Day: November 13, 2019

Aadhaar card holders may be fined ₹10,000 for making this mistake

NEW DELHI : For the convenience of taxpayers, the income tax department has now allowed Aadhaar card holders to use the 12-digit biometric id number in lieu of the Permanent Account Number (PAN). But be careful while quoting…

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Income tax department admits error in charging late ITR filing fee

NEW DELHI : The income tax department has admitted that there has been an inadvertent error while processing income tax returns (ITR) of partners of firms whose accounts are liable to be audited. The taxman has assured that…

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Limits set on updation of these Aadhaar details

Unique Identification Authority of India (UIDAI) has revised certain rules regarding updation of name, gender and date of birth in Aadhaar. Some details in Aadhaar can now be updated only a number of times. UIDAI has placed limits…

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RBI Orders All Banks to make NEFT Free

RBI has made two crucial announcements, which will positively impact digital transactions, across the nation. NEFT has been made free for all bank customers, and this has been ordered by RBI to all banks. On the other hand,…

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