RuPay Card Transactions are increasing but not yet that satisfactory

Though under Jan Dhan Scheme of opening Bank Accounts and providing cheap plastic cards to masses, crores of RuPay cards were distributed, it is...

How to verify cash transaction post demonetisation with Income Tax Authorities

After demonetisation people rushed to deposit their underlying cash. They deposited their scrapped currency notes in their Bank Accounts. Government Agencies haven't yet released...

Government planning to levy penalty for old currency holders post December 30

As per fresh reports from PTI, Government is planning to penalize holders of old currency notes post December 30. As per the notification from...

Mandatory Linking of Aadhaar and Exemptions from Income Tax Department

With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail consequences. Most immediate impact...

Income Tax Rate for FY 2017-18 or AY 2018-19

There are many changes in Tax rate. One of the biggest change is that now tax rate for slab of ₹ 2,50,000 – 5,00,000...