Section 269SU – Mandates to provide Digital Payment Facility Section 269SU Mandatory Requirement to Provide Digital Payment Facility by Certain Class of Persons Notification No. 105/2019-Income Tax dated 30th December 2019 We are moving towards Cashless economy and government has done a lot to remove black money circulation from our system. Cashless economy is the […]
Cashback on shopping could be taxable! In festive season, Cash backs offered by e-shopping websites to attract customers. But this year, Mr. Sharma is a little hesitant in buying anything from these websites. Last year, he bought a smartphone, laptop, refrigerator, AC, and TV for his new house from one of the e-commerce websites. He […]
How To Buy Bitcoin Cash on Coin Switch Cryptocurrencies are soon set to take the fiat currencies by storm with its increasing value and trust. Bitcoin has been the eye candy when it comes to the world of cryptocurrencies. The success of the same cannot do away without the speculations and fluctuations of its prices. […]
Notices to 10,000 depositors post demonetisation The revenue department has issued preliminary notices to about 10,000 people under the benami law seeking source of income details as it analyses data on deposits of cancelled notes after the November 2016 demonetisation.
Google now limits third-party app access to users’ data E-commerce companies, financial technology platforms and other startups received a rude shock from Google’s decision to limit the degree to which mobile app can access users’ data logs and texts, ending an era of a barrier less ecosystem for developers.
Benami Transaction and Sham Transactions Prohibition of Benami Property Transactions Act, 1988, an act promulgated to prevent and prohibit “Benami” transactions in India on 5th September, 1988. The Act, 1988 has only 9 Sections and not so effective, while preventing and prohibiting “Benami” Transactions. The Act, 1988 previously called The Benami Transactions (Prohibition) Act, 1988.
12 ways to avoid paying more for bank services The country’s top banks could end up paying thousands of crores in tax for the free bank services provided to customers over the past five years. If the tax department’s demand is upheld, customers may be charged for many services in future.