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Paytm clocks Rs 5,000 cr worth transactions in January

Paytm clocks Rs 5,000 cr worth transactions in January

Spurred by demonetisation, online payments platform Paytm clocked Rs 5,000 crore worth of transactions in the month of January, Paytm’s founder Vijay Shekhar Sharma said. “We clocked Rs 5,000 crore…

Pay taxes, apply for PAN via mobile app

Pay taxes, apply for PAN via mobile app

In step with government’s digital India drive, the Income Tax department is developing an app that will soon allow assessees to pay taxes or apply for PAN using smartphones. The…

WPI inflation spikes to 5.25% in January, fuel prices rise

WPI inflation spikes to 5.25% in January, fuel prices rise

Wholesale inflation shot up to a 30-month high of 5.25 per cent in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated. The…

Flipkart, Amazon, Snapdeal flag concerns over tax laws in GST

Flipkart, Amazon, Snapdeal flag concerns over tax laws in GST

Online retail biggies such as Flipkart, Snapdeal and Amazon have joined hands to raise concerns regarding Tax Collection at Source (TCS) norms under the draft model GST law. Under TCS,…

Kerala’s annual plan for 2017-18 pegged at Rs 26,500 cr

Kerala’s annual plan for 2017-18 pegged at Rs 26,500 cr

The Kerala cabinet on Wednesday approved the annual plan outlay of Rs 26,500 crore for 2017-18, which is Rs 2500 crore more than the current fiscal. The total plan for…

No limit on cash withdrawal from March 13: RBI

No limit on cash withdrawal from March 13: RBI

The Reserve Bank of India on Wednesday decided to phase out weekly limit on cash withdrawal from savings accounts in two stages, starting from February 20. First, the weekly withdrawal…

Taxman not to ask questions on deposits up to Rs 2.5 lakh: CBDT

Taxman not to ask questions on deposits up to Rs 2.5 lakh: CBDT

Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department on Monday said no questions will be asked about deposits of up to Rs 2.5 lakh and…

RBI to soon put new Rs 100 banknotes in circulation

RBI to soon put new Rs 100 banknotes in circulation

The Reserve Bank will soon put into circulation new Rs 100 banknotes which will be similar to the design of the ones in Mahatma Gandhi Series-2005. “The Reserve Bank will…

SBT Net loss touches Rs 67.76 crore in Q3

SBT Net loss touches Rs 67.76 crore in Q3

Public sector State Bank of Travancore (SBT) has recorded a Net loss of Rs 67.76 crore for the quarter ending December, 2016. Due to higher provisions for NPA (including additional…

Political parties must file ITR by Dec or lose exemption: Govt

Political parties must file ITR by Dec or lose exemption: Govt

After capping anonymous cash donations to political parties at Rs 2,000, the government is amending law to make it mandatory for them to file returns on income by December every…

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