Name: Deadline for linking PAN to Aadhaar extended to March 2020
Uploaded: 2019-12-30T04:53:00.fff+05:30
Duration: T00M21S
Channel: editorji
Description: The deadline to link PAN with Aadhaar has been extended from December 31st to March 31st next year. Post this, your PAN card will be inoperative, i.e the PAN cardholder will not be able to file his income tax. You can easily check your status and link your PAN card with Aadhaar card via the Income Tax Department's website or through SMS.

The deadline to link PAN with Aadhaar has been extended from December 31st to March 31st next year. Post this, your PAN card will be inoperative, i.e the PAN cardholder

Deadline for linking PAN to Aadhaar extended

The deadline to link PAN with Aadhaar&nbsp;has been extended from December 31st to March 31st next year.&nbsp;Post this, your PAN card will be inoperative, i.e the PAN cardholder will not be able to file his income tax.&nbsp;You can easily check your status and link your PAN card with Aadhaar&nbsp;card via the Income Tax Department's website or through SMS.&nbsp;

The deadline to link PAN with Aadhaar has been extended from December 31st to March 31st next year. Post this, your PAN card will be inoperative, i.e the PAN cardholder will not be able to file his income tax. You can easily check your status and link your PAN card with Aadhaar card via the Income Tax Department's website or through SMS.

Purchasing a home is one of the biggest financial decisions you may take in your lifetime, and if you are considering applying for a home loan, it can become even bigge

ICICI&nbsp;Bank has added to the bandwagon increasing the cheer for home buyers as it also has cut home loan rates to 6.7% ahead of year closing.&nbsp; &nbsp; The trend started by India&rsquo;s largest lender that lowered home loan rates to 6.7% was followed swiftly by Uday Kotak backed Kotak Mahindra Bank that went even lower to 6.65%.&nbsp;Real estate lender HDFC also issued a statement that it was lowering the rates by 5 bps as well.&nbsp;&nbsp; &nbsp; All these offers however are limited to new loans before the close of this fiscal year on March 31, lenders are hoping the low rates will boost up loan books before the year ends.

The Govt has again extended the deadline for filing declaration and making payments under ‘Vivad Se Vishwas’ scheme . The deadline for declaration has been

The Govt has extended the deadline for filing declaration and making payments under &lsquo;Vivad Se Vishwas&rsquo; scheme . The deadline for declaration has been pushed March 31, 2021, and the due date for payment without additional amount under the scheme has been&nbsp;extended to 30th April, 2021.
The Direct Tax Vivad se Vishwas Act, 2020 was implemented in March 2020 and 1.2 lakh cases amounting to&nbsp;Rs 97,000 cr&nbsp;have so far opted for the scheme.

The 50 stock Nifty will have a fresh line up for the new fiscal as it will add on Tata Consumer Products while dropping state run GAIL from it’s list. This

The 50 stock Nifty will have a fresh line up for the new fiscal as it will add on Tata Consumer Products while dropping state run GAIL from it&rsquo;s list.&nbsp;
This is will mark the debut of Tata Consumer Products previously called Tata Global beverages into Nifty as it joins in ranks with peers Hindustan Unilever, Nestle, Britannia. The weight of consumer stocks in the benchmark will rise to over 11.5% with the inclusion&nbsp;
 Tata Consumer holding key brands such as Tata Tea, Tetley, Tata Salt &amp; Himalayan water will be the 5th Tata Group company in the Nifty after TCS, Tata Steel, Tata Motors and Titan.

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it

The Indian workforce can expect an average of 7.7% increment in 2021 as per the Aon India Salary Increase Survey . This marks a rise from 6.4% last year but ex 2020 it is still the lowest salary increase since post financial crisis in 2009. (can we use the graph they have in their presentation on page 3). The rise in salaries is in co-relation with the fact the Indian economy is expected to get back on the growth track in the current year. GDP numbers due on Friday should indicate that India has exited the recession.
 No surprises that e-commerce and VC backed companies are likely to see salary hikes above the national average at 10.1% . Tech companies follow in close with an expectation of 9.7% hike. It will remain a struggle for those in Hospitality sector with a projected 5.5% rise as the industry continues to limp back into shape.
 Aon survey also indicates that average variable pay&nbsp; as a percentage the fixed pay will come down across sectors led by financial institutions.
 With 88% companies surveyed intending to give salary increases in 2021, as compared to 75% companies in 2020 the economic indicators are seemingly on the mend. Infant at 7.7% the pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. (Last can also use a graphic with flags and % of hike anticipated from the presentation)

It was a flat end to a volatile day of trade on Dalal Street. At close, the Sensex was up 7 points at 49,751, and the 50 stock Nifty clocked in just a 32 poin

