Aadhaar-Linking With Banks Accounts: 5 Things To Know

The government had earlier set a December 31, 2017 deadline for linking of Aadhaar with bank accounts, insurance policies and other financial investments such as PPF (Public Provident Fund). The government has extended the deadline for linking Aadhaar with bank accounts. A new deadline for Aadhaar-bank account linking will…

PAN (PERMANENT ACCOUNT NUMBER)

  Permanent Account Number (PAN) is a code that acts as an identification for Indian nationals, especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act, 1961. An example number would be in the…

GST IMPACT ON INDIAN ECONOMY

Reduces tax burden on producers and fosters growth through more production. TheĀ current taxation structure, pumped with myriad tax clauses, prevents manufacturers from producing to their optimum capacity and retards growth. GST will take care of this problem by providing tax credit to the manufacturers. Different tax barriers, such as…

GST SLABS

The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market given its implications on earnings of companies. The government has categorised items in five major slabs – 0%, 5%, 12%, 18% and 28%. Here is the complete updated…