Less tax for small traders if they accept digital payments: Jaitley

Government has announced tax benefits for small scale businessmen opting e-payments asserting that if a small trader makes digital payment, his presumptive income will be assessed at 6 per cent for filing of tax, against 8 percent for other traders having turnover below two crore rupees.Briefing med...

RBI to issue new Rs 500 note with inset letter in new series

The Reserve Bank of India, RBI will shortly issue 500 rupee banknotes in Mahatma Gandhi New series with the inset letter E having star mark in the number panel. The banknote will bear the signature of RBI Governor Dr Urjit R. Patel, year of printing 2016 and Swachh Bahrat Logo.In a statement, RBI sa...

Arun Jaitley holds pre-budget consultative meeting with banking sector

Finance Minister Arun Jaitley today said the current financial year is not a conventional year as many major reformative decisions have been taken during the year. He said the banking sector is the backbone of country's economy and stressed the need for out of box thinking about what the go...

Less tax for small traders if they accept digital payments: Jaitley

Government has announced tax benefits for small scale businessmen opting e-payments asserting that if a small trader makes digital payment, his presumptive income will be assessed at 6 per cent for filing of tax, against 8 percent for other traders having turnover below two crore rupees.Briefing med...

RBI to issue new Rs 500 note with inset letter in new series

The Reserve Bank of India, RBI will shortly issue 500 rupee banknotes in Mahatma Gandhi New series with the inset letter E having star mark in the number panel. The banknote will bear the signature of RBI Governor Dr Urjit R. Patel, year of printing 2016 and Swachh Bahrat Logo. In a statement, RBI s...

Less tax for small traders if they accept digital payments: Jaitley

Finance Minister Arun Jaitley has announced tax benefits for small scale businessmen who make e payments and said that 8 percent presumptive income will be assumed for traders below 2 Crore rupees for filing of tax.Briefing media in New Delhi this afternoon, Mr Jaitley said, said, government has mad...

Less tax for small traders if they accept digital payments: Jaitley

Finance Minister Arun Jaitley has said that small traders and businesses with a turnover of up to 2 crore rupees will pay less tax if they accept payments through banking and digital means.Speaking to reporters in New Delhi yesterday, he said, in 2016-17 budget, small traders and businessmen, with t...

Banks should accept deposits of pre-2005 currency notes: RBI

Currency scrap: ED seeks details from 100 co-op banks across country

The Enforcement Directorate (ED) has written to about 100 cooperative bank branches across the country seeking details about activities in their dormant accounts and other suspicious transactions as part of its anti-black money probe after demonstration.ED officials said in New Delhi that the detail...

RBI Governor to brief Parliamentary panel on demonetisation

Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Thursday, this has been said in a schedule posted on the Parliament website. Since banning of old 500 and 1000 rupee notes on the 8th of last month, the Government h...