New Delhi: With the formalisation of the banking sector and proper segregation of customer’s profile in the directory of the bank, all the scheduled commercial banks, cooperative banks, non-banking financial companies (NBFCs) and other microfinance lenders are religiously incorporating know… Continue Reading
BENGALURU: Public sector lenders State Bank of India (SBINSE 0.64 %) and Bank of BarodaNSE 0.93 % (BoB) have limited the cash withdrawals of customers using micro-ATMs of other banks to just four times a month, in what could cause… Continue Reading
New Delhi: The Central Board of Direct Taxes (CBDT) has launched a computer-generated documentation identification number (DIN) system which provides for a transparent and recorded communication between the income tax department and taxpayers. A DIN will be mandatory for every… Continue Reading
From October 1, there are five changes that will have a bearing on your personal finances. Here is a look at those five changes and how it can impact your financial decisions and finances. External benchmarking of loans As directed… Continue Reading
MUMBAI: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote more digital payment solutions and eliminate the plastic… Continue Reading
PUNE: The US has moved a step closer to changing how the H-1B visa issuance process is carried out from next year that would impact Indian IT services firms. Last week, the Office of Management and Budget said it has… Continue Reading
New Delhi: Personal Account Number (PAN), the unique ten-digit alphanumeric ID issued by Income Tax Department, is the most important document which is needed at the time of filing the income tax returns and addressing the other tax assessment-related issues.… Continue Reading
NEW DELHI: The Rajya Sabha on Wednesday cleared the bill to amend 30-year old motor vehicle law to improve road safety, raise penalties for traffic violations, curb RTO (Regional Transport Office) corruption and other measures to transform the transport sector.… Continue Reading
Under Section 192 of the Income Tax Act, every employer who is paying a salary income to his employee is required to deduct TDS from the salary income if it exceeds the basic exemption limit. Due to this mandate, every… Continue Reading
With an aim to simplify tax administration and bring greater transparency, FM has proposed inter-changeability of PAN and Aadhaar. “Those who don’t have PAN, can file ITR by simply quoting Aadhaar number,” Sitharaman noted. Now, you can simply quote your… Continue Reading
NEW DELHI: Regulator PFRDA today said funds transferred from provident fund account to National Pension System (NPS) account will not attract any tax. “The amount so transferred from recognised Provident Fund/Superannuation Fund to NPS is not treated as income of… Continue Reading
By Shalini Jain The due date for filing your income tax return (ITR) is fast approaching. One of the most important documents that you need to verify prior to filing your ITR is your Form 26AS. What is Form 26AS… Continue Reading