Recurring Deposit Tax Exemption: I have a monthly recurring deposit of Rs 20,000. Will I have to pay income tax annually? – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-have-a-monthly-recurring-deposit-of-rs-20000-will-i-have-to-pay-income-tax-annually/articleshow/84757434.cmsSynopsis There is an option available to offer interest income for tax on accrual basis or receipt basis, at the discretion of the assessee.

Nearly Rs 49,000 crore lying unclaimed with banks, insurers: Karad – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nearly-rs-49000-crore-lying-unclaimed-with-banks-insurers-karad/articleshow/84791075.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Giving the details in a written reply, the minister said as per information received from the Reserve Bank of India (RBI), the total

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