Monday, November 14, 2016

No Parking Charges at Airports-No toll Tax-Side effect of Demonetisation

The Ministry of Civil Aviation has decided to suspend the collection of parking charges at all airports till midnight of 21 November 2016. This has been done in order to facilitate the smooth movement of passengers. 

In order to ensure smooth movement of traffic on national highways the government has decided to extend the suspension of fees on all toll plazas on National Highways across the country till the midnight of 18.11.16. Earlier the exemption had been allowed till the midnight of 11.11.16, and then extended till 14.11.16.


DCCBs can allow existing customers to withdraw upto ₹ 24,000 from their accounts : RBI

The Reserve Bank of India has today clarified that District Central Cooperative Banks (DCCBs) can allow their existing customers to withdraw money from their accounts upto ₹ 24,000 per week upto November 24, 2016. However, no exchange facility against the specified bank notes (₹ 500 and ₹ 1000) or deposit of such notes should be entertained by them. The Reserve Bank has accordingly advised all banks to permit withdrawal of cash by DCCBs from their accounts based on need. The cash withdrawal limit of ₹ 24,000 per week is not applicable to withdrawal of cash by a DCCB from its account with any other bank.

Alpana Killawala
Principal Adviser

Press Release : 2016-2017/1198



Source: Simple Tax India

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