Clipped from: https://www.financialexpress.com/money/real-returns-from-fds-remain-in-the-red-savers-reliant-on-bank-deposits-continue-to-lose/2226806/ The government may have reversed its decision to lower rates of small savings schemes, but savers who rely on bank deposits continue to
Month: April 2021
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Your health insurance premium can help you save big on tax; here’s a complete guide to Section 80D income tax deductions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/health-insurance/your-health-insurance-premium-can-help-you-save-big-on-tax-heres-a-complete-guide-to-section-80d-income-tax-deductions/articleshow/81633530.cmsSynopsis Bajaj Allianz is determined to make sure that you get your money’s worth at every stage. This convenience gets a further boost with
ITR filing: 2-5% TDS on small savings if ITR not filed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/2-5-tds-on-small-savings-if-itr-not-filed/articleshow/81884632.cmsSynopsis Tax experts say this will ensure that tax-free options such as the PPF and other Post Office schemes are not misused by non-filers.
Commercial real estate developers urge govt to not levy 18% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-real-estate-developers-urge-govt-to-not-levy-18-gst/articleshow/81849597.cmsSynopsis Instead of outright purchase of land, developers are now looking to enter into a joint development agreement where both landowner and developer share
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-when-to-levy-gst-on-gift-vouchers-and-gift-cards-finally-gets-cleared/articleshow/81906915.cmsSynopsis Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased
bad loans: RBI may set up task force soon: Rules for ARCs likely to be reviewed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rules-for-arcs-likely-to-be-reviewed/articleshow/81904479.cmsSynopsis The move could involve examining proposals like weaving the role of ARCs in the insolvency and bankruptcy code, letting them join hands with
income tax returns | capital gains: Checking tax evasion: Taxman to access capital gains data directly from FY22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/taxman-to-access-capital-gains-data-directly-from-fy22/articleshow/81907295.cmsSynopsis A notification issued by the I-T department on March 12 has included stock exchanges, depositories, clearing corporations and registrars to an issue and
Avoid tax credit mismatch in income-tax return request: Experts | Business Standard News
lipped from: https://www.business-standard.com/article/pf/avoid-tax-credit-mismatch-in-income-tax-return-request-experts-121030300038_1.html In case of an error, file a revised TDS return under Section 154(1) Tax credit is the tax deposited in the government’s treasury
Budget proposals will ease taxpayers’ burden from April 1, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/budget-proposals-will-ease-taxpayers-burden-from-april-1-say-experts-121031800045_1.html But changes like taxation of EPF contributions above Rs 2.5 lakh will pinch the wallet Archit Gupta, chief executive officer (CEO) of Cleartax,
New ITR forms aligned with changes in Finance Act: Check details here | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-itr-forms-aligned-with-changes-in-finance-act-check-details-here-121040500017_1.html Presumptive taxation provisions allow companies below a threshold to not keep detailed accounts of books. Rules were amended to not allow these assesses
IndusInd Bank: With the balance sheet stabilising, focus shifts to growth | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indusind-bank-with-the-balance-sheet-stabilizing-focus-shifts-to-growth-121040400807_1.html Street’s apprehension on asset quality and ability to regain footing on deposits has been arrested Provisions as a proportion of total loans stood
How much longer can the rupee stay strong? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/how-much-longer-can-the-rupee-stay-strong/2226596/ Over the past year, the rupee has already strengthened by around 4% against the dollar, while most emerging market currencies have been broadly
Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Google Is Restricting Apps From Seeing All Installed Apps For Privacy–business today
Clipped from: https://www.businesstoday.in/technology/google-is-restricting-apps-from-seeing-all-installed-apps-for-privacy/story/435675.html Google will now restrict Android apps from being able to see which all apps are installed on a smartphone. Highlights Google has announced
PSBs may have to bear burden of Rs 2,000 cr following SC judgement on interest waiver–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/psbs-may-have-to-bear-burden-of-rs-2000-cr-following-sc-judgement-on-interest-waiver/story/435681.html The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound
50% of SBI Card transaction from online payments, says CEO–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/50-percent-of-sbi-card-transaction-from-online-payments-says-ceo/story/435684.html Particularly within SBI Card, now, more than 53 per cent of the spends actually come from online payments which used to be around
53 crore phone numbers of Facebook users including India leaked, key details here
Clipped from: https://www.businesstoday.in/technology/53-crore-phone-numbers-of-facebook-users-including-india-leaked-key-details-here/story/435669.html Leaked data from 53.3 crores Facebook users across the world was posted online. Cybersecurity experts believe the leaked information may be used for
Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-sanctions-rs-25586-cr-to-1-14-lakh-stand-up-india-accounts-in-5-years/articleshow/81900372.cmsSynopsis Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe
CBDT allows tax audit report revision in case of disallowance recalculation, notifies rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/cbdt-allows-tax-audit-report-revision-in-case-of-disallowance-recalculation-notifies-rules/articleshow/81871912.cmsSynopsis Section 40 refers to amounts that are not deductible while computing income chargeable under profits and gains of business or profession, while Section
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