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Credit card payment via apps to hit a hurdle after July 1
BBPS is an RBI initiative and is run by National Payments Corporation of India. It serves as a one-stop ecosystem for all types of bill payments.
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Banks want bigger tax breaks on interest
As the demand for loans is increasing rapidly in the country, there is no corresponding increase in deposits. This is causing difficulties for banks i
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Direct tax collections grow 21%
Tax collections have risen mainly on robust advance tax mopup
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Small taxpayers may get some relief
To boost consumption, income tax rates could be reduced. The aim is to benefit lower income groups, whether salaried individuals or small business own
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Filing season begins, check all forms before filing ITRs
If you are a salaried individual, it's beneficial to wait a little before filing your returns as updated AIS and 26AS would be uploaded on the site
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Moonlighting comes under taxman’s glare
Doing additional work and earning is good for financial position but it also needs to be disclosed as income in the ITR
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Advance tax: When is it due, how much needs to be paid?
Income tax for the year you're earning, needs to be paid in the next financial year, while advance tax needs to be paid during the earning financial y
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Changed jobs? Reconcile Form 16 before ITR filing
When changing jobs in a financial year, employees should share salary details from the previous company to the new company using Form 12B
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Spend carefully through credit card, stave off I-T notice
Credit cards are a useful for ease of shopping but any extravagant spending beyond your means can end up with a inco
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Link your Aadhaar-PAN before it’s too late!
If you haven't linked your PAN with Aadhaar by the deadline of June 2023, then your PAN would have become inactive. But you can still file returns.
