Articles for Transactions

Dutch supermarket chain Spar accused of helping Iran evade sanctions
15 hours, 7 minutes ago

Dutch supermarket chain Spar accused of helping Iran evade sanctions

NL Times  

The Dutch supermarket chain Spar has been implicated in an alleged scheme to help Iran bypass international sanctions, de Volkskrant reported. According to internal documents leaked by a whistleblower, the license for Spar Iran was used to facilitate questionable transactions involving members of the Iranian Revolutionary Guard Corps, a heavily sanctioned group linked to human rights abuses. Evidence suggests that …

Sanctions Iran Blue River Supermarket Chain Spar Irgc
Govt to conduct forensic audit of Dharani transactions to ascertain the magnitude of irregularities
3 days, 3 hours ago

Govt to conduct forensic audit of Dharani transactions to ascertain the magnitude of irregularities

The Hindu  

The State Government has resolved to conduct a forensic audit of all transactions taken up through the Dharani portal to ascertain the magnitude of the irregularities that are alleged to have taken place in land transactions over the past few years. Mr. Maheshwar Reddy wondered why the Government was reluctant to order an inquiry by the CBI or sitting judge …

Forensic Audit Brs Dharani Maheshwar Reddy
As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it
3 days, 15 hours ago

As UPI frauds are on a rise, BharatPe launches new feature called Shield: What is it, how to use it

India Today  

Earlier this month, BharatPe rolled out a new service called "Shield" to protect its users from the growing threat of UPI fraud. Shield offers a comprehensive protection plan that safeguards users from fraud, phishing attempts, and unauthorised transactions, even if the user loses their phone. In today’s world, where digital payments have become a part of daily life, initiatives like …

Fraud Fir Shield Users Upi Bharatpe
Three Indians arrested in Nepal over alleged 'hundi' transactions and narcotics possession charges
4 days, 15 hours ago

Three Indians arrested in Nepal over alleged 'hundi' transactions and narcotics possession charges

India TV News  

On Thursday, three Indian nationals were arrested in Nepal for their alleged involvement in separate cases of illegal 'hundi' transactions and narcotics possession, the police said. The police arrested Basant Kumar Rathi, a 52-year-old resident of Rajasthan for his alleged involvement in executing 'hundi' transactions from a private company's office in the Battisputali area of Kathmandu, the Nepal Police news …

Nepal Indian Arrested Indians
ED raids nine locations in money laundering case linked to Spectra Industries
4 days, 15 hours ago

ED raids nine locations in money laundering case linked to Spectra Industries

India Today  

The Mumbai Zone of the Enforcement Directorate conducted search operations at nine places across Mumbai and Aurangabad in connection with a money laundering case involving bank fraud against Spectra Industries. The ED initiated an investigation in the case on the basis of an FIR registered by the Central Bureau of Investigation against Spectra Industries Limited, Jaidev Vinod Gupta, Sheela Vinod …

Bank Ed Raids Spectra Industries
From new limits to new features: All changes made in UPI in 2024
4 days, 22 hours ago

From new limits to new features: All changes made in UPI in 2024

India TV News  

The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct …

Payments Users Feature Transaction Limit Upi Npci
Why your savings account needs an upgrade: Expert's pick
5 days, 4 hours ago

Why your savings account needs an upgrade: Expert's pick

Deccan Chronicle  

In today's dynamic financial landscape shaped by digitisation and disruptive innovation, is your traditional savings account due for an upgrade? The lack of modern technology benefits Most legacy savings accounts lack the convenience of modern banking technology benefits, like instant notifications on transactions, digital dashboards with spending insights, paperless e-statements, biometric logins, etc., that new digital platforms readily provide. ● …

Savings Banking Interest Rates Interest Rates Banks Account
CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS
5 days, 18 hours ago

CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS

The Hindu  

The income tax department on Tuesday said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement and income disclosed in ITRs for the financial years 2023-24 and 2021-22. In a statement, the Central Board of Direct Taxes said it has launched an electronic campaign to assist taxpayers …

Information Campaign Income Reported Itr This Campaign Cbdt
Crypto Tax Gets Clarity, ITAT Rules VDAs To Be Recognised As Capital Assets. Check Out New Framework For Profits
6 days, 6 hours ago

Crypto Tax Gets Clarity, ITAT Rules VDAs To Be Recognised As Capital Assets. Check Out New Framework For Profits

ABP News  

The Income Tax Appellate Tribunal in Jodhpur has provided much-needed clarity on the taxation of cryptocurrencies in India. By recognising crypto as capital assets, it provides much-needed relief for investors who sold crypto before 2022, allowing them to benefit from long-term capital gains tax rates. For investors, this means that any profits made from selling cryptocurrencies will now be subject …

