Finance Blogs
NCLAT had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of 13 companies to begin releasing payments. these companies have a total outstanding debt of Rs 16,372 crore. The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and BSR … Read More “NCLAT on IL&FS group so far.” »
The government has handed out the task of firming up modalities for faceless or anonymous verification, scrutiny and assessment. Faceless assessment or scrutiny would simply mean that-A taxpayer would not have to interact in person with a tax officer. And, A taxpayer would not have to interact in person with a tax officer. And, … Read More “Now Faceless Assessment” »
To make the return filing process easier for individuals, this year the tax department will be providing ITR-1 pre-filled with salary, FD-interest income and TDS details. These details will be pre-filled in ITR1 only for forms filed online. These fields are editable and you will be able to correct the figures auto-filled in case of … Read More “Pre-filled data in ITR 1” »
RBI has recently issued a notification mandating banks to accept coins and notes which after receiving frivolous complaints from customers. in effect, RBI has directed all branches of banks to accept coins of all denominations tendered at their counters for transactions. source
