Banking operations, including ATM services, may be hit, with Microsoft support for Windows XP operating system ending on 8th April. RBI asked banks to take immediate steps to implement appropriate systems and controls to meet the challenge of increased probability of attacks on such a system that may affect ATM operations. Microsoft will stop issuing updates and patches for bugs in its Windows XP operating systems, which was released in 2001.
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To avoid the hassle of sending a hard copy of e-filed return by post, the income-tax department has decided to introduce the facility of electronic signature for taxpayers. The Central Board of Direct Taxes (CBDT) has decided to implement the new mechanism by the end of the next financial year in March 2015.
CBDT will contact the Union ministries of law and communications and information technology to establish the legal position and technology requirements before the new protocols for e-returns—ITRV—are operationalised.
A digital signature verifies the identity of the sender and is created by paying a fee which requires regular renewal. Hence, this is perceived as another burden on the salaried class and other small taxpayers.