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Ministry Of Finance News

New Rules Mandate Aadhaar For Small Savings Schemes

The Ministry of Finance has introduced new regulations governing small savings schemes. Effective April 3, 2023, individuals seeking to invest in schemes such as the Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSM), and Public Provident Fund (PPF) are now ...

Ministry of Finance: More Than 3.59 Cr ITRs Have Been Filed On The New e-filing Portal

According to the Ministry of Finance, 3.59 crore Income Tax Returns (ITRs) were filed via the new e-filing portal of the Income Tax Department as of December 15, 2021. As the extended due date of December 31, 2021 approaches, the number ...

Linking Of PAN And Aadhaar Gets Extension Till August 31

After the date for filing ITR got extension by another 5 days to August 5, the government also extended the date for linking PAN and aadhaar to August 31. Earlier on Monday, revenue secretary, Hasmukh Adhia said that PAN shall ...

Taxpayer Or Not You Have To Link PAN With Aadhaar: Ministry Of Finance

As per the recent clarification by the direct taxes authority, the linking of PAN and Aadhaar is mandatory for all such individuals who are eligible to obtain Aadhar number. So, whether the individual is liable to pay income tax or ...

Financial Intelligence Unit begins probe in NSEL crisis

NEW DELHI: The Financial Intelligence Unit has begun a probe into the transactions of investors and owners of crisis-ridden National Spot Exchange Limited (NSEL) after probe agencies investigating the bourse detected alleged discrepancies in financial dealings. The FIU, under the ...