If life has become a little less taxing, thank the reform measures initiated by Finance Minister Jaswant Singh in tax administration.
The Securities and Exchange Board of India (Sebi) on Thursday allowed companies to offer up to 10 per cent discount to retail investors in initial public offers. The discount was so far restricted to follow-on offers. Sebi has also redefined the term 'retail investor' as one who makes application or bids in a public issue for value not exceeding Rs 1,00,000 - up from the existing Rs 50,000 and above.
Baby girl Akshita, born on June 20, 2007, received the card on August 3 when she was just 44-day-old.
The finance ministry on Thursday appointed National Securities Depository Ltd to provide PAN cards to new taxpayers in 139 cities from next week.
The online tax payment feature will be extended to all credit cards directly through the website www.incom-etaxindia.gov.in
A single security lapse could lead to complete wipe out of your crypto assets in seconds, with no recovery in sight, warns Nikhil Sethi.
The government on Tuesday warned the estimated 13 lakh (1.3 million) duplicate Permanent Account Number card holders of a penalty of Rs 10,000 if they do not surrender these by the December 31 deadline.
I-T dept to outsource PAN card allotment
With the new facility, settling PF withdrawal claims would just take few hours.
Individuals can now get a new Permanent Account Number through Aadhaar-based e-signature facility.
It is just a question of providing an additional facility to the taxpayer that if he is not quoting PAN and only has Aadhaar, his filing and processes do not get affected, said CBDT chief.
The income tax department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and NIA, under the integrated counter-terrorism platform NATGRID, according to an official order.
Kanimozhi had challenged a Madras high court order which had refused to dismiss the petition against her.
The Supreme Court on Tuesday cleared the hurdle for the release of activist Gautam Navlakha from Navi Mumbai's Taloja prison, where he is lodged in the Elgar Parishad-Maoist link case, by waiving the requirement of a solvency certificate for availing the benefit of house arrest.
DigiLocker, a government initiative for storing documents and verifying credentials online, is gradually replacing the need for paper.
The income-tax department may make a permanent account number (PAN) mandatory for cryptocurrency investors, in line with the demat account rules for stock market transactions, according to two people privy to the discussion. At present, disclosure of crypto holdings and related gains is voluntary. If tax authorities go ahead with the PAN mandate, crypto exchanges will have to furnish a statement of financial transactions (SFT) before the income-tax department.
The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.
Officials are relying on both formal and informal methods for reaching non-filers.
'If someone fiddles us on our religion then we will pay back five times more to that person. We have proved that time and again.'
The Central Board of Direct Taxes has issued a notification expanding the list of documents admissible as proof of identity and address by including Aadhaar Card. Aadhaar is a 12-digit individual identification number issued by the Unique Identification Authority of India on behalf of the government of India.
Journalist Rana Ayyub rejected allegations on Friday that she "misused" donor funds raised in the wake of the Covid-19 pandemic, saying money-laundering charges levelled against her are "preposterous and wholly mala fide".
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
The credibility of the examination system has also come under question, they said.
The scheme is yet to take off.
They would intensify the protest if their concerns are not addressed in the Budget.
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
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