DBT enables linking of Aadhar card to bank accounts and other subsidised services availed by citizens, covering a slew of government schemes.
Panama Papers verdict: Pakistani anti-corruption body seeks bank details of Nawaz Sharif and his family members
Pakistan's top anti-corruption body has sought the details of bank accounts of ousted prime minister Nawaz Sharif and his family from the State Bank of Pakistan, according to a media report on Friday
Post-demonetisation, the department has taken a host of measures to increase tax base and the statement of financial transaction (SFT) report filed by banks shows widening of taxpayer base.
Home ministry asks 1,900 NGOs to validate bank account for foreign contributions or face penal action
The Union home ministry has warned over 1,900 NGOs of penal action for their failure to validate their foreign contribution designated bank accounts.
The tax department had on 31 August 2016 indefinitely extended the deadline for complying with self-certification norms
The tax department had in January asked banks, post offices and cooperative banks to document PAN or declaration of Form 60 received from account holders and maintain all records for transactions under Rule 114B of I-T Act.
Bank of Maharashtra has made Malangaon village in the state completely cashless by opening Aadhaar-linked bank accounts for its residents.
People with unaccounted cash can disclose it under PMGKY scheme by paying 50 percent tax and penalty before 31 March, 2017, said Revenue Secretary Hasmukh Adhia
Property enquiries, meanwhile, have slumped by 80 percent around the Indian capital since the cash crackdown, according to property portal 99acres
Demonetisation: SC soughts Centre's response on whether district cooperative banks can be allowed deposits in demonetised notes.
Keeping in mind that the law under which the 8 November notification was issued for demonetisation has been challenged, the bench proposed to frame legal questions and told Rohatgi that since a detailed and long hearing would be required, he should ponder over whether the matter can be referred to a five-judge constitution bench.
For most Indians, this pay day is going to be unlike any other. The reason being the cash crunch due to the demonetisation of Rs 500 and Rs 1,000 notes.
ICICI Bank will transform 100 villages in 100 days in effort to provide digital ecosystem in rural India
The financial institution has decided to convert all of the 100 villages into 'ICICI Digital Villages' which is in line with the bank's effort to arrange digital ecosystem across the country.
In case the disclosure is not made and the unaccounted money is detected by tax authorities, it will be charged with 60 per cent tax and a longer lock-in period
Although, the market is flooded with an array of debit and credit cards from numerous banks over the past few years that aids online transactions, the NPCI's United Payments Interface (UPI) is a easy to use app
This brewing scandal to dodge demonetisation policy is just the tip of 'rent an account' iceberg.
Many possessing Rs 500 and Rs 1,000 notes are unlikely to come forward and exchange or deposit the notes in bank accounts. Their situation was possibly exacerbated by the government's announcement that cash deposits above Rs 2,5 lakh threshold under the 50-day window could attract tax and a 200 percent penalty in case of income mismatch.
Tesco Bank, owned by Britain's biggest retailer Tesco, halted online transactions from all current accounts on Monday after money was stolen from 20,000 of them in the country's first such cyber heist.
Switzerland on Wednesday published for the first time a list of dormant bank accounts to give their owners' heirs a chance to come forward and claim the funds.
Here's a tip to get a little richer in 2016
The Gujarat High Court rejected the pleas of social activist Teesta Setalvad and her husband Javed Anand for defreezing their personal bank accounts.