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.
The new currency note has some very interesting details like the security features, RBI seal and watermarks mentioning Rs 200.
Tax payers cannot be granted exemptions on house rent allowances (HRA) against sham rent payments to their kins.
Nearly four crore members of retirement fund body EPFO will soon be able to settle their claims like EPF withdrawal through mobile application UMANG.
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.
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.
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.
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.
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 has been set for introduction of Sharia or interest-free banking in India, the Reserve Bank of India (RBI) has said.
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.
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.
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.
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.
The Centres for Financial Literacy (CFL) will be set up under a common name and logo, Money-wise Centre for Financial Literacy.
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.
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.
There are still a few teething troubles that are facing the Aadhaar-PAN card linkage --Know how it affects you.
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.