QR code option may be must for shops

May 13, 2019

NEW DELHI: The government is looking to mandate a QR code-based payment option using UPI at all shops and establishments with consumers opting for this method of payment eligible for GST benefits along with shopkeepers. The measure is intended to promote digital payments as the preferred option. “We are looking at incentives for both, the shopkeeper or the restaurant owner as well as consumers,” an official told TOI. The move…

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High alert for coffee lovers! Know your limit

May 13, 2019

Washington: Drinking six or more cups of coffee a day can be harmful and increase the risk of heart ailment by up to 22 per cent, a recent study revealed. The study was published in the American Journal of Clinical Nutrition. In Australia, one in six people is affected by cardiovascular disease. It is a major cause of death with one person dying from the disease every 12 minutes. According…

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How To Report An Unauthorized Transaction With SBI?

May 13, 2019

There have been increasing cases of unauthorized banking transactions being reported by customers. It could happen to anyone irrespective of how careful one is with their usage of banking facilities online or offline. Banks have been trying to layer these transactions with multiple levels of protection like OTPs and PINs but fraudsters often come up with unique ways to skim through. The State Bank of India (SBI) being the largest…

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Things to Know About Income Tax Refund

May 13, 2019

Income tax refund! Sounds quite familiar, doesn’t it? Many of us would have received a refund from the income tax department in the past. So, when and how does one get a refund? Let us explore this in detail. Refund arises when taxes paid are higher than your actual tax liability (including interest). It could be in the form of advance tax, self-assessment tax, tax deducted at source, foreign tax…

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Soon, you could get PAN card in 4 hours

May 13, 2019

NEW DELHI: Now, you may get your PAN card in four hours with the tax department planning a string of reform measures such as pre-filled returns which would need to be endorsed by an assessee and faster processing of returns, a tax official said on Tuesday. Addressing an industry conference, Sushil Chandra, chairman of the Central Board of Direct Taxes (CBDT) said the department has taken recourse to technology and…

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Income Tax department warns of fake refund mails and messages

May 13, 2019

New Delhi: If you have been receiving income tax refund emails and messages, be careful because some of them might be fake! The income tax department is warning honest taxpayers about fake refund messages sent by fraudsters. In the past couple of years, fraudsters and scammers have been trying to use Phishing in order to scam people online. The I-T department in its warning asked the taxpayers to not respond…

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