However, experts say that unless clear guidelines are there, it remains to be seen how many people fall within the ambit and who remains excluded.
Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
The evicted families of Dhalpur villages in Gorukuti will not, however, be paid any compensation as they are "encroachers", the government said in an affidavit to Gauhati High Court in response to a PIL filed by the Leader of the Opposition Debabrata Saikia.
A banking Trojan malware has been detected in the Indian cyberspace that is lurking to attack bank customers using Android phones and has already targeted those from more than 27 public and private sector banks, the country's federal cyber security agency said in a latest advisory.
The Bombay High Court on Friday said Aryan Khan, son of superstar Shah Rukh Khan, shall be released on a personal bond of Rs one lakh with one or two sureties of the same amount.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their GST liability in cash, the finance ministry said as it moved to curb evasion by fake invoicing. The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in Goods and Services Tax (GST) rules which restricts use of input tax credit (ITC) for discharging GST liability to 99 per cent. "... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99 per cent of tax liability, in cases where the value of taxable supply ... in a month exceeds Rs 50 lakh," the CBIC said.
IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the income tax department to further streamline end-user experience.
Seeking to allay citizenship concerns of a large number of people, government sources said on Thursday that one can prove Indian nationality by submitting any document related to his date of birth and its place, and there will be "absolutely no compulsion" to submit any document by his parents during any such exercise. An explainer shared by official sources said no document will be required for anybody's pre-1971 genealogy as such a condition was specific to the NRC exercise in Assam and asserted that it will be sufficient to provide one's details of birth like date and place in any future nationwide NRC.
Telecom Secretary J S Deepak has resolved the toughest issues facing the sector, but his real test will be in delivering on the govt's Digital India dream
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money.
Finance ministry asks bank, insurance & market regulators to issue notifications
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.
You can electronically verify returns and regularise these by August 31.
Silicon Valley-based billionaire and prominent venture capitalist Vinod Khosla on Friday condemned government's decision to ban internet-based taxi aggregator Uber following the alleged rape incident in Delhi recently.
Physical KYC takes anywhere between two to five working days to get done, V-KYC, only a few minutes.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
Vaccines provided to beneficiaries at the government health facilities will be entirely free of cost, while private facilities cannot charge the beneficiary a sum above Rs 250 per person per dose (Rs 150 for vaccines and Rs 100 as operational charges).
It was investing heavily in finding new ways to gauge driver behaviour apart from just relying on feedback provided by riders.
Archit Gupta -- founder and CEO, ClearTax.com -- lists common mistakes and how to avoid them for filing a hassle-free income tax return.
The Supreme Court Thursday appreciated the Centre's step to grant ex gratia assistance to the kin of those who died due to COVID-19 saying it has to take judicial notice of the fact that what India has done, no other country has been able to do.
While mobile wallets are still busy exploring the multiple facets of interoperability, experts believe that bringing in new customers would be costly affair and the numbers of new wallet users might not see a major hike anytime soon.
GSTN CEO Prakash Kumar tells Sudipto Dey how IT can improve service delivery of government departments.
The countrywide vaccination drive was rolled out on January 16 with the inoculation of healthcare workers, while the vaccination of the frontline workers started from February 2.
PDS: Smart ration cards need to be smarter
People use Internet on smartphones, using apps which use their data to provide tailor-made services
Apart from Bihar, Chhattisgarh and Jharkhand, where none of the estimated 6.7 million construction workers got cash transfer benefits, the coverage of the construction workers was the lowest in Delhi, where only about 5 per cent of the estimated workers received cash under the PMGKY, followed by Kerala and Uttar Pradesh (22 per cent), among major states. In India, construction workers belong to the unorganised sector but account for the highest share of non-farm jobs after manufacturing.
On Aug 28-31, an average of 1.5 mn e-filed tax returns a day, against IRCTC's daily average bookings of 600,000 & Flipkart's 100,000.
Home-grown taxi booking companies which have a business model similar to Uber's might have stricter security norms imposed on them.
The MHRD plans to track various performance parameters of government school teachers and students through tablets and smartphones, reports Sahil Makkar.
For those who find the online facility difficult, there is an electronic tutorial, and staff to assist you.
The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors
New offerings by banks are changing the way you transact.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
Priya Nair finds out how investors of mutual funds, shares, unclaimed bank deposits, insurance policies can redeem long-forgotten investments.
A lowdown on how this career portal launched by the Government of India will change your search for jobs forever
Within the next two years, verification and scrutiny of returns will happen electronically through anonymised back offices manned by tax experts and officials. It will function without any personal interface between taxpayers and tax officers. Both the taxpayer and the tax officer will not know each other -- who is scrutinising whose return, and at which place, points out Kuldip Kumar, partner and leader personal tax, PwC.
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