India Tax Cryptocurrency Crypto Capital Cryptocurrencies Capital Gains
Attention taxpayers: CBDT issues alerts to taxpayers on mismatch in ITR, information statement
6 days, 15 hours ago

Attention taxpayers: CBDT issues alerts to taxpayers on mismatch in ITR, information statement

India TV News  

The income tax department said it is issuing alerts to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement and income disclosed in ITRs for the financial years 2023-24 and 2021-22. The Central Board of Direct Taxes in a statement said it has launched an electronic campaign to assist taxpayers in resolving mismatches between …

Information Income Reported Itr This Campaign Cbdt Taxpayers
Cryptocurrencies to be taxed as capital gains: Relief for pre-FY23 earnings
6 days, 15 hours ago

Cryptocurrencies to be taxed as capital gains: Relief for pre-FY23 earnings

India Today  

The Income Tax Appellate Tribunal in Jodhpur has clarified how cryptocurrency profits should be taxed in its ruling in Tuesday. TAXATION BEFORE AND AFTER 2022 Pre-2022 transactions: Before the Virtual Digital Assets regulations came into effect in 2022, profits from crypto sales were categorised as capital gains, much like profits from stocks or real estate. Investors holding cryptocurrencies for more …

Tax Crypto Capital Capital Gains 2022 Gains Transactions
Police officer from Pune loses Rs 2.3 lakh after scanning QR code to pay at local bakery
1 week ago

Police officer from Pune loses Rs 2.3 lakh after scanning QR code to pay at local bakery

India Today  

Online scams are becoming a growing menace in India. While cyber cells and police are urging citizens to stay cautious, in a surprising incident, a police constable from Pune himself fell victim to cyber fraud, losing Rs 2.3 lakh in a scam involving a QR code. According to the report, the investigation is ongoing, and police revealed that the victim …

Pune Code Transaction Constable Qr Code Otp
UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
1 week, 1 day ago

UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024

Hindustan Times  

The Finance Ministry said on Saturday that from January to November of this year, 15,547 crore transactions of ₹223 lakh crore were handled through the Unified Payments Interface. From January to November of this year, 15,547 crore transactions of ₹ 223 lakh crore were made over the Unified Payments Interface, "demonstrating its transformative impact on financial transactions" in India.) The …

India Financial Transactions Payment Crore Transactions Upi
Income tax rule: How much cash can you receive in your bank savings account in one financial year to avoid I-T notice?
1 week, 2 days ago

Income tax rule: How much cash can you receive in your bank savings account in one financial year to avoid I-T notice?

Live Mint  

Income tax rule: Have you ever considered how much cash you can deposit and withdraw in your bank savings account in a fiscal year to avoid being investigated by the income tax authorities? Personal finance experts say that as per income tax regulations, the total cash deposits or withdrawals in a savings account during a financial year should not exceed …

Tax Bank Income Person Single Cash Transaction
ED seizes assets worth ₹3.9 crore in money laundering probe
1 week, 3 days ago

ED seizes assets worth ₹3.9 crore in money laundering probe

Hindustan Times  

Mumbai: The Enforcement Directorate has seized movable assets worth approximately ₹3.9 crore during searches in Mumbai, Delhi and Gurgaon as part of its money laundering investigation into Dentsu Communications India Private Limited and Suumaya Industries Ltd and their promoters. The agency's investigation stems from a Worli police case against the accused for allegedly embezzling ₹137 crore from certain non-banking financial …

Mumbai Money Laundering Crore Allegedly Ted Movable Assets Dentsu
JPMorgan-Backed ISG Secures RBI Approval To Operate As Payment Aggregator
1 week, 3 days ago

JPMorgan-Backed ISG Secures RBI Approval To Operate As Payment Aggregator

ABP News  

In-Solutions Global, a fintech company backed by JP Morgan, has received full authorisation as a Payment Aggregator under the Reserve Bank of India’s regulatory framework. The RBI approval enables ISG to enhance digital payment solutions for merchants across various industries, ensuring fast, secure, and efficient transactions. It strengthens our position as a trusted partner, enabling us to power enterprises and …

India Payment Rbi Jpmorgan Isg Ondc
Bajaj Finance pivots to profitability with AI, scales back payments ambitions
1 week, 3 days ago

