Note: PAN cardholders now have to pay Rs. 1,000 to link their PAN with Aadhaar and the last date to link PAN with Aadhaar is 30th June 2023. The Central Board of Direct Taxation (CBDT) has reiterated that Aadhaar-PAN linkage is mandatory for tax filing and the deadline for linking is the 30th June 2021. This follows…
As per various media reports, the revenue department is set to put a mechanism soon to ensure that all eligible tax refunds are issued within 24 hours of time frame. Revenue secretary Ajay Bhushan Pandey has shared with the media that within 2 years of time, the income tax department, will start processing income…
In order to facilitate the submission of Income Tax Returns (ITR) seamlessly, the Income Tax Department has allowed taxpayers to verify their tax returns online using aadhaar OTP. Alternatively, you can e-Verify your income tax return by generating and submitting an Electronic Verification Code (EVC). ITR Verification Methods Earlier, you had to send the ITR…
Credit cards have made payments easier, not only for individuals but also for small businesses and corporates. Almost all major credit card issuers are offering business credit cards. If you are a business owner, a credit card designed specifically for business expenses would be better than using a personal card that has benefits aligned to…
Axis AMC (Asset Management Company) has begun 2019 on a high note indeed! With a slew of funds outperforming their peers across multiple categories over the past couple of years, this fund house has seen a surge in investor interest and this seems all set to continue. While smart money does caution investors to diversify…
The tax benefits on Top-up loan include a deduction of up to Rs. 1.5 lakhs on the principal repayment under section 80C. However, if the property is sold within 5 years, the tax benefit will be overturned. The second benefit is a deduction up to Rs 2 lakhs on the interest paid under section 24 of the Income Tax Act in a financial year
Ever since credit cards made their way into our country, their demand and usage has seen several ups and downs. Even today, you can find a group of people who love to use credit cards and a group that is completely against it. So, what is the right path? Are credit cards good or bad?…
As per media reports, the Cabinet has approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda on 2nd January 2019. This merger will be effective from April 1st 2019. Once combined, Bank of Baroda will become second largest public sector bank of the country. The government has announced that there will…
