Saturday, September 10, 2016
Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter
Income Declaration Scheme, 2016 has come into effect from June 1, 2016 and some declarants may wish to pay their tax dues in cash. In this connection, it has been reported that banks are hesitant in allowing the deposit of large value cash.
Based on RBI notification dated 8/9/2016. For any further clarification, please refer www.rbi.co.in