I-T Department identifies 67.54 lakh potential non-filers for financial year 2014-15

I-T Department identifies 67.54 lakh potential non-filers for financial year 2014-15

Centre allows use of old notes for tax payments under PMGKY

The Centre has allowed use of old bank notes of 500 and 1,000 rupees for payment towards tax, surcharge, penalty and deposit under the Pradhan Mantri Garib Kalyan ? ?Yojana (PMGKY) till 30th of this month. Finance Ministry in a statement said, the Taxation and Investment Regime for PMGKY, 2016 has c...

Govt asks banks to waive transaction fee on IMPS, NEFT transfer of over Rs 1,000

Finance Ministry has asked Public Sector Banks to restrict fees on payments through Immediate Payment Service- IMPS and Unified Payments Interface -UPI to the extent that is applicable for NEFT fund transfer of over 1,000 rupees.IMPS is an interbank electronic instant mobile money transfer service t...

Income Tax Dept warns taxpayers against sharing user ID, password

The Income Tax Department has warned taxpayers against sharing their user ID and password with any unauthorised person, saying they too will be liable to face consequences for misuse of their confidential information. In an advisory to taxpayers, the department's TDS Centralised Processing ...

Govt asks banks to waives transaction fee on IMPS, NEFT transfer of over Rs 1,000

Finance Ministry has asked Public Sector Banks to restrict fees on payments through Immediate Payment Service- IMPS and Unified Payments Interface -UPI to the extent that is applicable for NEFT fund transfer of over 1,000 rupees.IMPS is an interbank electronic instant mobile money transfer service t...

TGB making efforts to create awareness on digital transaction post demonetisation

Kyrgyzstan invites investment from India

Describing Kyrgyzstan as a heaven for investments its President Almazbek Atambayev invited Indian businesses to invest in the country, saying it could serve as a gateway to the entire Central Asian region. Atambayev promised protection to those investing in Kyrgyzstan, observing that businesses in t...

Cabinet approves ordinance to amend Payment of Wages Act

Union Cabinet has approved an ordinance to amend the Payment of Wages Act for allowing business and industrial establishments to pay salaries through cheques or electronically in the bank accounts. Sources said, the employers will also have the option to pay wages in existing provisions of payment i...

RBI modifies circular on depositing over Rs 5000 in banks in old notes