bank account details

The Reserve Bank of India (RBI) today cautioned public against any mail asking for bank account details of individuals in its name. "The Reserve Bank never asks for your bank account details. The RBI has clarified that it has not sent any such email," the central bank said in a statement. The RBI said that it has noticed that individuals have been receiving mails from RBI which asks bank customers "to update their bank account details against online phishing". Full Article

CBI on Sunday arrested an Income Tax Commissioner from Nagpur and his wife for allegedly amassing assets disproportionate to their known source of income to the tune of Rs 4 crore. While IT Commissioner Ajay Kumar Singh was arrested from Mumbai airport by CBI sleuths, his wife Mrunalika Singh was His wife Mrinalika was picked up by the agency from their residence at Seminary Hills for abetting corruption. CBI officials had been on the trail of his assets over the last fe.. Full Article

India and Switzerland will soon start negotiations to enlarge the scope of their bilateral double taxation treaty to allow sharing of details of bank accounts of people accused of tax evasion, visiting Swiss Vice-President and Minister of Economic Affairs Doris Leuthard said on Thursday. Full Article

If you’re a salaried individual working in any organisation in India, you know the irritation that overcomes you when a mail arrives asking you to declare you proposed investments for the year. You invariably end up putting down a very arbitrary selection of investments when the last day for submission dawns.  But this thoughtless could [...] Full Article

Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with the refund banker scheme spreading across the country soon. The refunds, arising out of tax payments and TDS collections, usually take more than a year to reach the average taxpayer. “Tax and TDS refunds will now reach the individual and [...] Full Article