Deadline for claiming transitional credit extended, April-June GSTR-1 dates notified

March 30, 2018

NEW DELHI: The government has extended the date for filling up a form for claiming transitional credit by three months till June 30. Also, the Central Board of Excise and Customs (CBEC) has notified the deadline for businesses to fill up final sales return form GSTR-1 from April to June. The CBEC has notified the extension of date till June 30 for submitting Form GST Tran-2. It is a transitional…

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Your Aadhaar details are leaked by government websites, too

March 30, 2018

As pointed out by Moneylife, and contrary to all claims from the Unique Identification Authority of India (UIDAI) and Ravi Shankar Prasad, Minister for Electronics and Information Technology, Aadhaar number of several people continue to leak on the internet from government websites. In fact, even the website of Ministry of Electronics and Information Technology (MeitY) uploads PDF files containing copy of Aadhaar from people. This flood of leakages raise serious questions…

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New Rule: No parking fee for 30 mins from April across Telangana

March 30, 2018

Hyderabad: In a major development, the municipal administration and urban development (MA&UD) on Tuesday said that no parking fee will be collected from any person for the first 30 minutes of parking. Municipal administration principal secretary Arvind Kumar who stipulated rules for parking fees across the state, said that the new rule will come into effect from April 1. Moreover, according to the GO MS No. 63, while parking is…

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Warner apologises for ‘stain on the game’

March 29, 2018

In his first public statement since the ball-tampering scandal occurred, David Warner has apologised for the part he played in bringing cricket to disrepute. “To cricket fans in Australia and all over the world: I am currently on my way to Sydney. Mistakes have been made which have damaged cricket. I apologise for my part and take responsibility for it. I understand the distress this has caused to the sport…

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IPL Opening Ceremony: Ranveer, Varun and Jacqueline Among Stars to Perform

March 29, 2018

Kolkata: The IPL opening ceremony has over the years been one of the most spectacular extravaganzas where cricket meets entertainment and it will be no different this year either as the likes of Ranveer Singh, Varun Dhawan, Jacqueline Fernandez and Parineeti Chopra will enthrall the fans with their performance in the 45-minute show that has been planned at the Wankhede Stadium prior to the start of the opening game between…

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Indian government issues notice to Facebook on data leak, seeks…

March 29, 2018

The Ministry of Electronics & Information Technology (MEITy) has sent out a notice to Facebook, seeking whether the personal data of Indian voters and users has been compromised by data mining firm Cambridge Analytica. The Ministry has asked the social media giant to specify whether the data has been used to manipulate the Indian electoral process. Facebook has to respond to the notice by April 7, 2018 The Ministry seeks…

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SBI Offers Rs. 2 lakh Accident, Insurance Cover For Less Than Re 1 A Day

March 29, 2018

State Bank of India (SBI) offers, inter alia, two insurance policy schemes that charge a paltry amount of insurance premium, and offer a reasonably good insurance cover of Rs. 2 lakh. Known as Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Bima Yojana, the policies offer accident cover and term insurance plan, respectively. The former charges a premium of Rs. 12 per annum, while the latter charges Rs. 330…

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How to E-Verify Your Income Tax Return

March 28, 2018

After you have successfully filed your income tax return, the next step is to verify it. The Income Tax Department starts processing your return when it is verified. Refunds, if any, are processed for returns which have been submitted and verified. ClearTax recommends you verify your return via netbanking. It is the easiest and the fastest way to verify your tax return. After your return has been successfully e-verified via…

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Hurry! Last 4 Days Left To File Belated Or Revised Income Tax Return

March 28, 2018

Only four days are left to file belated income tax (IT) returns for assessment years 2016-17 and 2017-18 as well as for revised income tax returns for assessment year 2016-17. Thus, income tax offices will remain open from March 29-31 to help taxpayers file their income tax returns despite the period being a long weekend on account of Mahavir Jayanti (March 29-Thursday), Good Friday (March 30- Friday) and Saturday (March…

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Rajinikanth’s Kaala in trouble due to ongoing TPFC strike

March 28, 2018

The ongoing strike of the Tamil film industry, spearheaded by the Tamil Film Producers’ Council (TFPC) is posing challenges to the producers of Kaala, starring Superstar Rajinikanth, to secure the clearance certificate from the censor board for its theatrical release. The producers’ council has to provide a No Objection Certificate (NOC) to the makers of Kaala to enable them to go ahead with the censor board formalities. However, the association…

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India tax department freezes certain Cognizant bank accounts

March 28, 2018

India’s Income Tax department has frozen Cognizant Technology Solutions Corp’s (CTSH.O) bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday. A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings. Cognizant failed to pay the tax of more than 25…

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I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31

March 28, 2018

NEW DELHI: Income Tax (I-T) offices and Ayakar Seva Kendras (ASKs) will remain open during holidays from March 29- 31 to facilitate taxpayers in filing returns before the end of the financial year 2017-18. The last date for filing belated returns for Assessment Years 2016-17 and 2017-18 and revised returns for Assessment Year 2016-17 is March 31, 2018. “To facilitate filing of Income Tax returns and completion of associated work,…

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