CAMS brings to you the important happenings in the BFSI segment during this week. In this weekly roundup, we will attempt to cover key events, milestones, regulatory updates that have an impact on the BFSI sector in India.
The Income Tax Department has started a pilot project of using e-mails for sending notices, getting replies as well as carrying out tax assessments in an attempt to make sure taxpayers don’t have to visit I-T offices physically in smaller cases.
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The Reserve Bank of India expects its plans to set up a information technology subsidiary for checking cyber threats, to take shape in the next six to eight months, its Governor Raghuram G Rajan said on Friday. The subsidiary will have experts from the IT domain to check possible threats and also help the central bank to use technology in regulation and supervision, he said
Retirement fund body EPFO is hopeful of launching an online PF withdrawal facility by March end after the Supreme Court extended voluntary use of Aadhaar card to government schemes, including provident fund.
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