The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account number (PAN). The new proposal has been made through an amendment to the Finance Bill. Recently, the I-T department had announced a mobile app for paying taxes+ and tracking of refunds. It had also said it was considering issuing PANs […]
» Read moreThe ₹3 lakh ceiling on cash transactions from April 1, 2017, proposed in the Union Budget 2017-18, has been revised to ₹2 lakh, with the government introducing an amendment to this effect in the Finance Bill cleared by the Lok Sabha on Tuesday. The tightening of the cap on cash transactions was one of 40 amendments to the Finance Bill […]
» Read moreFormer chief minister of Karnataka HD Kumaraswamy has turned angel investor for a mobile-based cab hailing venture in the city. Come Ugadi, Bengaluru could see the new cab aggregator, HDK Cabs, rivalling Ola and Uber. The app comes in the aftermath of prolonged protests by disgruntled drivers associated with Ola and Uber. Apparently, HDK Cabs plans to charge a fixed […]
» Read moreFormer Karnataka chief minister SM Krishna will join the BJP on Wednesday in Delhi, around seven weeks after he quit the Congress. “According to the information we have, SM Krishna will be joining the BJP tomorrow in Delhi,” party sources said at Bengaluru. Krishna would be inducted into the saffron party in the presence of its national president Amit Shah […]
» Read moreNorthern Ireland’s former Deputy First Minister and one-time IRA commander Martin McGuinness has died aged 66, his Irish nationalist party Sinn Fein said on Tuesday. Mr. McGuinness had resigned from politics in January, citing a serious illness and a breakdown in relations with the rival Democratic Unionist Party. “It is with deep regret and sadness that we have learnt of […]
» Read moreIndustrialist and sand mining baron J. Sekhar Reddy was arrested by the Enforcement Directorate (ED) late night on Monday. A senior Enforcement Directorate official said, “He has been arrested on charges of money laundering. He has been remanded in judicial custody.” More details would be available later as they were still quizzing him on the issue.
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