Aadhaar is on its way to becoming a lifeline. Without it, you will not be able to carry out many necessary tasks and transactions, the government can soon make the Aadhaar necessary for buying shares and mutual funds.
An individual or entity could have been an issue with duplicate PAN cards due to an administrative error or if he applied multiple times and received a PAN card each time.
Aadhaar card number can be made mandatory to buy shares and mutual fund units soon. The government and the Securities and Exchange Board of India (SEBI) are planning to link Aadhaar card to financial market transactions.
In fiscal year 2016-17, 2.82 million people filed income tax returns. The tax department said on Monday that the number of filing of returns has increased by 25 percent after the ban.
Several steps are being taken after the ban on black money to tighten the currency. Now the Income Tax Department is engaged in identifying those who make changes in ITR after the ban, after which they will be examined.
The Central Government has come up with a pension plan called ‘Prime Minister’s Vaya Vandana Yojana’ for citizens of more than 60 years old i.e, Senior Citizen. Finance Minister Arun Jaitley will launch this scheme on Friday.
Whether the hotel is a five star or not, if its room rent is 2500 rupees per day or more but if it is less than Rs 7500, then the tariff will be GST at 18%. Government has released this explanation on Tuesday.
Parliament’s monsoon session has started. In this session, the government will also try to pass many important bills. One of these is also amendment to the Gratuity Act.
The government is working on the agenda of the merger of banks with the goal of preparing 3-4 banks of global size. It has reduced the number of government-owned banks from 21 to about 12.