PMVVY: Investment Limit Under Senior Citizen Pension Scheme Doubled, To Offer Rs 10,000 Per Month

May 3, 2018

The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, today approved the doubling of investment limit in Pradhan Mantri Vaya Vandan Yojana (PMVVY) to Rs 15 lakh, from the current level of Rs 7.5 lakh. This will help senior citizens earn a pension of up to Rs 10,000 per month. The Cabinet also approved the time period for subscription of this scheme to March 31, 2020, from…

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Using Aadhaar-PAN linking, I-T department tracks high-value transactions worth Rs 33,000 crore

May 3, 2018

New Delhi: At least Rs 33,000 crore worth dodgy, high-value transactions have been tracked by the Income Tax (I-T) Department due to the Aadhaar-PAN linking mandate, reported The Times of India. The report, based on information provided by I-T sources, suggested that the aforementioned transactions by certain individuals would not have come to light if it weren’t for the linking mandate. All these individuals would now face action if the…

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You can buy Aadhaar enrolment kits online!

May 3, 2018

HYDERABAD: Several agencies and individuals have been selling ‘Aadhaar PVC card printing software’ online, in a possible threat to data security. This, despite the Unique Identification Authority of India (UIDAI) saying that plastic and PVC printing of Aadhaar cards is unnecessary. The biometric devices, referred to as ‘Aadhaar enrolment kits’ are being sold online on ecommerce websites and by companies based in Delhi, Mumbai and other cities. Security researchers say…

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Income Tax Warning: Don’t want to be labelled a tax evader? Follow these 8 tips carefully

May 3, 2018

You must be aware that the Income Tax Department has recently issued a cautionary advisory to the salaried taxpayers that those suppressing information while filing their income tax returns (ITRs) will be penalised, followed by prosecution as well. One of its reasons being that lots of taxpayers increase their deductions or exemptions or reduce their taxable income while filing their ITRs in order to reduce their tax liability. Whatever be…

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The Internet Is Obsessing Over Deepika Padukone’s ‘RK’ Tattoo In These Workout Pics

May 3, 2018

Actress Deepika Padukone is no doubt a fitness freak and always goes the extra mile to set fitness goals. But on Wednesday, as certain work-out pictures of the actress went viral, she was not really trending for her rigorous work-out regime but instead for the tattoo on the back of her neck, which is clearly visible in the photos. Deepika’s Manhattan based gym instructor had recently posted two pictures of…

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You might soon be charged for ATM transactions, debit-cards, chequebooks

May 3, 2018

The tax department has reportedly asked top banks to pay tax on services offered for free to customers who maintain a fixed minimum balance. These services include ATM transactions, issuance of chequebooks and debit cards, and refund of fuel surcharge, among others. But ET reports the additional burden is likely to be passed on to customers, who might soon be charged for such services. DGGST has sought tax on services…

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