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NPS Scheme: High Return, Income Tax Savings, Top 5 Benefits
National Pension Scheme: It is essential to start planning for the retirement as soon as possible. The National Pension System (NPS) comes into picture in this situation. With the exception of armed forces personnel, the NPS is available to all employees in the public, private, and unorganized sectors. Members to the NPS scheme can make a minimum […]
Read moreSukanya Samriddhi Yojana Details – Question and Answers
Parents who want to save money for their daughter’s future might take advantage of the Sukanya Samriddhi Yojana (SSY). One of the major benefits of saving in this plan is that you can transfer your Sukanya Samriddhi Yojana account from one bank to another or to a post office based on your requirements and preferences. […]
Read moreATM withdrawals, debit and credit card fees to increase from next month
Withdrawing cash from automated teller machines (ATM) may become more expensive in the coming days. The interchange fee structure for ATM transactions will be increased by the banks from next month. The Reserve Bank of India has approved an increase in the interchange fee, which will take effect on August 1, 2021. Because of the growing cost of […]
Read more40,000 CA students opted-out of July 2021 exams: ICAI President
An official of Institute of Chartered Accountants of India (ICAI) revealed that over 3.3 lakh candidates appeared for the July term of the CA exams, despite the danger of Covid-19 and concerns about its impact. “Roughly about 40,000 students out of registered 3.7 lakh students had opted-out on the ground of Covid-19. About 3.3 lakh […]
Read moreGSTN: New functionality on Annual Aggregate Turnover deployed on GST Portal
GSTN has implemented a new functionality on taxpayers’ dashboards on GST Portal with the following features: The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. The taxpayers can also see the Aggregate Turnover of the current […]
Read morePapad is papad, irrespective of size and shape : Gujarat AAR
Gujarat AAR: Papad appears to be the flavor of the season for Gujarat’s Authority of Advance Rulings (GAAR), whose recent judgment said that this wafer-like product is exempt from GST even if its shape and size changes. With this, GAAR has resolved at least four applications regarding the applicability of GST on papad /unfried-fryums. In […]
Read moreCA exam : ICAI announced 1 more attempt for students affected by floods
CA exam: Institute of Chartered Accountant of India (ICAI) has announced one more attempt for CA students affected by floods in the places of Flood affected area for CA Foundation Exams July 2021. ICAI has been informed about the adverse weather conditions in the cities of Ichalkaranji, Kolhapur, Ratnagiri, Sangli and Satara. Due to exceptional natural […]
Read moreFAQ’s on SEBI (LODR) Amendments dated 5th May, 2021
SEBI: Securities and Exchange Board of India (SEBI) vide notification / Circular dated 05thMay, 2021, has introduced amendments to SEBI (LODR) Regulations, 2015 and published “Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021”. New Provision (effective immediately unless otherwise prescribed) Link of the SEBI circular: Click Here Listed […]
Read moreIncome Tax on sale of listed shares in short term : Capital gain
Short term capital gain is applicable on capital gain on sale of shares within the range from 1 day to 12 months. Income Tax Rate for sale of listed stocks/ equity under short term is 15% of the profit if the transactions (buy/ sells) are executed on recognized stock exchanges where STT (Security transaction tax) […]
Read moreIncome Tax dept asks cryptocurrency exchanges for info on crypto trades
The Income Tax Department new action is on cryptocurrencies investors. It will surely increase the concerns of investors in India at this time when most cryptocurrency have lost value owing to ongoing decline. To tax the profits generated during the bull run, the income tax department has requested trading information from all crypto exchanges in […]
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