1. Form 16 is a certificate issued by an employer, certifying that the TDS is deducted from the salary of the employee and deposited with the government. 2. The form’s Part A contains employer’s TAN, PAN of employer and employee, address, assessment year, employment period and summary of TDS deposited with government. 3. The Part […]
The government has notified the income tax return (ITR) forms for FY 2018-19. This means that you can now start collecting the documents need to file your ITR for FY 2018-19. Although you have till July 31, 2019 to file your return, keeping the required documents handy in advance will make the process easier. Here […]
NEW DELHI: Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department plans to introduce faceless scrutiny of refunds and faster claim settlement, an official said. Under GST, every person making a claim of refund on account of ‘zero-rated’ supplies […]
The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance. It will also include segregated information regarding deductions under various tax saving schemes, investments in tax savings instruments, different allowances received by […]
In the absence of an Aadhaar-based registration process, KYC verification is done through the bank account linked to your PAN. 1. Keep these documents scanned and ready PAN card* Driving license, passport or voter ID to be used as address proof Cancelled cheque of an active bank account. Netbanking facility should be available for the […]
If you were celebrating the prospects of higher pension from the Employees Provident Fund Organisation (EPFO) after the Kerala High Court ruling, here’s some bad news. The EPFO is reportedly planning to challenge the high court order in the Supreme Court. Under the existing rules, a person covered by the Employees’ Pension Scheme of the […]
By Uma Shashikant We mostly struggle with regret. In personal finance, we make several decisions about earning, saving and investing. Assuming 30 years of working and 20 years of retired life, we make money decisions for 50 years or more. What is the chance that we get it right always? We are all prone to […]
MUMBAI: Engineering major L&T’s software arm LTI will be hiring around 3,800 freshers this fiscal as it expects the business to grow at a faster clip, a top official has said. The company is working at a very high utilisation level now and wants to hire more to get down the level, chief executive Sanjay […]
The US plans to hike the H-1B visa application fee to increase funding for the expansion of an apprentice programme, Labour Secretary Alexander Acosta has told American lawmakers, a move that would impose additional financial burden on Indian IT companies. Testifying before a Congressional committee on the annual budget of the Department of Labor for […]
NEW YORK: Amazon launched its high-tech Go convenience store a year ago, where shoppers can pull items off the shelf and walk out. Now it’s adding a decidedly low-tech feature: accepting cash. Its new store opening in New York City Tuesday will be the first Amazon Go store to do so. At its other shops, […]
The Amazon Summer Sale enters its last day on Tuesday and continues to offer attractive discounts on plenty of best-selling products in various categories- smartphones, electronics, home appliances, fashion, furniture, home and kitchen, among others. With less than 24 hours left before the sale ends, here are some exciting last-minute deals you should check out. […]