ATM Money Debited from your Account but Cash Not Dispensed/Received?

In every bank’s ATM Centre, a notice board explaining this along with contact numbers of the help desk/contact person is expected to be put up. Inform the Concern Authorities Via Email / Phone Call.

Usually the money gets credited back in 24-72 hours

If not Lodge a complaint at the branch where you have the account linked with the ATM card (Refer your Name, Account No, Debit/Credit Card No, ATM Centre, Address & Mobile Number) and note down the Complaint Number or get the acknowledgement Copy. This process is applicable even if the transaction was carried out at another Banks ATM .

The bank is mandated to resolve it within seven days of receiving the complaint. If the bank fails to recredit the account within seven days, the customer is entitled to a compensation of Rs.100 a day from the bank.


After 7 or 12 Days:

1. Follow-up with Branch Officials
2. Escalate to Bank Grievance System / Bank Nodal Officers
3. Approach the Banking Ombudsman
http://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=164
https://secweb.rbi.org.in/BO/precompltindex.htm

FYI: The number of notes put in the ATM and the amount dispensed is tallied at the end of the day with each ATM (Inquiry the Error Log on Cash Management Process). Normally, it’s one odd case (of people not getting money out of ATM) and if a claim comes and the amount is the same as the difference noticed in the tally report, then it is given to the customer.”

There are cameras in many ATMs and it can be easily established whether the cash is dispensed or not. All our ATMs have a telephone which you can just pick up and you are connected to the call Centre. You can inform the call Centre or the branch, whichever is convenient.

Capital Gains Tax

Under the Income Tax Act, 1961, gains, if any, arising from  sales of the land would be taxable.

STCG - Short Term Capital Gains - Property held for less than 36 months
The STCG woule be tax rates as applicable to other normal income for the concerned Financial Year.

LTCG - Long Term Capital Gains - Property held for more than 36 months
The exemption under section 54/54F of the Act could be availed by individual only in respect of LGCG.

Incase of inheritance, the period of holding is counted from the date of purchase of the property by the previous owner (Father/Mother/Husband/etc).


LTCG = Net Sales Proceeds - Indexed Cost of Acquisition
LTCG shall be taxed at the rate of 20.6% (including education cess).

Cost of Acquisition = Purchase Cost + Property improvement Costs(Alterations) + Stamp Duty + Registraion Fees +  Brokerage + Legal Expensess + etc.

On the other hand, payment of interest on the bank loan availed for purchase of  property being an ongoing recurring expensess. it will not be considered as part of purchase cost.

Claiming Exemption:
Provisions under the Income Tax Act 1961 for claming exemption from tax in respect of LTCGs from Sale of land is seprate from the sale of residential property house. (i.e.,) Calcuation Methodology

Though in both the cases exemption from tax in respect of LTCG can be claimed by investing the proceeds or capital gains, as the case may be, in a new residential house.

LTCGs from Sale of Land:
Where the cost of new house exceeds the net sale proceeds, entire LTCG should be exempt from tax.
However, where the cost of new house is lower than the net sale proceeds, LTCG is exempt from tax in proportion of cost of new house to the net sale proceeds.

However, the exemption under Section 54F of the Act Could be availed subject to fulfilment of prescribed conditions.
(i) You should not own more than one house (other than new house), on date of sale.
(ii) Further you should not purchase or constuct any residential house (other than the new house) within a period 1 Year to 3 Years, respectively after the date of sale.
(iii) Alternatively, you may consider claiming exemption from tax under Section 54EC of the Act by investing the sale proceeds in specified bonds issued by National Highways Authorities of India or Rural Electricification Corporation Ltd within Six months from the Sale date upto cap of Rs.50Lakh duing any Financial Year.

LTCGs from Sale of Residential Property:
Under Section 54 of the Act, you could Claim LTCGs arising from transfer of residential flat as exempt from tax by investing in new residential house.

The exemption is caped to lower of the amount invested in the new house or Capital gains arising from the transfer fo the old house.

Alternatively you could invest the sale proceeds during the Financial Year in specified Bonds and claimed deduction under Section 54EC of the Act.

Marriage Arrangements @ Devakkottai

Computer & OffsetPrinters:
Sri Gopalakrishna, Dasaratha Vijayam Shopping Complex, #34, Thiyagigal Road, Devakottai 630302. Phone: 04561-272713

Wedding Cards & Covers:
Olympic Cards Ltd, Chennai 600001. www.oclwed.com

Gift Plastic Articles:
Indian Store, #21, Kasi Chetty Street, Chennai 600001. Phone: 044-23450617 / 8 / 9
Indian Store, Unity Complex, #39, Narayana Mudali Street, Chennai 600001.

