I-T dept revises format of TDS certificate issued by employers

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 […]

How to open an NPS account online without Aadhaar

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 […]

EPFO may move Supreme Court against high pension

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 […]

5 lessons to learn from your financial mistakes

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 […]

LTI to hire 3,800 freshers as it sees order-book swelling this year

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 […]

US to propose hike in H-1B application fee: Labour Secretary

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 […]

Amazon to open first Go store that accepts cash

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, […]

Amazon Summer Sale: Check out some last-minute deals

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. […]

Google Pay launches gold buying, partners MMTC-PAMP India

New Delhi: Tech giant Google Thursday said it has partnered with bullion refiner MMTC-PAMP India to allow Google Pay users to buy and sell gold through the app, a service that is already offered by the likes of Paytm, Mobikwik and PhonePe. Through this partnership with India’s only LBMA accredited gold refinery, Google Pay users […]

Your smart home devices could get you hacked

A few years ago, a major part of the internet on the United States’ eastern coast faced blackout following the biggest cyberattack in the history of the internet. The reason was Mirai malware which initiated the IoT botnet attack that affected many websites including, Netflix, Amazon, Twitter, New York Times, Spotify, CNN, and PayPal. After […]

How new H-1B visa reforms will trouble IT firms

For a lot of IT firms, the H-1B visa program has been a worthy source for talent. This program gives 85,000 visas to foreign workers every year, based on a lottery system. However, this system has been facing controversy, many believe that due to these visas, jobs of American workers are replaced by foreigners. Also, […]

E-invoicing may begin under GST

NEW DELHI: In what could radically transform the indirect tax administration system and the way business is conducted, India is looking at the possibility of introducing electronic invoicing under goods and services tax. If the country adopts the system, businesses will likely have to issue invoices, or bills, directly via the GST Network, and the […]

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