The Income Tax Department has disabled the validity of lakhs of PAN cards across India. The IT department has taken the decision to invalidate those cards which are suspicious of identity, fake proofs and duplicate cards / numbers etc. The citizens can check the validity of their PAN cards through Income Tax department website at … Read more
Following are the top companies which are likely to be named by RBI under biggest loan defaulters in the country. Reserve Bank of India will be preparing a list of such companies and soon come out with a report. Loan amount of the following 12 companies constitute 25 percent of the total NPA gross the … Read more
In an another important move to curb black money and money laundering activities, the Government of India has made it mandatory to produce Aadhaar number to open bank accounts. All the existing and new account holders must update their accounts with Aadhaar numbers. Seeding Aadhaar with bank accounts is a must now following the mandate … Read more
Income Tax Department of Government of India has warned the general public of dire consequences if the daily cash transactions cross Rs. 2 lakhs in their bank accounts. 100 percent penalty will be imposed on the account holders concerned if the rule is violated by anybody. In a move to curb black money, the Government … Read more