New Delhi: With the Supreme Court verdict disallowing third-parties including banks from authenticating customers with Aadhaar, the country’s financial organisation are expected to keep it as an optional OVD or official valid document for opening a bank account. It may be noted that over the past few years, banks had started authenticating customers with Aadhaar number but the top court’s judgement changes everything. While fintech companies have openly expressed dissatisfaction…
Bad news for families using HUFs to save tax, this effective tool may be gone soon
India is a country known for its roots imbedded in the culture of its society. Thus, the Indian law had established and recognised the concept of Hindu Undivided Family (HUF) wherein the skills, effort and resources are pooled in by family members for common benefit. Under the Indian Income Tax Act, 1961 also, HUF has been identified distinctly from the family members as a ‘person’ and its income is taxed…
Fees refund matter: Warning! From Modi govt to higher educational institutions – Strict action
The Ministry of Human Resource Development has warned higher educational institutions of strict action if they do not return the fees of those withdrawing admissions. Institutions are bound to return fees and original documents of students in case a candidate opts to withdraw the admission, according to the norms of the University Grants Commission (UGC) and the All India Council for Technical Education (AICTE). “Any institution not returning fees in…
ATM Cash Limit: Here’s How Much You Can Withdraw From Your Account
Most banks today have certain limits on ATM cash withdrawal in place for their customers. These cash withdrawal limits vary from bank to bank, and depend upon factors such as type of account and type of card. For example, PSU lender State Bank of India (SBI) recently halved the daily withdrawal limit applicable to ATM transactions through its classic debit card, according to news agency Press Trust of India. Another state-run…
Now, govt pushes offline tools to verify Aadhaar
NEW DELHI: In an effort to address fears over surveillance, breach of privacy and data farming, the Centre is promoting offline verification tools for Aadhaar such as QR codes and a paperless KYC that will not require sharing of biometrics or involve UIDAI servers for authentication. The KYC process will not even need users to reveal their Aadhaar numbers, the collection of which has often been subject to controversies over…
Police allow protesting farmers to enter Delhi
NEW DELHI: Delhi Police removed barricades post-midnight to allow the farmers stopped during the Kisan Kranti Padyatra to enter Delhi and proceed towards Kisan Ghat, said a senior police officer. The farmers entered the national capital riding their tractors and trolleys and proceeded towards Kisan Ghat where heavy police deployment has been made, he added. Thousands of farmers on Tuesday marched towards Delhi over demands ranging from farm loan waiver…
Income Tax Department Extends Deadline For Filing Return, Audit Report
New Delhi: The government Monday extended by a fortnight till October 15 the deadline for filing Income Tax Return (ITR) and audit report for financial year 2017-18. The Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited. “The CBDT extends the ‘due date’ for filing of ITRs as well as…
Sridevi’s death not an accident, it’s a planned murder, says Ex-Cop
The world was shocked when legendary actress Sridevi was found unresponsive in a bathtub of a hotel in Dubai in February and consequently declared dead. After the investigation concluded, authorities claimed that the actress had died due to accidental drowning on 24 February 2018. However, there were also speculations and conspiracy theories that the English Vinglishactress’s death was a planned murder and not an accident. Most of those theories were put to…
Jio TV, Jio Music, other Jio apps could charge for content but Reliance may face challenges, says report
Reliance Jio kicked off a new segment of telecom subscribers that have grown to rely heavily on the apps that provide them free access as a part of the data recharge. The Jio apps such as Jio TV, Jio Music, Jio Cinema, and Jio Mags are offered to the Jio customers, basically, free of cost. However, a new report suggests that Reliance Jio could face a set of challenges if…
Big new change: Online Application for Driving license, learners licence, vehicle RC as RTOs go online today
Starting today, October 1st all Regional Transport Offices (RTOs) in Delhi will go online on the internet and will further enable the works at the RTOs including applying for a driving license, learners license and even vehicle’s registration certificate (RC) to also be online. This will further reduce the long waiting hours at the RTOs and will also make the entire process simpler and efficient. Other states including Maharashtra, Tamil…
Bad news! SBI slashes ATM cash withdrawal limit of some debit cards; Here’s all you need to know
Are you an SBI customer? And looking to withdraw more cash during the upcoming festive season? Here’s some bad news for you. Your bank, ie. the State Bank of India, has decided to reduce the daily cash withdrawal limit of some of its debit cards from Rs 40,000 to Rs 20,000 from the end of this month. As per the bank, this has been done keeping in view the growing…
No more free? Jio TV, Jio Music, other Jio apps could soon charge you for content: What Reliance is planning
Reliance Jio kicked off a new segment of telecom subscribers that have grown to rely heavily on the apps that provide them free access as a part of the data recharge. The Jio apps such as Jio TV, Jio Music, Jio Cinema, and Jio Mags are offered to the Jio customers, basically, free of cost. However, a new report suggests that Reliance Jio could be mulling to introduce the freemium…