Friday, March 21, 2014

Banks to remain open in the last weekend of March 2014

Banks to remain open on last three days of March
While 29th March is a Saturday, 30th March is Sunday and 31st March is the last year of financial year and is a public holiday (Gudi Padwa) in some parts of the country
Bank branches across the country will remain open for full day between 29th to 31st March to facilitate tax collection.
 While 29th March is a Saturday, 30th March is Sunday and 31st March is the last year offinancial year and is a public holiday (Gudi Padwa) in some parts of the country.
 “The Chairperson, Central Board of Excise and Customs has requested the SecretaryFinancial Services to issue instructions to have the banks open for full day on 29th, 30th and 31 March 2014 so that the efforts made for collections of revenue are reflected appropriately,” an office memorandum said.
View the Press Notification of Finmin dated 27.03.2014
 Bulk of the revenue is received at the end of the month, it said, adding banks need to facilitate electronic tax payment by assessees.
 In the 2014 interim budget, the government has lowered the indirect tax collection target for the current fiscal by Rs45,483 crore to over Rs5.19 lakh crore.
 Of this, over Rs1.75 lakh crore and Rs1.79 lakh crore is to be mobilised from customs and excise duty collection and about Rs1.65 lakh crore from service tax.

No comments :

All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.

Blog Archive