Taking the first step towards launch of online PF transfer claim facilities, retirement fund body EPFO has unveiled the revised transfer claim form for the purpose.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
The bench also sought a report about an inquiry made on the issue.
The details that you file regarding your income, investments and tax exemptions are verified by the Income Tax department with the details obtained as per your Permanent Account Number records.
A glance back at some important events that occurred in 2018.
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
The majority have stayed away from getting into cash handling.
The recently approved government scheme provides both liquidity and returns.
Should the Income-Tax Act have been simultaneously amended to exclude Sikhs and Jains from the definition of HUF once they were declared a minority by the government? Sanjeev Nayyar discusses the curious dichotomies in our laws.
The Supreme Court on Wednesday put a poser as to why there was no objection from lawmakers on the government's decision to make Aadhaar mandatory for making PAN cards, a move which was given effect by the latest budget from July 1.
The government can seek details from sellers such as sources of funds while buying.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
While diligent paperwork helps claim tax benefits, with employers under pressure from the government, any lapse in documentation by an employee will lead to sharp cuts in salary.
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.
With filing possible only online, there is no scope for any error.
The apex court's five-judge Constitution bench headed by Chief Justice Dipak Misra said Aadhaar is meant to help benefits reach the marginalised sections of the society and takes into account the dignity of people not only from personal but also from community point of view.
AAdhar cannot be successful unless there is proper coordination at the helm.
A Balasubramanian tells Business Standard that the sector will see one of its best phases in the coming five years.
'I think investors see a lot of positives happening in India now.'
As real estate is about a tenth of the Indian economy, the extent of black money floating around in the sector is huge.
Database to contain taxable financial transactions and history of any tax-paying individual.
The limit under the Liberalized Remittance Scheme (that was earlier $200,000 and now brought down to $75,000) is applicable per person per financial year.
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
Finance ministry maintains that all KYC requirements will be followed.
New offerings by banks are changing the way you transact.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Sanjeev Nayar offers some ideas on how Indians can help in improving the lives of those living in border areas and in the process help the Indian Army.
The online world is driven by convenience, simplicity and speed.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Keep at least one family member in the know of all your investments
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Taki in West Bengal's North 24 Parganas district is the last Indian outpost on the border with Bangladesh. It is one of hotspots for Bangladeshi infiltration into India. While most poor Bangladeshis cross over to look for work, terror groups take advantage to ferry their men and material into India. Indrani Roy/Rediff.com reports.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
