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. […]
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 […]
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, […]
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 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 […]
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 […]
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 […]
You are eligible to receive income tax refund if you have paid more tax to the government than your actual tax liability. This usually happens when the advance tax, self-assessment tax paid or TDS deducted of the taxpayer is higher than the total tax liability of a taxpayer. If the tax department determines, after processing […]
BSNL may have been in the news for all the wrong reasons lately but commercially, the state-owned operator has been at its competitive best in a bid to have higher ground over its rivals. Whether prepaid plans or benefits with regards to data, BSNL has been playing its A-game to try to win back customers […]
The Supreme Court on Monday rejected a PIL seeking to link all social media accounts to Aadhaar to stop fake, troll accounts from overpowering social media platforms. The court has said all matters need not come to the apex court. While hearing a PIL on social media accounts, the Supreme Court said, Everything doesn’t need […]
New Delhi: The Employees’ Provident Fund Organisation (EPFO) has started the process of crediting interest to provident fund (PF) accounts. It may be noted that the government has recently approved and notified an interest of 8.65 per cent for employees provident fund (EPF) for the financial year 2018-19. The employee and the employer contribute an […]
New Delhi: The Employees’ Provident Fund Organisation has supported a labour ministry proposal to allow its subscribers switch to the National Pension System but said the move needs to be backed by suitable amendments to the Pension Fund Regulatory and Development Authority Act. The retirement fund body wants the PFRDA act to be amended to […]