Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: empanelment :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: cpt :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
News Headlines »
 How to file income tax returns online without having Form 16 in 10 simple steps
 Deadline For Filing Income Tax Return (ITR) Is Just 11 Days Away: 10 Latest Details To Know
  10 incomes you need not pay any tax on
 How To File Income Tax Returns In Three Steps By March 31, 2018
 10 things about income tax every taxpayer should know
 What to do if your TDS is not deposited with the government
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol

Issue passbooks for savings accounts: RBI
October, 06th 2006
To offer greater convenience to customers and promote financial inclusion, the Reserve Bank of India (RBI) has asked all banks to offer passbook facility to all its savings bank account holders. Explaining the need for pass books, RBI said there are a large number of small customers who do not have access to computers. As such, non-issuance of passbooks to such small customers would indirectly lead to their financial exclusion. It has been observed that many banks had unilaterally discontinued issuing passbooks to savings bank account holders, resulting into great inconvenience to the account holders. For banks offering statement of account, they have been asked to issue monthly statement of accounts as against quarterly statement of accounts issued currently. Banks have been advised to extend the facility of providing such passbooks or monthly statements without any additional cost. Highlighting the advantages of a passbook facility over statement of accounts, RBI said a passbook is a ready reckoner of transactions and is handy and compact and as such, is far more convenient to the small customer than a statement of account. Further, issue of statement of accounts poses a threat of loss of statements in postal transit. It was also pointed out that ATM slips during the interregnum between two statements does not provide a satisfactory solution as full record of transactions is not available. Also, use of statements requires the opening balance to be tallied with closing balance of last statement. Banking community explained that issuing of passbooks to customers would require upgradation of their technology systems to update the pass-books of their customers at regular intervals. However, they did not voice any inconvenience in offering pass-book facility or monthly statement of accounts to customers. In a notification issued in the previous month, the apex bank had directed all the banks to ensure that full address and telephone number of the branch is invariably mentioned in the pass books or statement of accounts issued to account holders.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions