Disincentives for usage of cash – Committee on Digital Payment Recommendation Implement disincentives for usage of cash a) Permit merchants including government agencies to levy a cash handling charge for payments in cash above a certain threshold. The cash handling charge so collected should be exclusively used fund new infrastructure for acceptance of digital payments… Read More »
Digital Payment Committee Recommendation Create a fund from savings generated from cash-less transactions: In the upcoming Union Budget 2017-18, a new Digital Payments Incentive Fund should be created, resourced from the savings generated by the Central Government from the movement towards less cash. a) This may be called DIPAYAN or Digital Payments Action Network, also… Read More »
Committee on Digital Payments December 2016 Constituted by MINISTRY OF FINANCE, GOVERNMENT OF INDIA Download Report of Committee on Digital Payments Report of the Committe on Digital Payments, chaired by Shri Ratan P. Watal, Principal Advisor, NITI Ayog and Former Finance Secretary (Dated :27th December, 2016) 1 .Acknowledgement The remit of the Committee was comprehensive and… Read More »
How to resolve inaccuracies in your CIBIL Report Learn how to resolve inaccuracies in your CIBIL Report directly from website www.cibil.com [Related Post Check your CIBIL Score before Applying for Loan , How to read your CIBIL Credit Information Report ]
How to read your CIBIL Credit Information Report Your CIBIL TransUnion Score & Credit Information report plays a critical role in the loan evaluation process. Learn more about us, how to interpret your credit information report and tips to improve Credit Score. Higher the Credit Score, higher are the chances for a loan approval! (… Read More »
CIBIL Score before Applying for Loan For every home buyer, the most important thing is to get the home loan application accepted by the lender. Hence, it’s great to know where you stand financially before you are rejected by a lender so that you can make improvements to your CIBIL score. Benefits of maintaining good… Read More »
Issue The Assessing officer was of the view that since the assessee’s name appeared in the agreement, she was liable to be taxed for 50% of the STCG arising from sale of the said property, observing that since the assessee’s husband had set off the STCG on sale of the said property against sale of… Read More »
Whether a trust can submit Form 15G to bank for non deduction of TDS. Please give reference of Section or other material as the bank is not accepting it. Section 197(1A) is very clear and Trust can submit Form 15G to the Bank for non Deduction of TDS . Only company and partnership firms has… Read More »
In a bid to promote digital transactions, the Delhi government has directed all employers and contractors in the city to pay wages to their workers either electronically or through cheques. The Labour Department of the Delhi government has issued an advisory asking all contractors and employers to adopt such mode of payments to disburse wages… Read More »
CIRCULAR SEBI/HO/MRD/DP/CIR/P/2016/143 December 27, 2016 To, All Stock Exchanges (except for Commodity Derivatives Exchanges). Dear Sir / Madam, Subject: Review of the position limits available to Stock Brokers / Foreign Portfolio Investors (FPIs) – Category I & II / Mutual Funds (MFs) for stock derivatives contracts The position limits for Trading Member / Foreign Institutional… Read More »