It was a flat end to a volatile day of trade on Dalal&nbsp;Street.&nbsp;At close, the Sensex was up 7 points at 49,751, and the 50 stock Nifty clocked in just a 32 point gain ending the day at&nbsp;14,707.
The broader markets were more active with the advances outpacing the declines holding the market breadth steady at 3:2.&nbsp;Smallcap and Midcap Indices&nbsp;rung in gains of 1% each.&nbsp;
Metal Index remained firmly higher through the day&nbsp; hitting the highest level since April 2018&nbsp;but the sheen was dragged down by financial stocks which continued their downturn.&nbsp;
Bulls will take solace from the fact that the markets have broken the 5 day losing streak.&nbsp;

Finance minister Nirmala Sitharaman proposed a tax payers’ charter in the Income Tax Act to ensure fairness to assessees and to make sure that officials in order to col

Finance minister Nirmala Sitharaman proposed a tax payers&rsquo; charter in the Income Tax Act to ensure fairness to assessees and to make sure that officials in order to collect taxes do not end up harassing citizens.&nbsp;&nbsp;So what exactly is the Taxpayers Charter? A Taxpayer Charter is a unit in a tax department that explains what a taxpayer can expect from the authority and what is expected from them. The aim of the Charter is to nurture the relationship between the tax department and taxpayers.&nbsp;&nbsp;Sitharaman also proposed amendments to the Companies Act, 2013 and other laws that will take away criminal penalties for civil acts. About 44 offences under the Act are under consideration for amendment. "Businesses should have the confidence that things are fair and efficient in tax administration. A Taxpayers' Charter will be enshrined in the statute as part of our law. Our government would like to reassure taxpayers that we remain committed to taking measures so that our citizens are free from tax harassment. We are willing to put it into law, tax harassment cannot be tolerated, we mean it," she said.

In a move that is bound to bring cheer to the common man, the Govt has announced substantial cuts in the personal income tax rates. Finance Minister Nirmala Sitharaman

In a move that is bound to bring cheer to the common man, the Govt has announced substantial cuts in the personal income tax rates.
Finance Minister Nirmala&nbsp;Sitharaman&nbsp;in her budget speech said that under the new tax regime those earning between Rs 5 lakh to 7.5 lakh&nbsp;per year&nbsp;will have to pay 10% tax compared to 20% earlier.&nbsp;
Those earning between Rs 7.5 lakh and 10 lakh&nbsp;will be taxed at 15%.&nbsp;For earnings between Rs 10 lakh to 12.5 lakh, the tax rates have been slashed to 20% tax from existing 30% and for earnings between Rs 12.5 lakh&nbsp;to 15 lakhs&nbsp;the tax&nbsp;rate will be 25%. Those earning Rs 15 lakhs&nbsp;will continue to pay 30% income tax.
But there's a catch, the new tax rates are however optional, a taxpayer will have to forego&nbsp;exemptions availed under the current tax regime if they opt for reduced tax rates.&nbsp;

Gold is all set to post it's biggest annual gain since 2010. International prices hit a 6 year high in September and gold is on track to close the year by gaining more

Gold is all set to post it's biggest annual gain since 2010.
International&nbsp;prices hit a 6 year high in September and gold&nbsp;is on&nbsp; track to close the year by gaining more than 15 percent.
London spot prices opened the year at $1,282 an ounce and gradually rallied to a high of $1,557 an ounce by September.
Going forward, progress in the U.S-China trade deal, global growth outlook, and central bank action will&nbsp; guide the direction of the metal.

After making NEFT available 24x7, the Central Bank is planning to make its real-time gross settlement or RTGS system become available round the clock as well. This coul

After making&nbsp;NEFT&nbsp;available&nbsp;24x7, the Central Bank is planning to make its real-time gross settlement or&nbsp;RTGS&nbsp;system become available round the clock as well.&nbsp;
This could become a reality in a month or two.&nbsp;
RTGS&nbsp;is used to transfer large sums, the minimum amount being Rs 2 lakh. This mode is used primarily to facilitate trade and market transactions.

Equity mutual fund schemes recorded the worst inflows in three and a half years . At Rs 1,311 crore , collections were 78 per cent lower than October. Contribution thro

Equity mutual fund schemes recorded the worst inflows in three and a half years . At Rs 1,311 crore&nbsp;, collections were&nbsp; 78 per cent lower than October.
Contribution through systematic investment plans or&nbsp;SIPs&nbsp; grew marginally to Rs 8,272 crore&nbsp;.
Analysts feel investors are feeling nervous about the market which is why redemptions&nbsp;were&nbsp;&nbsp;47 per cent higher than the previous month.
&nbsp;

The Bharat Bond ETF will open from the 12th of December till the 20th . The issue has received a nod from SEBI. Bharat Bond's offer size will be Rs 7,000 crore with a l

