Within a day of RBI hiking the key lending rate, banks have started raising interest rates which will increase EMIs for auto, home and business loans. Some big lenders including SBI, ICICI Bank and HDFC Bank had increased their Marginal…
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The mouse that had quietly entered the Mumbai bull-ring more than two decades ago has taken about a quarter of a century to put the paper scrip finally out of business. About 2.3 per cent of India’s $2-trillionplus market capitalisation…
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I am a senior citizen and confused regarding filling of ITR 2. Is it mandatory for permanent NRI to fill schedule FSI, TR and FA in ITR 2? —P S Krishnan Schedule FSI and Schedule TR have to be filled if any foreign income…
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The finance ministry in a tweet has announced the extension of income tax return (ITR) filing deadline by a month to August 31, 2018. The tweet says “Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends…
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India continued to be the world’s top recipient of remittance from its diaspora, gathering $69 billion in 2017 – nearly 1.5 times India’s defence budget for 2018-19 – an increase of 9.5 percent from the previous year, according to World…
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For those who became tax payers recently, the deadline for filing one’s returns is July 31 for the financial year 2017-18 – which ended on March 31. The financial year is succeeded by its Assessment Year (AY). For FY 2017-18,…
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Most employers across the globe provide pension benefits to their employees. This may be on account of obligations imposed by statutory requirements or a voluntary employee welfare initiative. Pension plans can be private or government-subscribed plans with contributions by the…
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You are eligible to claim a tax deduction against annual value of a house property in respect of the interest paid by you on a home loan taken to purchase the land and construct a property thereon. Further, a tax…
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Most employers across the globe provide pension benefits to their employees.
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The Securities and Exchange Board of India (Sebi), in its circular of April 10, in the process of clarifying ‘Know Your Client’ (KYC) norms, denied non-resident Indian (NRI)/resident institutions from managing global funds under the Foreign Portfolio Investment (FPI) scheme…
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