29 Jun 2017

Link Aadhaar Card With Pan Card

As per a Supreme Court judgement passed on 9 June 2017, if you have Aadhaar, it is mandatory to link it to PAN and mention the same in your tax returns. However, if you don’t have Aadhaar, you can e-file tax returns without the same for FY2016-17.
Now you can link your Aadhaar and PAN through SMS also. The Income Tax Department has urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.It can be done by sending an SMS to either 567678 or 56161.
Send SMS to 567678 or 56161 from your registered mobile number in following format:
UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN>
Example: UIDPAN 123456789123 AKPLM2124M
 People can also visit the official e-filing website of the department to link the two identities, in both the cases– identical names in the two databases or in case where there is a minor mismatch.
The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar with just a 2 step process which does not even require  to login or register at the e- filing website. This facility can be used by anyone to link their Aadhaar with PAN.
Aadhaar-Card

2 step process to link Aadhaar with PAN

Step 1 :
Just go to www.incometaxindiaefiling.gov.in and click on the link on the left pane – Link Aadhaar
Step 2 :
Provide PAN, Aadhaar no. and ENTER NAME EXACTLY AS GIVEN IN AADHAAR CARD (avoid spelling mistakes) and submit. After verification from UIDAI which is the government website for Aadhaar, the linking will be confirmed.
Aad
In case of any minor mismatch in Aadhaar name provided, Aadhaar OTP will be required. Please ensure that the date of birth and gender in PAN and Aadhaar are exactly same.
In a rare case where Aadhaar name is completely different from name in PAN, then the linking will fail and taxpayer will be prompted to change the name in either Aadhaar or in PAN database.

The process of linking Aadhaar with PAN is also available after login to the income tax website.Following are the steps for this :

Step 1.

First register yourself at the income tax e filing portal, if you are not already registered.https://incometaxindiaefiling.gov.in/
Step 2.
Log in to the e-Filing portal of the Income Tax Department by entering the log-in ID, password and date of birth
link aadhaar to pan
Step 3.
On logging in to the site, a pop up window will appear prompting you to link your PAN card with Aadhaar card. If you don’t see the popup, go to blue tab on the top bar named ‘Profile Settings’ and click on ‘Link Aadhaar’.
aadhaar 3
Step 4.
Details such as name, date of birth and gender will already be mentioned as per the details submitted at the time of registration on the e-Filing portal. Verify the details on screen with the ones mentioned on your Aadhaar card.
Step 5.
If the details match, enter your Aadhaar card number and captcha code and click on the “Link now” button.
aadhaar 4
Step 6.
A pop-up message will inform you that your Aadhaar card has been successfully linked to your PAN card.

27 Oct 2016

October 26,2016 Current Affair

India ranks 130 in ease of doing business: World Bank report
i. According to the World Bank’s Ease of doing Business Report 2017, India now ranks 130 out of 190 countries.
ii. New Zealand has surpassed Singapore to become the easiest country in the world to do business. 
iii. The World Bank is an international financial institution that provides loans to developing countries for capital programs.

India up 21 places in WEF gender gap report: WEF
i. India has climbed 21 spots to rank 87th on the World Economic Forum's Global Gender Gap Report 2016. 
ii. With this jump in ranking, India has now overtaken China which is ranked 99th out of 144 countries.  Iceland tops the latest rankings followed by Finland, Norway and Sweden.


Beatty becomes first US author to win Man Booker prize
i. Paul Beatty became the first author from the United States (US) to be awarded the Man Booker prize, for his book, 'The Sellout'.
ii. Beatty's book was awarded the 2016 prize of £50,000, in the third year since the award was opened to American writers. 
iii. The Man Booker International Prize was established in 2005, biennially rewarding an author for a body of work originally written in any language as long as it was widely available in English.

Urban Development Ministry, NBCC, CPWD sign MoU to redevelop colonies
i. The Union Ministry of Urban Development has signed a MoU with National Buildings Construction Corporation (India) Ltd and Central Public Works Department (CPWD). 
ii. The MoU was signed for the redevelopment of General Pool Residential Accommodation (GPRA) colonies in New Delhi.

India, New Zealand Sign Three Agreements
i. India and New Zealand today signed three agreements in the areas of double taxation avoidance, food security and sports to carry forward the ties between both sides.
ii. The agreements were signed in the presence of Prime Minister Narendra Modi and his New Zealand counterpart John Key after the delegation-level talks.

International Hockey Federation appoints Jason McCracken as new CEO
i. The International Hockey Federation has appointed New Zealand's Jason McCracken as its Chief Executive Officer.
ii. McCracken will be leaving his role as Head of Insurance and Investment Risk at banking group ANZ to take on his new post at FIH's headquarters in Lausanne, Switzerland. 
iii. He will replace Kelly Fairweather, who is leaving for the International Tennis Federation after six years in the role.

Legendary football Carlos Alberto Torres dies
i. Legendary footballer Carlos Alberto Torres passed away on 25 October 2016 at Rio de Janeiro, Brazil.
ii. He was 72. 

iii. Carlos was known for scoring one of the greatest goals in World Cup history in 1970 final against Italy.

12 Oct 2016

Oct 11 th,2016 Current Affair

Virat Kohli presented with ICC Test Championship mace

Indian captain Virat Kohli was presented with the ICC Test Championship mace for leading his team to the top of the Test Team Rankings.
The mace was presented by former India captain and ICC Cricket Hall of Famer Sunil Gavaskar at a ceremony following the conclusion of the third and final Test against New Zealand in Indore after the home team completed a 3-0 whitewash.







GST lends more weight to India’s 8% growth projection: S&P
Calling GST as the most important structural reform till date by the Modi government, S&P Global Ratings said on 11th October 2016 the passage of the indirect tax law gives it additional conviction of India clocking 8 per cent growth in the next few years.
“India’s GST passage gives us additional conviction around our 8%-ish GDP growth forecast over the next few years,” it said in a report titled ‘Asia-Pacific steadies while China goes silent’.

International Day of the Girl Child :11 October
International Day of the Girl is observed annually on 11 October; it is also called the Day of the Girl. The theme for this year's International Day of the Girl (11 October) is "Girls' Progress = Goals' Progress: What Counts for Girls". On December 19, 2011, United Nations General Assembly adopted Resolution 66/170 to declare October 11 as the International Day of the Girl Child, to recognize girls’ rights and the unique challenges girls face around the world.

The International Day of the Girl Child focuses attention on the need to address the challenges girls face and to promote girls’ empowerment and the fulfillment of their human rights.

Russia & Turkey agree to intensify military, intelligence contacts

The Russian and Turkish leaders have agreed to intensify military and intelligence contacts after a meeting in Istanbul, Turkey. After his meeting with Turkish President Recep Tayyip Erdogan, Russian President Vladimir Putin said, they have agreed on the need for aid to get to the northern Syrian city of Aleppo.
The two countries have also signed a deal to construct two pipelines to send Russian gas under the Black Sea to Turkey. Ties were strained after Turkish forces downed a Russian war plane in November 2015. Speaking at a joint news conference with Mr Putin, Mr Erdogan said he was confident that the normalisation of relations would take place rapidly.

Standard Chartered Bank forms tie-up with Uber

Foreign lender Standard Chartered Bank has announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash-back of up to 25 per cent for hailing cabs from the app. 
In India, the cardholders will get a 20 per cent cash-back on all Uber rides, subject to a cash—back cap of Rs. 600 per month. Additionally, first-time Uber users will get a discount of Rs.50 for the first three rides. Apart from India, the partnership has been activated in Singapore, Indonesia, Malaysia, Vietnam and UAE.