Bajaj Finance pivots to profitability with AI, scales back payments ambitions

Live Mint  

MUMBAI : Bajaj Finance Ltd, one of India’s leading non-bank lenders, is scaling back its ambitions in the payments and credit card businesses as part of a revised five-year roadmap, BFL 3.0. Read this | Bajaj Finance set for a sturdy quarter despite RBI directive Explaining the rationale behind re-evaluating Bajaj Pay, the company’s payments platform, Jain said, “After three …

Finance India Credit Payments Pay Company Million
1099-K tax rule change for business transactions on payment apps and online marketplaces takes effect (partially)
1 week, 3 days ago

1099-K tax rule change for business transactions on payment apps and online marketplaces takes effect (partially)

CNN  

CNN — Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who occasionally sells their creations: If you accept business-related income through a payment app or online marketplace like Venmo, CashApp, Airbnb and Etsy, come January you may start receiving 1099-K tax forms from the platforms where you do business. A …

Business Change Tax Rule Irs Threshold Transactions
Rewards and discounts: Unlocking the full potential of your FIRST SWYP EMI credit card
1 week, 3 days ago

Rewards and discounts: Unlocking the full potential of your FIRST SWYP EMI credit card

New Indian Express  

Rewards programs and discounts can significantly enhance your shopping experience, making every purchase more valuable. The IDFC FIRST Bank FIRST SWYP Credit Card is designed to do just that, offering a range of rewards, discounts, and exclusive merchant offers. With its unique rewards program and diverse discounts, the SWYP Credit Card takes your shopping and financial management to the next …

Rewards Credit Card Emi Swyp
Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits
1 week, 4 days ago

Top 5 credit cards for international travel: How to avail low forex charges, hotel memberships and other benefits

Live Mint  

Credit cards: Are you all set for vacations as the year comes to a close? Joining fee: ₹12,500 SBI ELITE Credit Card The SBI ELITE Credit Card Foreign offers a currency mark-up charge of 1.99 per cent on international usage. Joining fee: ₹4,999 HDFC Regalia Gold Credit Card This credit card has a foreign currency markup charge of 2 per …

India International Credit Offers International Travel Credit Cards Card
Types of Debit Cards available in India: Complete details
1 week, 4 days ago

Types of Debit Cards available in India: Complete details

India TV News  

Debit Cards in India: Debit cards are crucial for bank account holders, offering various uses for transactions. MasterCard Debit Card: MasterCard debit cards are one of the most widely used electronic transaction cards worldwide, allowing you to access your savings or current account to make payments and withdraw cash from ATMs. MasterCard debit cards are one of the most widely …

India Payments Online Visa Current Account Card Cards
Hyderabad’s ₹5.66 crore ‘digital arrest’ scam shines spotlight on vulnerabilities in Indian banking
1 week, 4 days ago

Hyderabad’s ₹5.66 crore ‘digital arrest’ scam shines spotlight on vulnerabilities in Indian banking

The Hindu  

A 69-year-old mother of two from Hyderabad’s Basheerbagh lost a staggering ₹5.66 crore in a ‘digital arrest’ scam. Senior officers from various Indian banks, cybersecurity experts and law enforcement officials pointed to the lack of standardised systems to identify patterns of fraudulent transactions and called for overhaul in customer verification across banks. Director of Telangana Cyber Security Bureau Shikha Goel …

Indian Bank Scam Banks Account Customer Accounts
Zero Liability For Customers If Unauthorized Transactions Occur Without Their Fault: NCDRC Holds Union Bank Of India Liable For Deficiency In Service
1 week, 5 days ago

Zero Liability For Customers If Unauthorized Transactions Occur Without Their Fault: NCDRC Holds Union Bank Of India Liable For Deficiency In Service

Live Law  

The National Consumer Disputes Redressal Commission, presided by AVM J. Rajendra held Union Bank of India liable for deficiency in service owing to occurrence of unauthorized transactions. Contentions of the Bank The bank disputed the registered mobile number for the account and argued that the OTPs for the disputed transactions were sent to the complainant's registered number. Observations by the …

Bank Commission Number Transactions Union Bank Of India Unauthorized Complainant Filed
Record-breaking growth for nation's outdoor clothes market
1 week, 5 days ago

Record-breaking growth for nation's outdoor clothes market

China Daily  

A view of Nike's booth at a sports show in Shanghai in November. Amer Sports, a global group of iconic sports and outdoor brands such as Arc'teryx, Salomon, Wilson, Atomic and Peak Performance, reported a 56 percent year-on-year revenue increase in the Chinese market during the third quarter, reaching $313 million. Led by Arc'teryx, Amer Sports' portfolio of premium technical …

China Nike Shanghai Consumers Brands Outdoor Market