Daily Archives: May 22, 2019

How to fill salary details in ITR-1 for FY 2018-19

ITR-1 is one of the most widely used forms by the salaried individuals to file their income tax return (ITR). The form is now available on the income tax department’s e-filing website. Therefore, you can easily file your ITR once your employer gives you Form-16 for FY 2018-19. Not only is ITR-1 different from last […]

RBI proposes mobile app to help visually impaired to identify currency notes

The Reserve Bank of India proposes to come out with a mobile application to aid visually impaired persons in identifying Indian currency notes. At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Government of India. Intaglio printing based […]

View: New government should hit the ground running on reforming the GST

The goods and services tax (GST) will require attention from the new government that comes in later this week. First, GST must improve its coverage. Today, real estate and electricity are outside its ambit. While the Centre and states have decided to delay bringing petroleum formally under GST, they have agreed to continue levying excise […]