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Latest News:

smartphones

TV, AC to cost more; smartphones to be cheaper under GST

New Delhi: Aerated drinks and consumer durables like TV, AC, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper when the GST is implemented from July.

An analysis of the tax rates de... Read More

NEFT

Additional 11 NEFT batches for fund transfer to be introduced from July 10

The Reserve Bank will introduce new batches for settlement of payments through the National Electronic Funds Transfer (NEFT) from July 10 to ensure better service for customers... Read More

Insurance Broking

Insurance regulator opens online marketplace to register, sell insurance policies

New Delhi: Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online. The portal -- isnp.irda.gov.in -- is also open to intermediaries in insurance business, Irdai said in a circular.

L... Read More

Income Tax

Income Tax department launches ‘Operation Clean Money’-II, to probe 60,000 people

New Delhi: The Income Tax department will investigate over 60,000 individuals under the second phase of the 'Operation Clean Money' which was launched today with an aim to detect black money generation post demonetisation.

The Central Board of Direct... Read More

EPFO , Department of Disinvestment, Investment, ETF, Exchange Traded Funds

EPFO members to get loyalty-cum-life benefit of up to Rs 50,000

New Delhi: Retirement fund body EPFO's subscribers will get loyalty-cum-life benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20 years or more.

The benefit will also be provided in case of permanent disability e... Read More

ITR

Aadhaar mandatory for filing tax returns, PAN card from July 1

New Delhi: Quoting of Aadhaar has been made mandatory for filing income tax returns with effect from July 1, as introduced by the Finance Act, 2017, an official statement said on Wednesday.

Aadhaar will also be compulsory for making an application fo... Read More

post office

Ban on cash dealings not applicable for bank, PO withdrawals

New Delhi: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said today.

Through the Finance Act 2017, the government has banned cash transactio... Read More

Dearness Allowance

Centre hikes dearness allowance by 2 pc from Jan 1

New Delhi: The Centre today increased dearness allowance and dearness relief to 4 per cent from existing 2 per cent from January 1, 2017, benefiting 48.85 employees and 55.51 lakh pensioners.

"The Union Cabinet chaired by Prime Minister Narendra Modi... Read More

gas, cylinders,gas cylinders,costlier

Non-Subsidised LPG rates increased by Rs. 86 per cylinder, highest ever hike in history

New Delhi: The price of non-subsidised cooking gas (LPG) was hiked by a steep Rs. 86 per cylinder on Wednesday, reflecting international trends.

Non-subsidised LPG, bought by those who have either given up their subsidies or exhausted the quota of 12... Read More

cash_transactions

Banks to levy Rs 150 after four cash tansactions

New Delhi: Banks including HDFC Bank, ICICI Bank and Axis Bank today began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

The charges would apply to savings as well as s... Read More

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