Digital payment promotion gets a boost More than 3.81 lakh consumers and 21,000 merchants win prizes worth Rs.60.90 crore at Digi-Dhan Melas The Government’s efforts to give a boost to the digital payment systems and the cashless economy, post-demonetization have generated enthusiastic response from the people. People from different age groups, occupations and different … [Read more...] about Digital payment promotion gets a boost
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PIB
Cabinet approves the exclusion of States from the investments of National Small Savings Fund from 1.4.2016
Cabinet approves the exclusion of States from the investments of National Small Savings Fund from 1.4.2016 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to exclude State Governments States/UTs (with Legislature) except Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh from National Small Savings Fund (NSSF) investments from … [Read more...] about Cabinet approves the exclusion of States from the investments of National Small Savings Fund from 1.4.2016
PRESIDENT’S Greetings on the Eve of New Year
PRESIDENT'S Greetings on the Eve of New Year The President of India, Shri Pranab Mukherjee has greeted the nation on the eve of the New Year 2017. In a message the President has said: "On the occasion of New Year, I extend my warmest greetings and best wishes to all my countrymen in India and abroad. May the New Year bring progress and prosperity to our glorious … [Read more...] about PRESIDENT’S Greetings on the Eve of New Year
Reporting Cash Transactions under Rule 114E of Income Tax Rules, 1962
Reporting Cash Transactions under Rule 114E of Income Tax Rules, 1962 Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from 1st April, 2016. Any person who is liable for audit under section 44AB of the Income-Tax Act, 1961 is required to furnish a statement in respect of transaction at serial no. 11 of … [Read more...] about Reporting Cash Transactions under Rule 114E of Income Tax Rules, 1962
Government Clarification on Amendment to Payment of Wages Act
Government Clarification on Amendment to Payment of Wages Act It is seen from the media reports that there is a general impression that is being created that the Government is bringing an amendment to the Payment of Wages Act to make mandatory the payment of wages to the workers only through cheque or accounts transfers. This is not the correct position. It is clarified … [Read more...] about Government Clarification on Amendment to Payment of Wages Act
Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means
Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means Under the existing provisions of section 44AD of the Income-tax Act, 1961 (the Act), in case of certain assesses (i.e. an individual, HUF or a partnership firm other than LLP) carrying on any business … [Read more...] about Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means
Review of Ordnance Factories
Review of Ordnance Factories Performance of Ordnance Factories is being regularly reviewed by Ordnance Factory Board and the Ministry. Some of the major steps taken in this regard are as follows: Modernization of Ordnance Factories to keep pace with the latest technology and to maintain the production capacity in tandem with the requirement of Armed Forces. As compared to … [Read more...] about Review of Ordnance Factories
Aadhaar mandatory for pensioners
Press Information Bureau, Government of India Ministry of Personnel, Public Grievances & Pension 14-December, 2016 16:30 Aadhaar mandatory for pensioners There is, at present, no proposal to make Aadhaar seeding mandatory for release of pension to the Central Government pensioners. Eighty-seven percent of Central Government pensioners of all age categories have … [Read more...] about Aadhaar mandatory for pensioners
Incentivizing Digital Payments
Press Information Bureau Government of India NITI Aayog 10-December-2016 18:18 IST Incentivizing Digital Payments Government of India has initiated numerous steps to combat the scourge of Corruption and Black Money in the last two and a half years. Demonetization of 500 and 1000 Rs. notes is an important milestone in this endeavour. These large denomination currencies have … [Read more...] about Incentivizing Digital Payments
Insurance Scheme For Railway Passengers
Insurance Scheme For Railway Passengers An Optional Travel Insurance Scheme on a pilot basis for one year has been launched w.e.f 01.09.2016 for the Railway passengers who book e-ticket through official website of Indian Railway Catering & Tourism Corporation (IRCTC) at the premium of Rs. 0.92 per passenger. This insurance scheme provides financial support to the … [Read more...] about Insurance Scheme For Railway Passengers
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