CAclubindia News
Two factor authentication removed by RBI for transaction lower than Rs 2000
07 December 2016 at 10:37Card Not Present transactions � Relaxation in Additional Factor of Authentication for payments upto ₹2000/- for card network provided authentication solutionsRBI/2016-17/172DPSS.CO.PDNo.1431/02.14.003/2016-17December 6, 2016The Chairman and Man
Govt directs banks to install more than one million new POS terminal by March 2017
07 December 2016 at 10:37In order to facilitate the move towards cashless transactions, the Government has directed the banks to install an additional one million new PoS terminals by 31st March 2017;. 2,73,919 camps organized to open banks accounts for unorganized labour in
Rs 2000 crore of undisclosed inc admitted by taxpayers since demonetisation
07 December 2016 at 10:37Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016; More than Rs. 130 crore in cash and jewellery seized and approximately Rs. 2,0
BRICS countries expresses commitment to ensure fairness of the International Tax System
06 December 2016 at 17:23Joint Communiqué issued at the end of the two day Meeting of the BRICS Heads of Revenue and Experts on Tax Matters at Mumbai today; Heads of Revenue express their continued support to all international initiatives towards reaching a globally f
Payment above Rs 5000 by govt to be made digitally
06 December 2016 at 10:38Any Payment above Rs.5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment to attain the goal of complete digitization of Government payments. In order to attain the goal of comple
Govt asks employees to use debit card for personal transaction
06 December 2016 at 10:38Government of India takes policy decisions to encourage cashless/electronic transactions; Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash In the recent years, adva
IT dept rejects Rs 2 lakh crore IDS declaration by a family from Mumbai
05 December 2016 at 11:33Verification of High Value Suspicious Declarations made under the IDS 2016 An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or assetcould be made by agreeing to pay forty five
RBI to release new notes for Rs 20 and Rs 50 soon
05 December 2016 at 10:47Issue of Rs. 20 banknotes with the inset letter 'L', with numerals in ascending size in number panels and without intaglio printingThe Reserve Bank of India will shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi Series-2005, w
New facility for online request of duplicate mark sheet for CA exam
05 December 2016 at 10:47Introduction of the facility of on-line submission of requests for issue of duplicate mark sheets/pass certificates. An on-line facility for submission of requests for issue of duplicate mark sheets/pass certificates has been put in place at http://i
Tax Investigations unearth misuse of Jan Dhan Accounts
05 December 2016 at 10:47Tax Investigations unearth mis-use of Jan-Dhan Accounts; Account holders once again urged by CBDT not to consent to any kind of mis-use of their accounts which would expose them to the dangers of being held responsible for the tax evasion by unscrupu
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