Category: NEWS

Flipkart and Amazon are changing discount rules, here’s how

KOLKATA: Amazon and Walmart-owned Flipkart are seeking to quell price distortions, making steep discounts less of a possibility, to ensure strict compliance with ecommerce rules for foreign marketplace companies. They are asking brands to give in writing negotiated, pre-determined prices — also called market operating prices — for products to sellers and certify that any

Cheque Bounce Rules

All of us are familiar with cheque. It’s not merely a piece of paper, but is recognised as an instrument of credibility in the banking system. Even as use of cheques with the advent of digital age has continuously been declining, this piece of paper still enjoys status of a reliable payment system for businesses

All You Need To Know About “Interchangeability Of PAN And Aadhaar”: 10 Points

In Budget 2019, the government has proposed to provide “interchangeability of PAN (Permanent Account Number) and Aadhaar” to enable individual assessees to file income tax returns (ITR). The Unique Identity Number (UID) or Aadhaar number is a 12-digit identification number issued by the UIDAI or Unique Identification Authority of India under its biometrics-based personal identification

Union Budget 2019: Spending records & allocations

NEW DELHI: Comparison of budget estimate 2018-2019 with the revised estimate shows there were 34 ministries/departments that could not spend the money allocated to them. The total unspent money was 59,122 crore. Also, 44 ministries/departments saw spending exceed the amount allocated to them in last year’s budget by more than 1%. This extra spending was