Monthly Archives: October 2019

PAN card: Full list of documents accepted as valid proof of address, identity, date of birth

New Delhi: The PAN card application process has been extremely streamlined with the institution of online systems following which individuals, as well as business entities, can apply for PAN cards via the Income Tax Department’s online portal. Individual applicants are required to provide proof of address, proof of identity and proof of date of birth. […]

No charges on digital payments made to large biz establishments from Nov 1

The government said banks or system providers will not impose charges or Merchant Discount Rate on customers as well as merchants on digital payments made to establishments having turnover in excess of Rs 50 crore from November 1. In her Budget speech, Finance Minister Nirmala Sitharaman had said business establishments with annual turnover of more […]

Future smartphones may come without buttons using ultrasonic touch technology

Phone manufacturers are in extreme competition to come up with handy specs and features in their latest smartphones. While some of them focus on the looks of a phone, others aim for better cameras. But one key feature in a phone which is worth spending money for, is the display. For an edge-to-edge viewing experience, […]

SBI recurring deposit (RD) investment: How calculate to maturity value

New Delhi: State Bank of India (SBI), the nation’s largest bank by asset size, offers the facility of recurring deposit (RD) with which individuals can begin monthly savings and earn interest over it. The interest in the recurring deposits is compounded on a quarterly basis. State Bank of India allows a minimum of Rs 100 […]

New GST return forms may force firms to change ERP systems

New Delhi: The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems. Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered dealers. “Besides, bill […]

How the proposed new Direct Tax Code could cut your income tax

By Team ET Wealth When the corporate tax rate was reduced to 25% last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers are hoping the government will gift them a similar tax relief. According to former Niti Aayog Chairman Arvind Panagariya, “there is a strong case for a similar […]

EPFO members may get option to draw pension after 60

The Employees’ Provident Fund Organisation (EPFO) may soon give members an option to start drawing their pension once they turn 60 instead of 58 currently. The proposal to increase the superannuation age for drawing pension under the scheme is expected to help a beneficiary grow his/her pension kitty, while also aiding the pension fund in […]

What type of Google activity is running in your mobile and you don’t know

There is a widespread concern among the users of smartphones namely Google is closely watching you through your mobile tracking and recording millions of conversations. In fact some experts claim that Google has made your phone into a listening device. If you will learn where to look for, you will see what Google is doing […]