In a move to clarify the ongoing confusion surrounding the cancellation of Below Poverty Line (BPL) cards, the Congress government in Karnataka issued an official order today. The order instructs the Food Department to take immediate action, ensuring that only the BPL cards of individuals who are income taxpayers or government employees are canceled. The … Read more
The Income Tax Department in a recent notification has asked the taxpayers to link their Permanent Account Number (PAN) with Aadhaar by May 31 to avoid tax deduction at a higher rate. It is to be noted that as per the current regulations if a taxpayer’s PAN is not linked with his or her Aadhaar, … Read more
Income tax payers will not be allowed to enrol in the government’s social security scheme Atal Pension Yojana (APY) from October 1, according to a notification. The government introduced APY on June 1, 2015, to provide social security to workers mainly in the unorganised sector. Subscribers of the scheme get a minimum guaranteed pension of … Read more