Financial Consultancy

पोस्ट ऑफिस मासिक आय योजना (POMIS) में निवेश देता है बेहतर रिटर्न, जाने उससे जुड़ी महत्वपूर्ण बातें

इंडिया पोस्ट वेबसाइट indiapost.gov.in के अनुसार, पोस्ट ऑफिस की मासिक आय योजना के तहत खाता खोलने के लिए, न्यूनतम 1,000 रुपये का निवेश करना होता है 1,000 रुपये से अधिक की किसी भी राशि का उपयोग खाता खोलने के लिए किया जा सकता है. व्यक्तिगत एकाउंट या सिंगल एकाउंट में निवेश के लिए 4.5 लाख …

पोस्ट ऑफिस मासिक आय योजना (POMIS) में निवेश देता है बेहतर रिटर्न, जाने उससे जुड़ी महत्वपूर्ण बातें Read More »

How to save Tax by making investment in Post Office Saving Schemes

Investment in some of these schemes qualify for income tax benefits under Section 80C of the Income Tax Act. The schemes that offer income tax benefits are Time Deposit (TD) Account, Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS) and National Savings Certificates (NSC). Using these post office saving schemes, an taxpayer can claim …

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Pre-Filled Tax Return- Available to Taxpayers to Improve Accuracy and Reduce Time to File a Tax Return

The Finance Minister said that pre-filled tax returns will be made available to taxpayers which will contain details of salary income, capital gains from securities, bank interests, and dividends etc. and tax deductions. Finance Minister said that Information regarding these incomes will be collected from the concerned sources such as Banks, Stock exchanges, mutual funds, …

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Key Highlights of Union Budget 2019-20:- Indian Budget 2019-20

1. Direct Taxation – Budget 2019 Highlights 1. Interest deduction on housing loan under Section 80EE:- Home Loan Interest on Self Occupied Property increased from Rs. 2 Lacs to Rs. 3.5 Lacs for loan taken upto 31st March 2020. The Finance Minister has  increased the deduction that can be claimed for interest paid on Home …

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Employee Provident Fund withdrawal taxable or tax-free?

Income tax rules on EPF withdrawal 1) If the employee has rendered continuous service for a period of five years or more, EPF withdrawal does not attract any tax liability. It is to be noted that for calculating the five-year time limit, services rendered with the previous employer is also included.  2) Even if the employee has not rendered …

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BUDGET 2019 – Startups, MSMEs seek faster invoice clearances, GST relaxation

Indian startups and MSMEs community has highlighted areas of challenges for them particularly those impacting their cash flows. Invoice Clearance Among the key recommendations made was the inclusion of government departments (central and state) and public sector units to pay MSMEs dues within 45 days of invoice generation. The government had last year issued notification …

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EY examine cashback fraud at Paytm Mall

Tech-driven system to prevent fraud E-commerce platform Paytm Mall has engaged consulting and audit major EY to investigate a cashback fraud involving some of its employees and merchants, according to sources. Some staff of the Alibaba-backed company allegedly worked with third-party vendors and created fake orders to siphon off cashback offers. According to sources close …

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RBI issues new Non performing Assets recognition norms

The central bank said lenders shall recognise incipient stress in loan accounts, immediately on default, by classifying such assets as special mention accounts (SMA). Since default with any lender is a lagging indicator of financial stress faced by the borrower, it is expected that the lenders initiate the process of implementing a resolution plan (RP) even before …

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Indian Startup Fundings Of This Week

FreshToHome: Bengaluru-based online marketplace for perishable goods FreshToHome raised $11 Mn in Series A funding round led by CE Ventures with participation from Das Capital, Kortschak Investments, TTCER Partners, Al-Nasser Holdings, M&S Partners, Al-Nasser Holdings & Abdul Azeez Al-Ghurair from UAE, PLB other Asia and Valley-based Investors.  Bira91: Delhi-based craft beer maker B9 Beverages, the parent company …

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