Government makes PAN mandatory for sending money abroad. Know why

June 7, 2018

New Delhi: The government has made Permanent Account Number (PAN) cards mandatory for sending money abroad for purposes of kids education or to buy shares in a foreign market, reported The Economic Times. The new rule will also help the government prevent individuals from sending unaccounted money in what seems to be a move to ensure that money transferred to a foreign country fulfils the tax criteria. The move comes…

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SBI says husband can’t use wife’s debit card, court agrees

June 7, 2018

BENGALURU: A casual act of letting your spouse or a close relative/friend withdraw money from an ATM using your debit card could prove costly. This is what a Benglauru woman on maternity leave recently learnt, albeit the hard way. Banking rules categorically state that an ATM card is non-transferable and no other person apart from the account holder should use it. On November 14, 2013, Marathahalli resident Vandana gave her…

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‘No big changes’ in H-1B visa, nothing new on H-4 Rules: US

June 7, 2018

NEW DELHI: There have been “no big changes” in the H-1B programme and “nothing new” on the H-4 visa policy, the United States has said, amid the Trump administration’s plan to overhaul the immigration system. US Deputy Chief of Mission (DCM) in Delhi, MaryKay L Carlson said on Wednesday that granting employment visa and work permits is the sovereign decision of a country. The US Mission observed ‘Student Visa Day’,…

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Xiaomi Redmi Y2, MIUI 10 launch in India at 3 pm today

June 7, 2018

Xiaomi is expected to unveil the Redmi Y2, the likely successor to the Redmi Y1 in India today. Xiaomi MIUI 10 software will also be revealed, and the company will likely announce a list and timeline for the rollout of the new MIUI operating system. MIUI is Xiaomi’s own user interface, which powers its phones. It should be noted that Redmi Y2 from Xiaomi will be a rebranded version of…

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BSNL Monthly Broadband Plans With 20Mbps Speeds Now Start at Rs. 99

June 7, 2018

State-owned Bharat Sanchar Nigam Limited (BSNL) is said to have introduced four new broadband plans that offer daily data limit, and a speed of up to 20Mbps. These plans have reportedly been launched on a promotional basis, and are only applicable for new users, as BSNL has launched these as starter packs to lure new subscribers. These non-FTTH BSNL plans start at Rs. 99 and go all the way up…

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What to do if your TDS is not deposited with the government

June 7, 2018

Tax deducted at source (TDS) from your salary or any other income must be deposited with the government within a certain specified time period. However, a recent scam of Rs 3,200 crore unearthed by the income tax department has highlighted the problems faced by many individuals and employees. As it may happen, your employer may have deducted the tax from your salary but has failed to deposit the same against…

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