Does the senior citizens savings scheme qualify for section 80C benefits? I am a retired government employee. In June 2017, I deposited Rs 15 lakh in the post office senior citizens saving scheme. Does it qualify under section 80C tax benefits? If so, do I need to save Rs 1.5 lakh as equity-linked savings scheme […]
Google payment app Tez will make payments as simple as cash Internet giant Google is forayed into the payment space in the country with the launch of a Google payment app Tez payment solution, called ‘Tez’ (fast). In the morning, Google released the app on the Android as well as the Apple App store. The […]
Government plans to make PAN the business Aadhaar for companies, NGOs After debating since the months, the government is now moving to make Permanent Account Number (PAN) the Aadhaar for business Aadhaar for companies as well as non-government organisations as it looks to close possible gaps for generation of black money. The ministry of corporate […]
Searches surveys under GST by Tax officials In its attempt to bring more companies under the goods and services tax (GST) umbrella, the tax department is planning to conduct Searches surveys under GST across the country.
Cash deposits before demonetization also on government checklist If you thought cash deposits made prior to November 8 last year — when the government announced its demonetization exercise will escape the eagle eye of the tax department, you would be mistaken.