Ration cards are used by many households to get the food grains and fuel at a subsidized rate. It also serves as a proof of identity and address like other documents such as passport and PAN cards. However, there have been instances where an individual obtains more than once ration card depriving other deserving people. […]
Once you’ve filed your income tax return (ITR) and have verified it, the Income Tax (I-T) Department starts processing your tax return. Refund, if any is due, is issued only after processing is complete. Normally after verification, the ‘status’ of your tax return would be ‘Successfully Verified’ or ‘Successfully e-Verified’. After processing is complete, the […]
By Sachin Vasudeva From September 1, 2019, an individual or HUF paying any sum to a contractor or a professional or commission or brokerage more than Rs 50 lakh in a financial year would be required to deduct tax at source (TDS) at the time of credit of such sum or at the time of […]
MUMBAI: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote more digital payment solutions and eliminate the plastic cards. This is despite the huge reliance on debit cards by customers of SBI which […]
PUNE: The US has moved a step closer to changing how the H-1B visa issuance process is carried out from next year that would impact Indian IT services firms. Last week, the Office of Management and Budget said it has completed a review of a proposed regulation from the Department of Homeland Security (DHS) that […]
New Delhi: Personal Account Number (PAN), the unique ten-digit alphanumeric ID issued by Income Tax Department, is the most important document which is needed at the time of filing the income tax returns and addressing the other tax assessment-related issues. The Income Tax Department conducts a third-party verification to verify the identity and address of […]