Meta owned WhatsApp is potentially subject to a fine of up to 4 million roubles (equivalent to ₹41,42,586) as Russia has accused the messaging service of not removing prohibited content. According to a Moscow court, as reported by state-owned news agency RIA on Friday, WhatsApp is being held accountable for its alleged failure to delete […]
PPF account: Why you should not invest in public provident fund? Top 5 reasons
PPF account: Public Provident Fund (PPF) is a popular long-term savings scheme in India. At present, it offers a 7.1% interest rate effective 1 April 2023. Like every other savings scheme, PPF also has some disadvantages that you should consider before investing. Top 5 reasons not to invest in PPF 1)Lower than the EPF interest […]
E-filing of income tax return form 2 for FY2022-23 (AY 2023-24) available via offline method
The income tax department has released the ITR- 2 offline form for filing income tax return (ITR) for FY 2022-23 (AY 2023-24). Last month, the CBDT notified the offline forms of ITR-1 and ITR- 4. Do note that the tax department is yet to enable the online ITR forms, as for now it has released […]
RCFL 2023 Jobs Recruitment Notification of Asst Officer Posts
Rashtriya Chemicals & Fertilizers Limited 2023 Jobs Recruitment Notification. RCFL inviting applications for the positions of Assistant Officer. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 05th June, 2023. No.of Posts and Vacancies :- Assistant Officer – 07 Posts Job Location – Mumbai Education Qualification : Note […]
UIDAI brings new feature to verify mobile number and email
This new UIDAI feature can be accessed via website or mAadhaar app. UIDAI or Unique Identification Authority of India has introduced a new feature wherein Indian residents can verify their email and mobile number linked to their Aadhaar. The ‘Verify Email/ Mobile’ feature is available on the mAadhaar app as well as UIDAI online portal. […]
20% tax on credit card spend during overseas travel
New Delhi: Starting 1 July, a 20% tax collected at source (TCS) will be levied on overseas credit card expenses of Indians, barring such expenditure on education or medical treatment-related visits, which will be subject to a lower rate, the finance ministry clarified on amendments to the foreign exchange management rules issued earlier this week. […]
New rule for international credit card users: 20% TCS, LRS limits, and other details explained
New rule for international credit card users: Spending in foreign exchange through international credit cards will be covered under the RBI’s liberalised remittance scheme (LRS). On May 16, the Finance Ministry notified the amended rules under the Foreign Exchange Management Act (FEMA), which has brought credit card spending outside India under the LRS. Earlier, the usage […]
Meta Set to Face Record EU Privacy Fine Related to Data Transfer of Facebook Users
Meta Platforms is set to face a record European Union privacy fine related to data transfer of Facebook’s EU users to US servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said. The penalty will be higher than the previous record EUR 746 million (nearly […]
Nearly Half of WhatsApp Users Receiving Spam Calls, Mostly from International No.: Survey
WhatsApp users in India have recently taken to social media to report spam audio and video calls from international numbers, which offer easy-do-do jobs such as clicking likes on YouTube. Union minister of state for IT Rajeev Chandrasekhar had reported to have sent a notice to WhatsApp regarding the unsolicited calls and messages. In its […]
TDS is applicable on interest earned from Mahila Samman Savings Scheme: CBDT
The Central Board of Direct Taxes (CBDT) has issued a notification clarifying that TDS will be applicable to the interest earned on the Mahila Samman Savings Scheme. As per the new notification, tax will be deducted on the interest earned from the Mahila Samman Savings Scheme under Section 194A of the Income Tax Act, 1961. […]