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FAQs on Bitcoins - Their Taxation and other related issues 1. What are Crypto Currencies? Crypto Currencies are decentralized virtual or digital currencies which are neither issued by any Central Bank nor are backed up by any Government. These currencies are quite popular because they provide secure and anonymous way of remittance of money and entering into a transaction. In other words, these currencies are as good as fiat currencies (i.e., legal tenders issued by the Govt. of any Country) and are acceptable as a mode of payment by some entities. By September 2017, over a thousand crypto currencies were found to exist. 2. What is a Bitcoin? Bitcoin is a type of Crypto Currency that was created in 2009 by an unknown person using the alias, Satoshi Nakamoto. New Bitcoins are generated by a competitive and decentralized process called as 'Mining'. In this mining process, individuals process the transactions and secure the network by using specialized hardware and in exchange they

NPS Communication Please refer to various communication on National Pension System (NPS) from HR and India Payroll.  While the complete details are available on Allsec page, we would like to provide high level details of the Scheme.     ·           About Scheme & Key Parameters   -       National Pension System (NPS)  is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement amongst the citizens.  It is an attempt towards finding a sustainable solution to the problem of providing adequate retirement income to every citizen of India.   -       Governing Body of NPS is PFRDA  ( The Pension Fund Regulatory and Development Authority) and is a pension regulator which was established by Government of India on August 23, 2003; PFRDA comes under Ministry of Finance, Department of Financial Se