-The Hindu Business Line Aadhaar mandatory for applying for PAN; filing IT returns New Delhi: India Inc can make donations to political parties without any fetters now that the amendments to the Finance Bill, passed in the Lok Sabha on Wednesday, have removed the existing cap of 7.5 per cent of their average net profits for last three financial years. The amendments include reduction to the limit for Cash Transactions to Rs. 2...
More »SEARCH RESULT
Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
-NDTV In his budget presented in February, Finance Minister Arun Jaitley had said Cash Transactions would be capped at three lakhs. The government wants to reduce the limit to two lakhs. Cash Transactions of more than two lakhs will be considered illegal and penalised, the government has proposed today. In the government's annual budget presented in February, Finance Minister Arun Jaitley had said Cash Transactions would be capped at three lakhs. In...
More »Post-note ban, Rs 35,000 crore cash stash flooded MP banks -Ankur Sirothia
-The Times of India BHOPAL: More than Rs 35,000 crore of stashed cash was pulled out of hidden lockers of corporates and individuals and deposited in 25 major banks within 60 days of demonetisation in Madhya Pradesh, reveal documents accessed by TOI. More than 40% of these accounts are under I-T surveillance, say sources. Money in Pradhan Mantri Jan Dhan Yojana accounts rose by Rs 461 crore after the note ban —...
More »Railways to make Aadhaar mandatory
-PTI Aadhaar number will be required for one-time registration at the IRCTC ticketing site. The railways will soon move towards Aadhaar-based online ticketing system to prevent touts from blocking bulk tickets, end fraudulent bookings and curb cases of impersonation. Aadhaar number has been made mandatory for senior citizens to avail concessions in train tickets from April 1. A three-month trial run for this is going on. As per the new business plan 2017-18, unveiled...
More »Bumps in Gujarat's PDS highway -Vimukt Dave
-Business Standard System in place for Aadhaar-linked payment through state but shopkeepers and consumers yet to cheer Ahmedabad: When young housewife Sarojben Rabari comes to buy rice from the Public Distribution System (PDS) shop in Ramnagar, on the northern fringes here, the shopkeeper asks her to pay by using her Aadhaar card. The woman refuses – she has neither an Aadhaar card or a bank account. She wishes to pay in cash;...
More »