https://www.business-standard.com/finance/news/home-loan-borrowers-can-switch-to-fixed-rate-during-reset-says-rbi-123081800748_1.html RBI guidelines bar penal interest rates on loans, negative amortisation Among retail products, it’s mostly home loans where the interest rate is floating. Banks
Month: August 2023
The rapid evolution of AI in health care, resembling science fiction scenarios, presents new transformative potential and challenges
The year 2054 serves as the backdrop for Steven Spielberg’s 2002 film Minority Report. It featured a bespoke eye-surgery robot controlled by a backstreet surgeon using
👍Laptop can be quite a potent source of leakage: Goyal on import restriction
https://www.business-standard.com/economy/news/laptop-can-be-quite-a-potent-source-of-leakage-goyal-on-import-restriction-123081700910_1.html Union minister of commerce and industry Piyush Goyal on Thursday said that there are security concerns involved in the decision to restrict import of
👍GST reward scheme on anvil; customers can participate in lucky draw
https://www.business-standard.com/finance/news/gst-reward-scheme-on-anvil-customers-can-participate-in-lucky-draw-123082000163_1.html Individuals may soon get rewarded for uploading GST invoice on a mobile app as the government is likely to launch the long awaited ‘Mera
Does Brics exist only because a good acronym cannot be allowed to die?
https://www.business-standard.com/opinion/columns/does-brics-exist-only-because-a-good-acronym-cannot-be-allowed-to-die-123081800644_1.html There is nothing like a good acronym to give currency to a dodgy idea, and so it has been with Brics. Coined by economists
👍Received Income Tax Refund or intimation? You can still file revised ITR to rectify mistakes – Know how
https://www.financialexpress.com/money/received-income-tax-refund-or-intimation-you-can-still-file-revised-itr-to-rectify-mistakes-know-how/3215505/ The deadline to fill out original income tax returns (ITR) concluded on July 31. While it is crucial to submit your ITR on time,
👍Income Tax; Income from gift by relative taxable in hands of receiver
https://www.financialexpress.com/money/your-queries-income-tax-income-from-gift-by-relative-taxable-in-hands-of-receiver/3215271/ By Chirag Nangia —Mangalaprasad Patnaik There are no provisions for deductions / exemptions for the person giving a gift to mother and sister as
👍👍👍👍👍👍👍Safeguard yourself against massive vet bills with pet insurance policy
https://www.business-standard.com/finance/personal-finance/safeguard-yourself-against-hefty-vet-bills-with-pet-insurance-policy-123081800672_1.html f you’ve added a dog or a cat to your family, the thought of buying pet insurance must have surely crossed your mind, especially
Fair lending practice. Penal charges should not be used as revenue enhancement tool: RBI to banks, NBFCs
https://www.thehindubusinessline.com/money-and-banking/rbi-issues-fresh-instructions-on-penal-charges-in-loan-accounts/article67208546.ece The Reserve Bank of India has issued fresh guidelines for lenders on penal charges in loan accounts to ensure that penal interest/ charges is not used
👍China is slowing. What does it mean for India?
https://www.thehindubusinessline.com/blexplainer/china-is-slowing-what-does-it-mean-for-india/article67209252.ece Chinese investors and households are cutting back on spending, leading to a deflationary situation | Photo Credit: THOMAS PETER What are the latest numbers
Tax benefit–Income Tax Dept revises rent-free accommodation valuation, boosting take-home salaries for employees
https://www.thehindubusinessline.com/economy/policy/income-tax-department-revises-rent-free-accommodation-valuation-boosting-take-home-salaries-for-employees/article67211121.ece Income Tax Department’s revised rules on rent-free accommodation valuation will increase take-home salaries, benefiting employees. Employees enjoying rent-free accommodation will now have higher takeaway
👍Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure
Read More: https://www.taxscan.in/income-shall-be-determined-on-net-profit-even-though-society-is-not-registered-u-s-12a-of-income-tax-act-itat-allows-deduction-of-expenditure/311220/ The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) allowed deduction of expenditure and held that the income shall be determined on net profit even though
E-commerce policy almost final, with clarity now on data localisation rules
https://www.thehindubusinessline.com/economy/e-commerce-policy-almost-final-with-clarity-now-on-data-localisation-rules/article67210475.ece Both the Department for Promotion of Industry and Internal Trade (DPIIT) and the Department of Consumer Affairs will have their own roles in the
👍Govt notifies GST laws for uniform tax on online gaming, casinos, and horse racing
https://www.thehindubusinessline.com/economy/policy/govt-notifies-gst-laws-for-uniform-tax-on-online-gaming-casinos-and-rorse-racing/article67211136.ece Government amends GST laws to implement 28% tax rate on real money online gaming, casinos, and horse racing. The Government has notified GST laws
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