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Jaipur, April 9 – A major financial fraud has come to light in Ajmer after the Income Tax Department issued a notice to a roadside clothes presser over transactions exceeding ₹598 crore linked to diamond trading.The presser, Jitendra Kumar, who operates an ironing cart in the Ramnagar area...

April 1, New Delhi: With the start of the new financial year today, a set of other key reforms has come into effect. Starting April 1, all digital payment transactions in India are required to meet the norms of two-factor authentication (2FA), as directed by the Reserve Bank of India.Under the...

With the start of the new financial year today, a set of reforms, including key changes to financial regulations, will come into effect.The Income Tax Act, which has been in place for over six decades, will be replaced by the new Income Tax Act, 2025, starting today. This is designed to...

New Delhi, February 9 Draft Income Tax Rules have proposed significantly increasing transaction limits for quoting PAN for cash deposits/withdrawals in banks, purchase of motor vehicles and property, and payment of hotel bills.The draft also proposes increasing the value of perquisites...