Donation In Demonetised Notes

Trustees of the famed Lalbaugcha Raja in Mumbai were in for a shock on Saturday as they counted the millions of rupees that poured in as offerings in the donation boxes during the 12-day Ganeshotsav celebrations last week.

The famous hill shrine of Lord Venkateswara in Tirupati in Andhra Pradesh is trapped in a quirky situation of sorts and is now seeking providential assistance for a way out. It has received a whopping four crores in demonetised notes of Rs 500 and Rs 1,000 from devotees in the last two months - past the deadline for their exchange.

Transfer from bank accounts after the cash is deposited to any entity not related to the business will also be closely examined, a senior government official said, adding that cash donations will also be looked into.

The 500- and 1,000-rupee notes that were abolished last month can be deposited by political parties till December 30 in their bank accounts without having to pay any tax, said the Finance Ministry today.

The cave shrine of Mata Vaishno devi had received donations worth Rs 1.9 crore in old currency notes of Rs 500 and Rs 1,000 after the government's demonetisation decision of November 8 even as the shrine board has set up POS machines to facilitate pilgrims to make cashless payments.

Agents offering to launder money are using creative means, including flying banned cash by the planeload to northeastern states exempt from restrictions as well as connecting people to high-turnover businesses that can deem old cash as revenue, keep a portion of it, and return the rest, according to people involved in the networks. Premiums range f...

For this Kolkata teenager, bedridden with a rare disease for last nine years, demonetisation has brought offers with many 'friends' coming forward to donate their 'black money' for her treatment - but with a rider - keep 30 per cent for medicines and return the rest in white.

Trustees of the famed Lalbaugcha Raja in Mumbai were in for a shock on Saturday as they counted the millions of rupees that poured in as offerings in the donation boxes during the 12-day Ganeshotsav celebrations last week.

The famous hill shrine of Lord Venkateswara in Tirupati in Andhra Pradesh is trapped in a quirky situation of sorts and is now seeking providential assistance for a way out. It has received a whopping four crores in demonetised notes of Rs 500 and Rs 1,000 from devotees in the last two months - past the deadline for their exchange.

Transfer from bank accounts after the cash is deposited to any entity not related to the business will also be closely examined, a senior government official said, adding that cash donations will also be looked into.

The 500- and 1,000-rupee notes that were abolished last month can be deposited by political parties till December 30 in their bank accounts without having to pay any tax, said the Finance Ministry today.

The cave shrine of Mata Vaishno devi had received donations worth Rs 1.9 crore in old currency notes of Rs 500 and Rs 1,000 after the government's demonetisation decision of November 8 even as the shrine board has set up POS machines to facilitate pilgrims to make cashless payments.

Agents offering to launder money are using creative means, including flying banned cash by the planeload to northeastern states exempt from restrictions as well as connecting people to high-turnover businesses that can deem old cash as revenue, keep a portion of it, and return the rest, according to people involved in the networks. Premiums range f...

For this Kolkata teenager, bedridden with a rare disease for last nine years, demonetisation has brought offers with many 'friends' coming forward to donate their 'black money' for her treatment - but with a rider - keep 30 per cent for medicines and return the rest in white.