The finmin has extended the tax filing to Dec 31st. But, does this help the tax payers. NO . Instead, it penalises them. The IT portal glitches are far from being resolved. Until the issues are resolved, most will not be able to file their returns. There are tax payers who have paid the tax and there are those who are ready to pay the tax, and file the returns. But, until the returns are filed, which is dependent on the IT portal, the tax payer has to pay 1% interest. Instead of penalizing the company that is developing the portal, the govt is penalizing genuine tax paying citizens. What logic is this? more
Wrong to have prima facie made a replacement of a perfectly working site, with a new one. No logic, butt only politics seems the reason. Secondly, due process requires that 3 vendors should have been shortlisted for providing solution as is the case when government is customer. Government has the advantage being a monopsony customer, and easily the best vendor, even if Infosys, would have competed doing a more thorough job. Of course this process could take more time. more
Experience with GST portal that was started as Greenfield project should have had a sobering effect on the government when portal is still being iteratively made efficient ought to have shown the government when trying tinkering with a brownfield one that has so well matured in capability over a decade. Government's only trying reinventing what was made by her predecessor and already worked perfectly, as the best in the world! What could be government's motivation to supercede predecessor's legacy digital system with a new one! Government must answer. more
But this is really sad that Infosys is not able to resolve this problem for such a long time. Govt can take help of other IT Giants in India or Abroad. more
Sri. Raghavan T., it does not matter if Infosys is tax-expert or not. If Infosys had the business requirements from Tax experts, it is upon Infosys to arrange all types of tests (unit test, system test, User tests, etc.) before releasing. But, of course, if the business requirements are anemic, or non-existent, then it is upon the Tax Business group. It could have been that IT Dept. twisted Infosys' arm to get it implemented without proper testing. Even then, it is upon Infosys to have resisted and not deployed flawed software. At that point, it is political and not logical. more
Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can ma...
The RBI has directed Kotak Mahindra Bank to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credi...
Please read and share the post link with all your WhatsApp groups friends. Especially senior citizens and teenagers 1) Urgency for Medical or Police Cases Parents receive a ca...
Last week it was reported in media that nestle has been adding sugar in baby formulae which likely led to many of these babies liking sugar and needing sugar as the grew into toddlers and then even...
Due to India's increasing debt, you will pay higher taxes. Our debt:- 2014: 54 lakh crore 2023: 205 lakh crore People are doing politics around this data. But, he...
Are you paying rent in cash? My friend Rajiv did the same last financial year. (And was shocked) He paid Rs.20,000 as rent every month. Half in cash, half via online transfer....
Your efforts LC Manager on creating awareness about instant loan extortion and malpractices is working RBI finally says all personal loans will, from Oct 2024, need to carry a Key Financ...
VIP culture is still a major issue in india. The latest move of no free pass for VIPs at tolls is a good move and instead they claim reimbursement makes sense. But what is being done abo...
A month or two back the Hindu newspaper had reported the LocalCircles survey on plight of travellers with airline baggage handling. On google of baggage survey LocalCircles I found the circle repor...
Commerce ministry of India has issues advisory to all e-commerce websites to remove all drinks/beverages, including bournvita, from the category of health drinks on their platforms. Attached. ...