Day: February 6, 2020

Budget 2020 Highlights: This is what you got from Sitharaman’s Bahi Khata

Finance Minister Niramala Sitharaman on Saturday introduced a new optional personal income tax system and announced multi-billion dollar farm, infra, and a healthcare package to revive growth in the country. Emphasising on capacity building and empowerment of marginalised…

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Vivad se Vishwas relief for taxpayers: No interest or penalty till March end; Read Details

The Direct Tax Vivad Se Vishwas Bill, 2020, tabled in the Lok Sabha on Wednesday seeks to cut down on nearly 4.8 lakh tax disputes involving an amount of Rs 9.32 lakh crore (up to November 30, 2019)…

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ITR filing for Assessment Year 2020-21: ITR-1, ITR-4 remains ‘Sahaj, Sugam’ for these taxpayers!

ITR-1, ITR-4 for AY 2020-21: Persons who jointly own a single house property can file their returns in ITR-1 or ITR-4 as applicable. This has become possible after the Finance Ministry took back a provision in its recent…

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Apple’s ‘CarKey’ lets you unlock and start your car with your iPhone

Apple wants you to use your iPhone to unlock your car. While the feature is not yet out, but it could be released sooner than expected. As discovered by 9to5Mac, references to a new ‘CarKey’ feature have been found in iOS 13.4…

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Rs 5000/Day Penalty for not Accepting RuPay Debit Card, UPI Payments

After announcing zero MDR charges for using RuPay and UPI, Govt. has now announced a steep fine of Rs 5000 per day, if any business doesn’t accept UPI and RuPay debit cards as mode of payments from customers….

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Taxpayer can still claim benefits under these sections

Finance Minister Nirmala Sitharaman in her second Budget presented on February 1, proposed a new tax regime that has lower tax slabs rates than the current slab rates. However, the new slab rates are optional and anyone opting…

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Paytm will not work until you delete these apps

Some apps take precautions and warn the user of possible fraud or spam before being used, and then there’s Paytm. The popular mobile-first payment service in India has blocked certain applications which could be used to commit fraud…

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