{"id":600,"date":"2016-12-19T14:59:01","date_gmt":"2016-12-19T09:29:01","guid":{"rendered":"https:\/\/blog.ritulpatwa.com\/?p=600"},"modified":"2016-12-19T14:59:01","modified_gmt":"2016-12-19T09:29:01","slug":"only-one-time-deposit-of-old-currency-notes-exceeding-rs-5000-are-permitted-in-an-account","status":"publish","type":"post","link":"https:\/\/blog.ritulpatwa.com\/?p=600","title":{"rendered":"ONLY ONE TIME DEPOSIT OF OLD CURRENCY NOTES EXCEEDING Rs. 5000\/- ARE PERMITTED IN AN ACCOUNT"},"content":{"rendered":"
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The Central Government has vide Notification No. S. O. 4086 (E) dated 17-12-2016 has inserted a new proviso to clause (iii) S. O. 3407 (E) dated 08-11-2016 related to Demonetisation of the Old Currency Notes of Rs. 1000\/- and Rs. 500\/-.<\/div>\n<\/div>\n
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\u00a0<\/span><\/div>\n<\/div>\n
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As per the new proviso “The deposit of an amount exceeding Rs. 5000\/- shall be made only once per account till 30th Dec, 2016<\/strong><\/em>“. The copy of the Notification is enclosed as Attachment to this post.<\/span><\/span><\/div>\n<\/div>\n
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\u00a0<\/span><\/div>\n<\/div>\n
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This is in line with our advise to our clients and the news item published in the DNA Newspaper on 18-11-2016 in which we have suggested as below:-<\/span><\/span><\/div>\n<\/div>\n
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\u00a0<\/span><\/div>\n<\/div>\n
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“As far as possible, cash should be deposited by way of a single entry in the Bank, so a fair intention may be established – RITUL PATWA, Chartered Accountant”<\/span><\/span><\/div>\n<\/div>\n
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\u00a0<\/span><\/div>\n<\/div>\n
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We suggest an assessee to be cautious and review his position before deposit of Old Denomination Cash in Bank.<\/span><\/span><\/div>\n
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\"single-deposit-of-old-notes\"<\/a>\"dna-cover-page\"<\/a>\"dna-cover\"<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Central Government has vide Notification No. S. O. 4086 (E) dated 17-12-2016 has inserted a new proviso to clause (iii) S. O. 3407 (E) dated 08-11-2016 related to Demonetisation of the Old Currency Notes of Rs. 1000\/- and Rs. 500\/-. \u00a0 As per the new proviso “The deposit of an amount exceeding Rs. 5000\/- …<\/p>\n

ONLY ONE TIME DEPOSIT OF OLD CURRENCY NOTES EXCEEDING Rs. 5000\/- ARE PERMITTED IN AN ACCOUNT<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[4],"tags":[154,12,302,303,304,305],"class_list":["post-600","post","type-post","status-publish","format-standard","hentry","category-chartered-accountants-ca","tag-ca-in-india","tag-ca-in-jaipur","tag-cash-deposit-in-bank","tag-demonetisation","tag-limit-for-deposit-of-old-cash-in-bank","tag-restriction-on-multiple-cash-deposit-in-bank"],"_links":{"self":[{"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=\/wp\/v2\/posts\/600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=600"}],"version-history":[{"count":1,"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=\/wp\/v2\/posts\/600\/revisions"}],"predecessor-version":[{"id":604,"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=\/wp\/v2\/posts\/600\/revisions\/604"}],"wp:attachment":[{"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ritulpatwa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}