Changes in I-T rules kick in today; to help govt track taxpayers' income, reports Dilasha Seth.
The Central Board of Direct Taxes is set to rationalise I-T rules.
For the first time, the Income Tax department has decided to set up special 'tax kiosks' in residential areas and localities for facilitating a host of taxpayer related services in view of the forthcoming tax returns filing season.
For the purpose of NPR, a usual resident is defined as a person who has resided in a local area for past six months or more or a person who intends to reside in that area for the next six months or more.
Unique Identification Authority of India (UIDAI) on Monday appealed people to register or update their mobile numbers in Aadhaar for easy access of various government services online.
In order for somebody to do Big Brother kind of a job, one has to collect lots of data. Aadhaar collects very minimal data whether at the time of enrollment or at the time of authentication.
A local court on Thursday extended till July 23 the police custody of Parvez Tak who is accused of murdering starlet Laila Khan and her family at a farm house in Nashik district.
Explosive devices including battery and red wire, a .32 bore pistol, seven live cartridges, cash, PAN card, four ATM cards, pen drives, metro card, driving licenses and Aadhar cards were recovered from their possession, he said.
Tax Guru Anil Rego answers your personal income tax queries
In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and take measures to ensure that they are not sanctioned loans.
This is part of the initiatives that the ministry is undertaking to use technology in order to make airport check-in seamless and formation of a no-fly list.
Dwaipayan Bose examines the seven important factors that investors about exchange traded funds must know before they start investing/trading in them.
Moral of the story: Caveat emptor, when you are talking to HR.
The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay penal tax on their cricket related earnings in India.
The department gets data of high-value transactions under the Annual Information Return.
Coal India wants to organise PAN cards and demat accounts for each of its 400,000 staff ahead of its IPO.
The government earned Rs 7.42 lakh crore as direct taxes in 2015-16, a 66 per cent increase from Rs 4.45 lakh crore in 2010-11
There are some solid reasons for acquiring a PAN card (if you don't have one) and filing your ITR within the due date, which is 31st July every year.
For the common man already battling high inflation, the new fiscal will be tougher as virtually everything will be dearer in 13 big cities, where petrol and diesel will be costlier, while in the national capital they have to shell out Rs 30 more for cooking gas.
Missing the deadline for filing Income Tax returns can lead to consequences.
Shah also said the Census 2021 data will be collected through mobile app.
Security experts say the first rule to avoid falling into a hacker's trap is to never give out passwords, pin and other personal details to anyone or any website. Never respond to emails that seek personal information. When you access your net-banking facility, check for security certificates. Change your password often.
The family was struck off from government welfare rolls for not linking their ration card with Aadhaar.
The activist, who advises various farmer organisations, was arrested when Assam was witnessing widespread protests against the Citizenship (Amendment) Act.
So give her the financial support, transfer your wealth to her and make investments in her name. Each of those decisions has tax implications. Here we take a look at each one of them:
MIN will be provided absolutely FREE OF COST to the investors.
Avoid getting into a debt trap by using your credit judiciously. Anil Rego explains how
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
It is possible that this experiment might see a rise in the Union government's cost incurred on tax concessions, without any increase in the tax base or coverage, says A K Bhattacharya.
The Union Health Ministry said on Monday that the Co-WIN app on Play Store is meant for use only by administrators, and that registration and booking for appointment for COVID-19 vaccination has to be done through the portal.
Tokenisation acts as an additional layer of security as it masks sensitive card data such as the 16-digit account number, expiry date and security code. However, the security level of the app and the customer's mobile itself also needs to be taken into consideration, say experts. Nikhat Hetavkar explains the whole idea of tokenisation, how it is enabled, its impact on card transactions and related security guidelines.
Small queues were witnessed at some bank branches on Tuesday for the exchange of Rs 2,000 notes against smaller denominations as part of the withdrawal exercise. As per the RBI guidelines issued on Friday, the exchange of Rs 2,000 facility is available from Tuesday. A person can exchange up to a limit of Rs 20,000 at a time without filling any form or requisition slip.
The Comptroller and Auditor General of India report for 2010-11 on direct taxes, tabled in Parliament on Friday, revealed that 958 lakh (95.8 million) PANs were issued up to March 2010 but IT returns filed in the last fiscal were only 340.9 lakh (34.09 million).
If the idea was to garner AIADMK votes with or without the three faction leaders after the party broke ties with the NDA, it may not work after all, observes N Sathiya Moorthy.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
The minister also said the Bengaluru-specific anti-terrorist squad (ATS) probably will be operational in November first week.
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options to at least 40 per cent of their total portfolio. "Over the medium to long term, as part of our product strategy, we are evaluating secured products which can be enabled over a digital platform" said Yogi Sadana, the founder of Zype, a lending-focussed fintech.
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