Webaccount and a current account in a Bank. During FY 2024-21, he withdraws cash of Rs 50 lakhs from savings account on 31.12.2024 and Rs 60 lakhs from current account on 28.2.2024, what will be the amount of TDS by the bank in FY 20-21 u/s 194N. Mr ABC is regularly filing his ITR in time for last 10 years. WebAug 4, 2024 · The deadline for complying with current account rules has been extended by the RBI, earlier which was dated till July 31, 2024. On Wednesday, the Reserve Bank of India (RBI) presented certain regulations in the circular for the implementation on the opening of the current accounts in banks. The central bank has given banks till the end of ...
CA Mohit Gupta - Deputy National Lead- Regulatory Reporting
WebThis question is for testing whether you are a human visitor and to prevent automated spam submission. Audio is not supported in your browser. WebAug 4, 2024 · According to the new RBI notification, banks will have to comply with the new rules related to the opening of current accounts by October 31, 2024. The circulars were introduced by the RBI in a circular last year. Previously, the RBI had set a deadline of July 31, 2024, for the implementation of the rules. sims 4 headphones mod
RBI eases current account opening rules for exposure below Rs 5 cr
WebApr 9, 2024 · If the Transaction sent to a bank by the Merchant has SI Flag, as per RBI Guidelines for E-mandate on cards for recurring payments, the Bank will decline the transaction Since the merchants mentioned in the E-mail are not integrated with the new ecosystem which complies with RBI E-mandate guidelines, the customer needs to check … WebOct 30, 2024 · The Reserve Bank of India (RBI) on Friday partly relaxed rules regarding the opening and operation of current accounts, thus giving some relief to businesses amid the festival season. In a circular issued on Friday, the banking regulator said that borrowers who have an exposure of less than Rs 5 crore can open current accounts and also have a cash … WebSep 27, 2024 · Features , Benefits and Advantages. Type of Account : Current Account to meet the requirements of Realtors who are looking for a product to meet the provisions of RERA Act 2016. Purpose : Realtor’s Current Account for the Purpose of RERA Act 2016. (Specifically designed for depositing the minimum 70% of Realtor’s Collections from … sims 4 headpiece