In order to promote cashless or less cash economy many efforts are done by our Prime Minister and Finance Ministry. Recently, our Finance Minister ArunJately announced the huge tax benefit that can be availed by the small traders, businessman, workshops, etc.Under the existing Section 44AD of the Income-Tax Act, 1961, an individual, HUF or a … Continue reading Pay Lesser Tax with Use of Digital Payments
Tag Archives: finance
Stepwise guidance on Application of BHIM App
The Bharat Interface for Money (BHIM) is a simplified payment platform designed to make Unified Payment Interface (UPI) and USSD payment modes simpler and usable across feature phones and smart phones. Developed by National Payment Corporation of India (NPCI), BHIM is supported by host of banks, including State Bank of India, ICICI Bank, Axis … Continue reading Stepwise guidance on Application of BHIM App
Modi’s new stroke with Chota BHIM
In keeping with his push to steer India towards a digital economy, Prime Minister Narendra Modi on Friday,30th December 2016 launched a new e-wallet app, BHIM (Bharat Interface For Money) based on the Unified Payments Interface (UPI) named after Dr. Bhim Rao Ambedkar, to make it easier to transact online. The Aadhaar-based mobile payment application … Continue reading Modi’s new stroke with Chota BHIM