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Taxpayers not required to disclose high-value transactions in ITR. (PTI Photo)

Taxpayers need not reveal high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act

17 Aug 2020 11:08 AM GMT

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks ask exporters to close Iran deals due to US sanctions

Two Indian banks have asked exporters to complete their financial transactions with Iran by August.

30 May 2018 7:14 AM GMT

So here we bring to you a list of to-dos to ensure a budgeted online shopping from the comfort of your homes:

Only 32 per cent Indians make financial transactions online

65 per cent use internet for banking transactions, 55 pc for utility bill payment and 54 pc for online shopping.

14 Jun 2018 3:37 AM GMT

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

1.58 lakh tax payers under lens for partial a/c declarations

Taxpayers have provided response for 13.33 lakh accounts involving cash deposits of around Rs 2.89 lakh crore.

17 May 2017 4:18 AM GMT

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

CBDT issues clarification on furnishing SFT

Entity having TAN can generate an ITDREIN only when such TAN's Organisational PAN is not available.

26 May 2017 7:14 AM GMT