New Delhi: The government today proposed to lower cap for cash transactions to Rs 2 lakh from April 1, make biometric identifier Aadhaar mandatory for filing tax returns and allow cheque only contributions to electoral trusts as part of the tirade against blackmoney. Finance Minister Arun Jaitley moved an "unprecedented" 40 amendments to his seven-week old Finance Bill 2017, which…

The funds transferred from a recognised provident fund (PF) account to a National Pension System (NPS) account will not attract any tax, Pension Fund Regulatory and Development Authority (PFRDA) said in a circular dated March 6. Here are 10 things to know: 1) The person who wants to transfer his PF fund should have an active NPS Tier 1 account.…

The Department of Justice has sought 60 days to respond to a case, which challenges a 2015 decision allowing H-4 visa holders to work in the country. Fears are running high among H-1B visa holders and their spouses in the United States after the government sought two months’ time to respond to a court case that challenges the work permit…

According to the latest New World Wealth report, India's financial capital here is home to 46,000 millionaires and 28 billionaires, and is followed in terms of wealth by Delhi in second place and Bengaluru in third place.  Delhi is home to 23,000 millionaires and 18 billionaires with total wealth of $450 billion, while Bengaluru has 7,700 millionaires and 8 billionaires…