minister Piyush Goyal has announced increase in TDS threshold on interest on post office and bank deposits from Rs. 10,000/- to Rs. 40,0.....

Tags : #Budget2019, Budget 2019, Government Raises TDS Threshold on Interest on Deposits

Tripura HC: Tax Authorities Cannot Revive Repealed VAT Powers or Retain Deposits Without Law(28.11.2025)

Tripura HC held that show-cause notices under Section 77 of the Tripura VAT Act, issued nine years after its repeal post-GST, are arbitrary, illegal, .....

Tags : Tax, VAT, Deposits

Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(03.04.2019)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....

Tags : Deposits, Interest rate, Scheme

Notification of Interest on deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(04.01.2022)

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....

Tags : Notification, Interest, Deposits