Amendments Financial Law and constitution

Blackmoney (Undisclosed Foreign Income & Assets) and Imposition of Tax Bill, 2015

The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 was introduced in Lok Sabha on March 20, 2015 by the Minister of Finance, Mr. Arun Jaitley. The Bill will apply to Indian citizens and seeks to replace the Income Tax (IT) Act, 1961 for the taxation of foreign income.  It penalizes the concealment […]

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Contact-less Payment Technology : An Emerging Payment System

The country’s largest Government bank State Bank of India (SBI) is planning to launch contact-less debit cards and ICICI Bank, the country’s largest private sector bank, announced the launch of the country’s first ‘contact-less’ debit and credit cards. which would enable customers to carry out some transactions without entering the pin number. These enable customers […]