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I-T dept identifies 90 lakh high-value transactions without PAN; to seek details I-T dept identifies 90 lakh high-value transactions without PAN; to seek details

The high-value transaction trails were detected following the department's drive to bring to book maximum amount of black money during the one-time compliance window closing on September 30.

Now get PAN card within a day -Know how Now get PAN card within a day -Know how

For greater ease of doing business in India, the CBDT on Monday said it has put in place new protocols which will ensure that corporates are allotted PAN and Tax Deduction Account Number (TAN) within a day.

Book LTC tickets on lowest fare or face action: Govt to staff Book LTC tickets on lowest fare or face action: Govt to staff

Employees who fail to buy air tickets at the lowest price available on the day while undertaking journey on Leave Travel Concession (LTC) claim will face severe penal action, as per the draft guidelines finalised by the Centre.

Reminder: File ITRs before July 31 deadline, says I-T dept Reminder: File ITRs before July 31 deadline, says I-T dept

The department has suggested the taxpayers to opt for e-filing of their Income Tax Returns (ITRs) and enjoy a hassle-free processing of the annual returns filing exercise.

Issue upto Rs 5,000 refunds fast and quick: CBDT to I-T dept

CBDT has directed the Income Tax department to "expeditiously" issue refunds worth Rs 5,000 for last three assessment years in order to provide immediate relief to taxpayers.

7th Pay Commission: Key things you should avoid doing with the additional money 7th Pay Commission: Key things you should avoid doing with the additional money

 It's highly recommended that the additional money you receive is invested wisely.

Relief for taxpayers: No recovery during pendency of stay Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

This is how interest is calculated on credit card balance This is how interest is calculated on credit card balance

Knowledge about how interest is calculated is an important approach towards using credit card more effectively.

TCS to be levied above Rs 2 lakh only if payment in cash: CBDT TCS to be levied above Rs 2 lakh only if payment in cash: CBDT

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the total payment is more than this amount.

Brexit not all bad for Indians: Falling Pound to create travel, investment opportunities in UK Brexit not all bad for Indians: Falling Pound to create travel, investment opportunities in UK

The weakening of British pound is seen as positive by the travel agents and realty consultants in India who facilitate overseas transactions, and expect more of Indians travel to the UK on leisure tourism or investment in the property market there.

7th Pay Commission bonanza: Where you can invest your money wisely 7th Pay Commission bonanza: Where you can invest your money wisely

Payout day of 7th Pay Commission is fast approaching. As per media reports, August 1 may be the possible date when central government employees will get increased salaries and arrears. 

Wilful defaulters: IT dept to use powers to arrest, detain Wilful defaulters: IT dept to use powers to arrest, detain

Officials have been directed not to shy away from the rare provisions of arrest, detention and auctioning of attached assets of wilful income tax defaulters.

Small savings schemes: Rate of interest for July-October quarter of FY 2016-17 Small savings schemes: Rate of interest for July-October quarter of FY 2016-17

Know the rate of interest on various small savings schemes for the July-October quarter of 2016-17 fiscal.

Premature PPF withdrawal: All you need to know Premature PPF withdrawal: All you need to know

Here are the key facts you should know about the premature PPF withdrawal.

 

EPFO credits 8.8% interest in 17 crore member accounts for FY’16 EPFO credits 8.8% interest in 17 crore member accounts for FY’16

Retirement fund body EPFO on Friday said it has updated over 17 crore member accounts, crediting interest rate of 8.8 percent for fiscal 2015-16.

Real return on Fixed Deposits Real return on Fixed Deposits

Not all can undertsand the tricky relationship between the investment made and rate of return earned on the amount. 

Learn how to file request of EPF transfer online Learn how to file request of EPF transfer online

In order to avoid the existing EPF account (in his last company) from becoming out of action due to change of job, one must follow this procedure.

7th Pay Commission: Calculate your expected arrears using this calculator! 7th Pay Commission: Calculate your expected arrears using this calculator!

7th Pay Commission: Calculate your expected arrears using this calculator!

 

PPF account: All you should know PPF account: All you should know

Know the key features of Public Provident Fund (PPF) Scheme.