Tax: New Three-page Income-tax Return Forms
The finance ministry has issued new three-page income-tax return (ITR) forms, dropping the controversial provision of mandatory disclosure of foreign trips and dormant bank accounts; it also extended the last date of filing tax returns to 31st August.
 
The ministry has also released a note with the new ITR forms for assessment year 2015-16 (FY 2014-15). Taxpayers have been anxiously awaiting these forms. As the forms have seen some changes and are a little delayed, the ministry has proposed that the due date for filing tax returns be extended to 31 August 2015.
 
The note has a proposal to release a new form—ITR-2A—for taxpayers who own more than one house property and do not have any capital gains. Owners of one house property have to file ITR 1. Taxpayers who own more than one house property are required to file ITR 2.
 

User

Banking: ICICI Launches Voice ‘Password’ Facility for Users
ICICI Bank has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password. According to a statement issued by the Bank, the voice recognition service authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank’s call centre.
 
Customers, in general, use various means of authentication like entering card numbers, answering security questions and entering a personal identification number (PIN) to carry out a phone banking transaction. “Their voice will now act as the password for banking transactions through the call centre,” the statement said, adding that the service is secure. Over 33 million savings bank and credit card customers will be able to use the service.
 

User

Cards: RBI Issues Draft Guidelines on Mobility Cards
The Reserve Bank of India (RBI) issued draft guidelines on mobility cards that will allow passengers to travel without cash in metros, buses and taxis carrying prepaid cards with value up to Rs2,000.
In a bid to boost prepaid payment instruments (PPIs) for commuting, RBI has introduced a new category of PPIs that will be issued by the mass transit operators (such as metro or road transport). With a minimum validity of six months from the issue date, the PPI- MTS (mass transit systems) will be re-loadable with a balance limit of Rs2,000. No cash-out or refund will be permitted from these PPI.
 
“It was felt that a separate category of semi-closed PPIs for MTS which handle a large number of small value cash payments will facilitate the migration to electronic payments in line with the country’s vision of moving to a cashless society,” RBI added.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)