Tag: Penalty

Rs 500, Rs 1k notes can be used for paying Utility Bills, Tax; Amounts deposited beyond Rs 2.5 Lakh will entail Tax, Penalty

Editor

Giving some more relief to common man, the Government of India (GoI) Thursday said old Rs 500 and Rs 1,000 notes can be used to pay utility bills, taxes, penalty and fees to central and state governments till midnight of November 11. While demonetising the high-value currency notes on Tuesday, the GoI had permitted people to use such notes for payment of certain services like rail and metro ticket, rail catering, airline ticket, buying LPG cylinder and medicines with doctor’s prescription. Economic Affairs Secretary Shaktikanta Das today tweeted, “Old 500,…

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