Silk Sarees:
Kancheepuram Murugan Silk Weavers Co-operative Production & Sales Society, 350, Pantheon Salai, Egmore, Chennai 600008. Tel: 044-27222101 / 044-27225711

Kancheepuram Kamakshiamman Silk Handloom Weavers Co-Operative Production & Sales Society Ltd, 350, Pantheon Salai, Egmore, Chennai 600008. Tel: 044-28192851

The Kancheepuram Thiruvalluvar Silk Co-op Society Ltd, 350, Pantheon Salai, Egmore, Chennai 600008. Tel: 044-28194115 / 044-28190144

Sarees & Chudidhar:
Shree Krishna Collections, #39, Godown Street, Chennai 600001

Fashion World, #37, Godown Street, Chennai 600001

Jai Fashions, New 99/Old #37, Godown Street, Chennai 600001

Blouse Matterials:
RmKv Fabrics Pvt Ltd

Inner Garments:
Rajputna Trading & Co, 36, Godown Street, Chennai 600001. Phone: 044-25390569

Photo & Video Grapher:
Sarathi Studio (Official Photgrapher for SSA College), #524, Thiruppathur Road, Opp: Bharath Petrol Bunk, Devakottai 630302. Mobile: +91-9489417995 / +91-9486751980 / +91-9865766138 / +91-9842538311

Car & Auto Rental:
MaruthaKasi, Devakottai 630302. Phone:04561-273284

Drinking Water Can Supplies: VR Suyamprakasam, Kannathal Travels, Devakottai 630302. Mobile: +91-9488006297

Flowers: P Ramalingam, Kallukatti North, Karaikudi 630001. Mobile: +91-9443330799 / +91-9443730794

Biscuits:
Sollisvarar & Co, Karaikudi 630001

Tent Decorator:
Guru Panchanatham, Devakottai 630302

Rice Mill:
Seetha Rice / PL Murugasen & Co, #10, Arunachala Poigai East, Devakottai 630302. Phone: 04561-272388 / 272670

Nuts:Mani Traders, #380, Rangai Gowder Street, Coimbatore 64100. Phone: +91-9843012474 / 2391391 / 2398751

Spices & Masala
Shree Singhi Spices, #15, Strotten Muthiah Street, Sowcarpet, Chennai 600079. Phone: 044-25369851 / 044-25387192

Carry Bag:
Sriram Bags Company, No 9, 3rd Street, Lazar Nagar, Avadi, Chennai 600071. www.srirambags.com

Ice Cream:

Marriage Registration Document Writter:
RM. Kathiresan, No: 1, Subramaniyapuram New Street, Devakottai 630302. Phone: 04561-272690 / +919842449149

Simple Investment Principle

1. Take pure "Term Insurance Plan" to fulfill your insurance needs. 
2. Don’t mix your investment and Insurance portfolios. (i.e.) ULIP or Mutual Fund with Group Insurance
3.  

Sample: Out of Office / Vacation Notice

Hi,

I will be on leave on <+Day>, <+Date>.
I will be on vacation from <+Day>, <+Date> to <+Day>, <+Date>.
Office is closed owing to <+Holiday Name> on <+Date>.
 
For any <+Project> queries kindly contact <+Colleaguge Name> and copying me in all emails. Any other production/urgent issues please sent an email to <+Group Email ID>.

For non-urgent queries or issues, I will respond to your emails on my return to office on <+Day>, <+Date>.

Please call me on my mobile +91-<> if you have any emergency issues/queries.


Thanks & Regards
<+Your Name>

Shopping

Toys, Birthday & Marriage Gifts at Wholesale Price ( 30 to 55% Discount on Market Price)
FYI: Accept the excess Purchase/Returns

RK Novelties, #15-8-513/G/6, Aziz Plaza (Ground Floor), Feel Khana, Hyderabad

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Friendship

MGR well said "Tell me who your friends are, and I will tell you who you are!"

Friends are my family I choose myself. My friends never walk in front of me because they know I may not follow, never walk behind me because they know I may not lead. They walk besides me and took along with them. Thank you for accepting me as friend and more over accepted me just the way I am. Thankyou Dear for your true Friendship now and always. Happy Friendship Day!