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GAAR to be effective from April 1, 2017: CBDT GAAR to be effective from April 1, 2017: CBDT

Addressing investors' concerns ahead of GAAR implementation from April 1, the tax department today said it will not interplay with their right to choose a method of transaction and won't apply if routing of funds through a jurisdiction is "based on non-tax commercial considerations".

Govt to roll out Aadhar Pay for cashless transactions Govt to roll out Aadhar Pay for cashless transactions

Government will soon roll out Aadhaar Pay service that will enable people to make and receive payments using their Aadhaar number and biometrics.

Get incentives from govt for going cashless soon; Budget 2017 may announce fund to incentivise digital payments Get incentives from govt for going cashless soon; Budget 2017 may announce fund to incentivise digital payments

In order to boost digital payments in the country, the government is mulling to set up a digital payments incentive fund which will fund measures to widen infrastructure to support digital payments.

Demonetisation affected repayment of auto loans: Fitch Ratings Demonetisation affected repayment of auto loans: Fitch Ratings

Fitch Ratings on Friday said repayment of Indian auto loans got affected by demonetisation and it would take a couple of months for collections to come back to normal levels.

Demonetisation: Weekly withdrawal limits from banks, ATMs likely to go away by Feb-end Demonetisation: Weekly withdrawal limits from banks, ATMs likely to go away by Feb-end

The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.

Bank of Baroda launches debit card EMI facility for its customers Bank of Baroda launches debit card EMI facility for its customers

State-run Bank of Baroda on Wednesday launched EMI facility for its debit card holders to purchase electronics and consumer durables products.

Indiabulls Housing ties up with Paisabazaar for e-Home Loans Indiabulls Housing ties up with Paisabazaar for e-Home Loans

Indiabulls Housing Finance Ltd. (IBHFL) has entered into a strategic partnership with Paisabazaar.com, India`s leading online financial marketplace, to offer online home loans to consumers.

Where are the post-demonetisation fake notes? Even RBI doesn't know Where are the post-demonetisation fake notes? Even RBI doesn't know

The Reserve Bank of India has admitted it has no confirmed data of the number or value of fake currencies detected since the demonetisation of Rs 500 and Rs 1,000 notes, a RTI query has revealed.

Digital payments: Panel recommends abolition of MDR, tax on cash transaction above Rs 50,000 Digital payments: Panel recommends abolition of MDR, tax on cash transaction above Rs 50,000

To encourage digital transaction, the Chandrababu Naidu panel, in the report to PM Modi stated that bringing down cost of digital transactions was key to success of digital payments.

Cabinet approves  pension scheme for senior citizens with 8% return Cabinet approves pension scheme for senior citizens with 8% return

The scheme will provide an assured pension based on a guaranteed rate of return of 8% per annum for ten years.

SBI General Insurance launches long term 2-wheeler insurance SBI General Insurance launches long term 2-wheeler insurance

 SBI General Insurance Company today said it has launched its Long Term Two Wheeler Insurance Policy-package providing cover for up to three consecutive years.

These employees would like Income Tax ceiling for salaried class to be raised to Rs 7.5 lakh These employees would like Income Tax ceiling for salaried class to be raised to Rs 7.5 lakh

The All India Bank Employees' Association( AIBEA) has called upon Finance Minister Arun Jaitley to hike the ceiling on Income Tax for salaried persons to Rs 7.5 lakh with exclusion of fringe benefits like housing, medical and educational facilities.

1 taxpayer owes 11% of India's individual income tax in 2014-15 1 taxpayer owes 11% of India's individual income tax in 2014-15

An unnamed taxpayer owed the government Rs 21,870 crore (over $3 billion) for the assessment year 2014-15, which was 11 percent of they income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax Department.

Major changes in tax structure likely in Budget 2017: Report Major changes in tax structure likely in Budget 2017: Report

The much-awaited Union Budget for 2017-18 is expected to bring in some major changes to the tax framework for individuals and corporates following the demonetisation measure, a rating agency said on Monday.

UIDAI registration for all Aadhaar authentication devices soon UIDAI registration for all Aadhaar authentication devices soon

UIDAI is expected to make it compulsory, in next 4-5 months, for all biometric devices using Aadhaar authentication to embed Aadhaar encryption key into the device at the time of manufacturing.

Government mulls regulator for fledgling electronic payment system in India Government mulls regulator for fledgling electronic payment system in India

With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.

7th Pay Commission: Central govt employees expect Committee on Allowances report in February 7th Pay Commission: Central govt employees expect Committee on Allowances report in February

After repeated rumours and statements on when and what the Committee of Allowances under Finance Secretary will roll out for central government employees, there is more news to fire the expectations of government employees.

Demonetisation: Jamia Co-operative bank under I-T scanner over suspicious activity Demonetisation: Jamia Co-operative bank under I-T scanner over suspicious activity

The account books of Jamia Co-operative bank is being verified by the I-T department.

Rail fares, eating out, mobile bills likely to get more expensive from April 1 Rail fares, eating out, mobile bills likely to get more expensive from April 1

Whatever good or bad news the Budget 2016-17 may roll out for common man, but what seems likely that service tax rate will move north  from the existing 15 percent( inclusive of Krishi Cess and Swach Bharat Cess).

Now purchase mutual funds through FreeCharge Now purchase mutual funds through FreeCharge

FreeCharge on Friday announced the launch of Mutual Funds on its platform in partnership with Reliance Mutual Fund.