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SC likely to pronounce verdict on linking Aadhaar with PAN for IT returns today
Fri, Jun 09, 2017
The Supreme Court (SC) is likely to pronounce its verdict on the petitions challenging constitutional validity of newly-inserted section in the Income Tax Act that makes linking of Aadhaar number with PAN mandatory for filing Income Tax (IT) returns on Friday.
MNP for banks if RBI has its way; will you gain from it?
Thu, Jun 01, 2017
Benefits of bank account portability would mean your account number would remain the same even if you change your bank. Banks, naturally, are not enthused by the idea but RBI is pushing for it.
One month left: Follow any of these steps to link your Aadhaar with PAN
Wed, May 31, 2017
PAN number is mandatory to file income tax returns. The rules state that from this year, a taxpayer must provide their Aadhaar number while filing ITR or else their PAN card will be invalidated for life.
ICICI Bank launches ''Money2India''; Here are its key features
Mon, May 29, 2017
ICICI Bank launched online money transfer service called ''Money2India'' for its NRIs customers.
India's macro-economic indicators improved in last three years: PM Narendra Modi
Tue, May 23, 2017
Fuelled by Aadhaar and Jan Dhan Yojana, India has improved upon all the macro-economic indicators over the last three years, Prime Minister Narendra Modi said on Tuesday.
TRAI recommends use of Aadhaar eKYC for internet, broadband connections
Wed, May 17, 2017
The telecom regulator has suggest that subscribers use Aadhaar-based eKYC varification for internet and broadband connections, the same as in mobile connections.
I-T department launches online facility to correct errors in PAN, Aadhaar
Sun, May 14, 2017
The Income Tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar document.
Don't want to quote Aadhaar for income tax filing? Govt says you must one of these four
Fri, May 12, 2017
Section 139AA of the Income-tax Act, 1961 as inserted by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form for filing of return of income and for making an application for allotment of Permanent Account Number with effect from July 1, 2017.
UIDAI now allows you to verify anyone's Aadhaar number
Mon, May 08, 2017
Unique Identification Authority of India (UIDAI) has activated a service on its website whereby anyone can verify details of any individual using their Aadhaar number. In a simple two step process, an individual can verify any number of Aadhaar numbers.
GST to help push India's growth above 8%: IMF
Sat, Apr 29, 2017
The IMF estimates of growth rate of various countries could suggest that India will overtake Germany in 2022 as the world's fourth-largest economy and may push Britain out of the top five largest economies.
PM Narendra Modi launches two schemes to reward BHIM App users
Fri, Apr 14, 2017
To reward BHIM App users, Prime minister Narendra Modi on Friday launched two new schemes namely BHIM Referral Bonus Scheme and BHIM Merchant Cashback Scheme on the occasion of 126th birth anniversary of Dr Babasaheb Ambedkar.
Here are the positives and pitfalls of the Motor Vehicle Bill passed in Lok Sabha
Tue, Apr 11, 2017
The provisions of the Bill talk about improved citizen centric services, reducing the number of accidents and several steps proposed to reduce the footfalls to regional transport offices (RTO).
Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form
Mon, Apr 10, 2017
Individuals will have to disclose all cash payments of over Rs 2 lakh made for paying loans and credit card bills during the 50-day period post demonetisation in the new Income Tax Return (ITR) form.
Only those eligible for Aadhaar need to quote it in ITR
Wed, Apr 05, 2017
As per the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, only a resident individual is entitled to obtain Aadhaar.
Government embarrassed as Rajya Sabha returns Finance bill with amendments (Roundup)
Thu, Mar 30, 2017
The Narendra Modi government on Wednesday faced embarrassment in the Rajya Sabha as five of the amendments moved by the opposition to the Finance Bill, 2017, were adopted by division before the bill was returned to the Lok Sabha.
Benefits of Aadhaar should not be undermined: Lavasa
Wed, Mar 29, 2017
Aadhaar -- a unique 12-digit number is assigned to about 99 per cent of adult Indian residents -- links some 84 government services and is used as an authenticating tool for giving pensions and money transfers.
Income Tax Department to launch simplified e-filing of ITR form from April 1
Wed, Mar 29, 2017
Income Tax Department will introduce simplified e-filing of Income Tax return form on April 1 this year which will do away with some columns while filing the the IT returns.
Aadhaar not mandatory for social schemes: Supreme Court
Mon, Mar 27, 2017
The Supreme Court on Monday said the unique identification number - Aadhaar card - cannot be made mandatory for availing benefits under social welfare schemes.
Will Aadhaar linkage solve India's income tax woes?
Wed, Mar 22, 2017
Historically, taxpayers have been extra cautious about the details that are sought. Back in April 2015 the government asked for details of travel and passport number. Bank balances were also requested. This led to adverse public opinion and ultimately these had to be rolled back. Consequently, one had to mention bank account numbers and IFSC code, providing passport number was made optional.
5 major telcos optimum for Indian market: Telecom Secretary
Sun, Feb 26, 2017
Telecom Secretary's comments assume significance as India -- the world's second largest mobile services market after China -- is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio.