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CBDT introduces e-PAN, issues PAN within a day! CBDT introduces e-PAN, issues PAN within a day!

The Income Tax department on Tuesday said it has issued Permanent Account Number (PAN) within a day to 19,704 newly incorporated companies till March 31, 2017.

Picture of Rs 200 note goes viral; is this how the new currency will look? Picture of Rs 200 note goes viral; is this how the new currency will look?

The new currency note has some very interesting details like the security features, RBI seal and watermarks mentioning Rs 200.

Paying rent to kin for tax relief? Now, you will have to furnish proof of rent payment Paying rent to kin for tax relief? Now, you will have to furnish proof of rent payment

Tax payers cannot be granted exemptions on house rent allowances (HRA) against sham rent payments to their kins.

Settling EPF claims through mobile phone to be a reality soon Settling EPF claims through mobile phone to be a reality soon

Nearly four crore members of retirement fund body EPFO will soon be able to settle their claims like EPF withdrawal through mobile application UMANG.

 

7th Pay Commission: Committee on allowances to submit its final report this week 7th Pay Commission: Committee on allowances to submit its final report this week

A high-level committee headed by finance secretary Ashok Lavasa will submit its final report on payment of allowances to 47 lakh central government employees, to Finance Minister Arun Jaitley this week.

 

Income tax collection from Mumbai falls below target in FY17 Income tax collection from Mumbai falls below target in FY17

The Mumbai income tax zone, which contributes a third of the nationwide direct tax collection, has missed the revenue mop-up target for FY17 by a whisker, a department official has said.

Now, link Aadhaar with PAN through ID proof scan, OTP Now, link Aadhaar with PAN through ID proof scan, OTP

Individuals struggling to link their Permanent Account Number with Aadhaar because of differently spelt names can now simply upload a scanned copy of PAN to get the work done.

Loans, card payments above Rs 2 lakh in cash to be shown in ITR Loans, card payments above Rs 2 lakh in cash to be shown in ITR

All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation will have to be disclosed in the new one-page Income Tax return form.

Conduct special audit of PF trusts: Panel to labour ministry Conduct special audit of PF trusts: Panel to labour ministry

A parliamentary panel has asked the labour ministry to conduct special inspection or audit of private EPF trusts that have been found to be investing their workers' retirement savings in own firms through mutual funds.

No deadline for introduction of Sharia banking in India: RBI No deadline for introduction of Sharia banking in India: RBI

No deadline has been set for introduction of Sharia or interest-free banking in India, the Reserve Bank of India (RBI) has said.

HDFC Bank launches its UPI on Chillr

Launch of HDFC Bank`s UPI on Chillr will benefit customers of 44 banks that will now be able to conduct digital transactions seamlessly using the Chillr app.

Banks get time till June 30 to obtain PAN from account holders Banks get time till June 30 to obtain PAN from account holders

The tax department had in January asked banks, post offices and cooperative banks to document PAN or declaration of Form 60 received from account holders and maintain all records for transactions under Rule 114B of I-T Act.

Know where you can get interest rate of above 8% on fixed deposits Know where you can get interest rate of above 8% on fixed deposits

Fixed deposits allow you to put in a lump sum for a pre-stipulated period of time and earn a fixed rate of interest on it.

Salary threshold may be hiked to Rs 25,000 for mandatory PF coverage Salary threshold may be hiked to Rs 25,000 for mandatory PF coverage

EPFO is likely to approve a proposal to hike wage ceiling for coverage under its social security schemes to Rs 25,000 per month from the existing Rs 15,000.

NEFT transfer to get quicker as RBI cuts clearance time

The Centres for Financial Literacy (CFL) will be set up under a common name and logo, Money-wise Centre for Financial Literacy.

RBI says still more scope for banks to cut lending rates RBI says still more scope for banks to cut lending rates

The Reserve Bank on Thursday said there is more scope for the banks to cut lending rates and also asked for a downward revision in the small savings rates administered by the government.

 

Debit card payments: RBI to soon issue final guidelines on MDR charges Debit card payments: RBI to soon issue final guidelines on MDR charges

Aimed at encouraging digital transactions, the Reserve Bank on Thursday said it will soon come out with final guidelines on MDR charges on debit card payments.

PAN card linkage with Aadhaar face teething trouble; know how initials, punctuations are making things difficult PAN card linkage with Aadhaar face teething trouble; know how initials, punctuations are making things difficult

There are still a few teething troubles that are facing the Aadhaar-PAN card linkage --Know how it affects you.

Ban on cash dealings not applicable for bank, post office withdrawals Ban on cash dealings not applicable for bank, post office withdrawals

Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.

PayU launches deferral payment facility 'LazyPay' in India PayU launches deferral payment facility 'LazyPay' in India

LazyPay appears as a payment option at the time of checkout on websites and apps integrating the product.