The Aadhaar and net banking-based e-filing verification system for taxpayers to file the first appeal before a tax officer has been activated by Income Tax department.
Reserve Bank of India Governor Raghuram Rajan has requested people against fictitious e-mails in his or the RBIs name, demanding money, and asked the public not to fall victim to such frauds.
The cost of activation of a new mobile connection may come down to a virtual zero said the TRAI (Telecom Regulatory Authority of India) Chairman R.S. Sharma.
Interest rates to be cut down
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Banks will soon cut interest rates in view for the recent monetary policy easing by the Reserve Bank of India (RBI).
Bharti Airtel Ltd, Indias largest phone company, will spend Rs.3,500 crore to acquire fourth-generation (4G) spectrum from Aircel Ltd in Tamil Nadu (including Chennai).
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 36.71 per barrel (bbl) on 07.04.2016.
Now there is demand for platinum
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Platinum is another precious metal like gold but there is no big response for this metal. Despite this, Platinum has seen an excellent growth of 24 per cent,
Petroleum Minister Dharmendra Pradhan has said that he Centre will provide 1.5 crore gas connections to women members of Below Poverty Line (BPL) families during the current fiscal.
It has been ordered that online retailers dealing with food products or its business will have register under the Food Safety and Standards Act 2006 with the food regulator Food Safety and Standards Authority of India.
The Reserve Bank of India Governor, Mr. Raghuram Rajan commented that the circulation of money in the 5 states where general assembly elections are scheduled is expected to be around Rs. 60000 Crores.
The Reserve Bank of India has estimated that if the recommendations of 7th Wages Commission are implemented, inflation will increase by 1 percent to 1.5 percent.
The Finance Ministry said that it has decided that the currently existing system of physical pre-printed certificates for KVP and NSC shall stand discontinued w.e.f April 1, 2016.
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds.
The income-tax department launched a facility for e-filing income-tax returns for assessment year 2016-17 for a select category of entities and individuals.
Following the frequent theft of money meant to be deposited taken from the vehicles, the central government has come with the decision and in order to prevent this that no cash transactions should be taken after 8.00 PM.
Filing of Quarterly TDS/TCS Statements
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Due date for filing Quarterly TDS/TCS statement for Q4 of FY 2015-16 is as per table below. Do submit quarterly TDS/TCS statement on or before due date to avoid late filing fee under section 234E of Income Tax Act.
