Seeking to send a stern message, the income tax (I-T) department has initiated a plan to take strident action against tax evaders. This is to
GST masterclass answers traders’ queries: Can L&T or D’Souza register?–Business Standard–07.07.2017
Prime Minister Narendra Modi described the goods and services tax (GST) as “the good and simple tax” but traders found it difficult to register for
Why some brokerages have turned positive on Punjab National Bank | Business Standard News–07.07.2017
A week after Nomura turned positive on Bank of Baroda (BoB), it is the turn of Punjab National Bank (PNB) to enjoy a rating upgrade
RBI Deputy Guv Viral Acharya suggests setting up public credit database | Business Standard News–07.07.2017
Reserve Bank of India (RBI) Deputy Governor Viral Acharya wants the central bank to set up a public credit registry (PCR), an extensive database of
Traders with turnover below Rs 20 lakh will have to register for GST: Adhia–Business Standard–07.07.2017
The traders supplying goods to other states will need to register under the Goods and Services Tax (GST) even if their turnover is below Rs
Govt may triple heirs’ liability for paying maintenance to seniors–Business Standard–07.07.2017
The Union government is planning to hike the maintenance amount payable to parents and senior citizens under the Maintenance and Welfare of Parents and Senior
Income tax returns made easy: Step-by-step guide to filling the 1-page form | Business Standard News–07.07.2017
The ITR 1 Sahaj form is a one-page simplified return form introduced by the government for salaried individuals to ease the filing process. Only salaried
ATM fraud prevention, mobile fraud prevention: Here’s how to keep your money safe – The Financial Express–07.07.2017
Fraudsters used advanced card skimmers to read debit and credit card data during usage, and later illegally withdrew money from the people’s accounts. Sample this:
Amazon bets on India, pumps in Rs 1,680 crore more in India unit – The Financial Express–Financial Express–07.07.2017
Amazon India is estimated to have already received over USD 2 billion in funding. (Reuters) Global giant Amazon has invested an additional Rs 1,680 crore
Bank NPAs crisis: Insolvency process can only get delayed if courts entertain appeals against RBI orders
On June 13, the central bank had identified a clutch of 12 accounts—this included Essar Steel—that were to be referred by banks to the NCLT,
Linking Aadhaar and PAN is not mandatory for all. Read who all are exempt–Economic Times–06.07.2017
Every person, who possesses both PAN and Aadhaar/Aadhaar Enrolment ID, should intimate the same to the Income Tax department. It has now become mandatory for
Don’t let states and lobbies abuse GST–Economic Times–06.07.2017
The ongoing protest by traders in the textile hub of Surat and Ahmedabad against the imposition of a 5% goods and services tax (GST) on
Giving NPAs a decent burial–Economic Times–06.07.2017
By Reshmi Khurana The government and regulators are paying urgent attention to India’s large and mounting non-performing assets (NPAs). Last month, the Securities and Exchange Board
Paul Krugman blames note-ban, RBI & strong Re for tepid growth–Business Standard–06.07.2017
Blaming the Modi government’s note-ban, hawkish monetary policy of RBI and a strong rupee for the tepid growth, Nobel winning economist Paul Krugman on Wednesday
IDFC to accelerate lending, plans to achieve vision of mass retail banking
IDFC Bank, which concluded first full year of operations in 2017, said its vision is to become a mass retail bank in five years. To
Act now to protect yourself against future attacks–Business Standard–06.07.2017
The WannaCry ransomware attack in May was followed by the Petya attack last week. This attack affected the Ukrainian government and large corporates such as
Investment in manufacturing key for India–Business Standard–06.07.2017
During his recent visit to the US, Prime Minister Narendra Modi met the chief executives of several American corporations, presumably to market India as an
GST facts: 6 important things every businessman and taxpayer should know–Financial Express–06.07.2017
The GST levy may potentially impact both manufacturing and services sector for the entire value chain of operations. Goods and Services Tax (GST) has been
Aadhaar Card and PAN Card linking: How NRIs will get impacted by government’s new rules–Financial Express–06.07.2017
Will the PAN card of an NRI get blocked if he/she doesn’t have an Aadhaar card? The government has made it mandatory to link the
Importing an export problem: India is becoming a high cost economy in agro-related items–Financial Express–06.07.2017
Data analysis of India’s seven select but vital agro-related items of exports reveals that there is a sharp slump—40% in their overall value—during last four
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