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Online I-T grievance redressal facility launched at 60 offices Online I-T grievance redressal facility launched at 60 offices

After launching the ambitious e-nivaran facility for online redressal of taxpayers' grievances, the Income Tax Department has now opened these windows at its 60 special offices across the country.

Soon you will receive PAN in few minutes, pay income tax using smartphone Soon you will receive PAN in few minutes, pay income tax using smartphone

In the latest addition to the list of measures taken by the government to make filing of taxes easy for the taxpayers, the Central Board of Direct Taxes (CBDT) is working on a plan to issue PAN in just few minutes using Aadhaar's e-KYC facility.

Labour Min, FinMin agree on 8.65% EPF interest: Dattatreya Labour Min, FinMin agree on 8.65% EPF interest: Dattatreya

Labour Minister Bandaru Dattatreya on Tuesday said 8.65 percent interest rate on EPF deposits for this fiscal will soon be ratified by the Finance Ministry and there is no difference of opinion on the issue.

 

FAQ on taxation of allowances, salary arrears paid to employees FAQ on taxation of allowances, salary arrears paid to employees

Allowances are payments paid to employees paid in specific intervals, apart from salary, for the purpose of meeting some particular expenditure, eg. Leave travel allowance, transport allowance, uniform allowance, etc. There are some allowances that are taxed, while some are non- taxable allowances.

Govt allocates Rs 500 cr to India Post Payments Bank Govt allocates Rs 500 cr to India Post Payments Bank

Government has allocated Rs 500 crore to India Post Payments Bank for financial year 2017-18 as it gears up to set up 650 branches across country by September 2017.

Operation Clean Money: Over 5.27 lakh taxpayers respond to I-T dept query on cash deposits Operation Clean Money: Over 5.27 lakh taxpayers respond to I-T dept query on cash deposits

Out of the 7.41 lakh accounts confirmed by the 5.27 Lakh taxpayers, the cash deposit amount has been confirmed in more than 99.5 percent accounts.

I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore

The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 percent higher than last year's.

IDFC Asset Management Company launches fixed income fund

IDFC Asset Management Company on Monday launched an open-ended fixed income fund and hoped to mop-up revenue in the range of Rs 300 crore-500 crore from the scheme in the NFO period itself.

NSDL to drastically reduce charges under NPS from April 1 NSDL to drastically reduce charges under NPS from April 1

Under pressure from competition, NSDL e-Governance Infrastructure has decided to drastically cut maintenance and account opening charges for subscribers of the National Pension System (NPS) from April 1.

Government employees to face disciplinary action for misusing LTC Government employees to face disciplinary action for misusing LTC

Central government employees found misusing Leave Travel Concession (LTC) will face disciplinary action, the Department of Personnel and Training (DoPT) has warned.

Online fraudsters shift tactics to target Indians Online fraudsters shift tactics to target Indians

If you thought that phishing emails aiming to defraud you of your hard earned income only come as lottery and charity baits, then be alert!

Banks rush to buy cyber security cover as digital payments rise Banks rush to buy cyber security cover as digital payments rise

At a time when cyber threats are on the rise for banks for increasing cashless transactions and effects of demonetization, insurers see rise in demand for cyber insurance and cyber liability insurance, in particular.

Reply date for I-T queries on deposits extended till Feb 15 Reply date for I-T queries on deposits extended till Feb 15

Government on Saturday extended the window for assessees receiving SMS or e-mail queries from the income tax department on cash deposits post demonetisation by 5 days to February 15.

RBI Governor nudges banks to reduce lending rates RBI Governor nudges banks to reduce lending rates

RBI Governor Urjit Patel today exhorted banks to reduce their lending rates to push credit demand in laggard segments, saying banks have benefited from influx of low-cost deposits and its previous repo rate cuts.

This is how India Post Payments Banks will bring banking to your door step This is how India Post Payments Banks will bring banking to your door step

India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in Raipur and Ranchi on February 1.

No decision yet on imposing tax on cash transactions: Govt No decision yet on imposing tax on cash transactions: Govt

The government has not taken any decision on levying a Banking Cash Transaction Tax (BCTT) on cash deals of Rs 50,000 and above as suggested by the high- powered Chief Ministers' panel, Economic Affairs Secretary Shaktikanta Das said on Thursday.

89% want eatery service charge removed : Survey 89% want eatery service charge removed : Survey

Eighty-nine percent of those surveyed in a recent survey wanted the service charge levied by restaurants to be completely removed.

CBDT issues certificates of appreciation to nearly 3.74 lakh tax payers

The total number of certificates issued by CBDT now stands at approximately 23 lakh.

Tax officers to maintain digital records of summons, notices

Reducing discretionary powers of taxmen, the income tax department has asked its field officers to maintain digital records of summons, notices and special audit ordered by them.

CAs to pay fine of Rs 10,000 for filing incorrect info: CBDT

In a bid to check filing of incorrect returns by CAs, the tax authority will impose Rs 10,000 fine on such professionals to deter such act.