The Bharat Bond ETF&nbsp;will open from the 12th of December till the 20th . The issue has received a nod from&nbsp;SEBI.
Bharat Bond's offer size will be Rs 7,000 crore with a likely greenshoe option of Rs 8,000 crore. The bond will invest in 3 and 10 year securities.
Firms&nbsp;like NHAI, NHPC, REC&nbsp;etc are likely to borrow via the ETF.&nbsp;

State Bank of India has cut it's lending rates by 10 basis points across all tenors. This is effective from the 10th of December. This is the 8th consecutive cut by SBI

State Bank of&nbsp;India has cut it's lending rates by 10 basis points across all tenors. This is effective from the 10th of December.
This is the 8th consecutive cut by SBI&nbsp;this year in MCLR&nbsp;or Marginal Cost of Fund based Lending&nbsp;Rate . The one year MCLR&nbsp;now stands at 7.90%.&nbsp;

The Ujjivan Small Finance Bank IPO saw 170x demand over the number of shares on offer. Ujjivan SFB is a wholly owned subsidiary of Ujjivan Financial Services and the pr

The&nbsp;Ujjivan&nbsp;Small Finance Bank IPO saw 170x demand over the number of shares on offer.
Ujjivan SFB is a wholly owned subsidiary of Ujjivan Financial Services and the&nbsp;price band for the issue was Rs 36-Rs 37 per share.&nbsp;
Market players feel an encouraging listing day performance by new listings like&nbsp;IRCTC and CSB Bank have attracted investors .
&nbsp;

Banks and financial companies have reportedly met senior officials of the stock exchanges and raised concern over their exposure to Karvy. Karvy's companies have taken

Banks and financial companies&nbsp;have reportedly met senior officials of the stock exchanges and raised concern over their exposure to Karvy.
Karvy's companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank.
The bankers have discussed the matter to ascertain the knock-on effects of the order against the broking house by SEBI earlier this month.&nbsp;

CBDT data shows that collection of personal income tax and corporate taxes fell nearly 17 per cent in October. While the CBDT collected Rs 61,475 crore in October 2018,

CBDT data shows that collection of personal&nbsp;income tax&nbsp;and corporate taxes fell nearly 17 per cent in October.&nbsp;
While the CBDT collected Rs 61,475 crore in October 2018, the mop-up fell to Rs 50,715 crore in October 2019.
While experts feel the impact of tax cuts can't impact collections yet, as most companies are yet to decide on their choice, government officials said slow collection were in part, due to the corporate tax cut.
&nbsp;

Kerala-based CSB Bank's IPO opens for subscription today and closes on the 26th of November. The IPO has a price band of Rs 193-Rs 195 per share, with an aim to raise R

Kerala-based CSB Bank's&nbsp;IPO opens for subscription today and closes on the 26th of November. The IPO has a price band of Rs 193-Rs 195 per share, with an aim to raise Rs 409&nbsp;crore.
Formerly known as Catholic Syrian Bank,&nbsp;CSB Bank is one of the oldest private sector banks in India with 412 branches and 1.3 million customers.
CSB's advances were at Rs 11,298 crore and it's net NPAs&nbsp;stand at&nbsp;&nbsp;1.96. The total NPA provisioning was Rs 55.63 crore.&nbsp;

HDFC Bank has revised interest rates on fixed deposit maturities with effect from the 16th of November. On FDs of 1 year, HDFC Bank has slashed the interest by 15 basis

HDFC Bank has revised interest rates on fixed deposit maturities with effect from the 16th of November.
On FDs of 1 year,&nbsp;HDFC Bank&nbsp;has slashed the interest by 15 basis points. Now these FDs will give you a return of 6.30%.&nbsp;
With the latest rate cut, HDFC Bank now offers an interest rate of 6.30% on FDs maturing in five years&nbsp; to ten years.
Senior citizens will continue to get 50 basis points higher interest rates than the general public.&nbsp;
&nbsp;
&nbsp;

Mutual fund investment in stock markets halved to Rs 55,700 crore in the first 10 months of the year, mostly because of lower participation from retail investors. Fund

Mutual fund investment in stock markets halved to Rs 55,700 crore in the first 10 months of the year, mostly because of lower participation from retail investors.
Fund managers had bought shares worth about Rs 1.12 lakh crore during January-October 2018, according to data provided by SEBI.&nbsp;
Despite new highs for the market, the rally has been restricted to select stocks and retail investors have not seen any positive impact on their wealth.&nbsp;
&nbsp;

In perhaps the first instance, the finance ministry has kicked off an exercise to formulate the next budget, by seeking suggestions and economic justification on change

In perhaps the first instance, the finance ministry has kicked off an exercise to formulate the next budget, by seeking suggestions and&nbsp;economic justification on changes in direct and indirect taxes from industry and trade associations.
The Department of Revenue has put out a circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.
&nbsp;

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