Last week, the Central Board of Indirect Taxes and Customs issued a warning regarding the issuance of fake GST summons by fraudsters. Taxpayers have been advised to exercise caution and verify the authenticity of any communication received from GST authorities. Fake GST Summon: Why In The News? In a statement, the CBIC said the Directorate […]
LIC Index Plus policy: Life Insurance Corporation introduces a new insurance-cum-savings plan. Ten key things to know
Life Insurance Corporation of India (LIC) has announced the launch of unit-linked, regular premium, individual life insurance plan Index Plus. The plan offers life insurance cover-cum-savings throughout the term of the policy, LIC said in a statement. “Guaranteed additions as a percentage of annualised premium shall be added to the unit fund on completion of […]
Want To Save Taxes On Income? Invest In NPS, Take A Home Loan
The word ‘income tax’ comes across almost every taxpayer’s mind at one time or another. However, the first thing that we think about is how to save maximum taxes on our income. As a salaried person, when an individual is at a high tax slab, he/she will need to pay a considerable amount of income […]
Income Tax: CBDT notifies ITR forms 1 to 6 for AY-2024-25. Details here
Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms well in advance for the Assessment Year 2024-25. The CBDT has notified Income-tax Return Forms (ITR Form) – 2, 3 and 5 for the Assessment Year 2024-25. Further, ITR Form-6 has also been notified. Earlier, ITR-1 and ITR-4 for the A.Y. 2024-25 were […]
Google Maps Now Uses Generative AI Power To Find You Places To Eat: Details Here
Google has been one of the pioneers in the generative AI space, alongside rivals like OpenAI and Meta. After losing the first-mover advantage to OpenAI’s ChatGPT, Google has been striving to establish a solid foundation by launching a myriad of generative AI tools—whether it be its chatbot, Bard, its Gemini Nano-powered Pixel features, or even […]
New IMPS Rules Coming Into Effect Tomorrow: Check How Sending Money Will Get Simpler
New Delhi: Sending money has become much simpler with the latest changes in online banking. Gone are the days when you had to visit a bank for such transactions. Now, a few clicks on your computer or mobile device can get the job done. The National Payments Corporation of India (NPCI) has introduced new rules […]
NPS: New Partial Withdrawal Rules Comes Into Effect From February 1, Check Eligibility
The Pension Fund Regulatory and Development Authority ( PFRDA) has issued new guidelines for partial withdrawals under the National Pension System (NPS). It will come into effect from February 1. The PFRDA circular released on January 12, stated that the subscribers of NPS can now make partial withdrawals for purposes such as higher education, marriage, […]
CISF 2024 Jobs Recruitment of 836 Assistant Sub Inspector
CISF 2024 Jobs Recruitment Notification.Central Industrial Security Force inviting applications for the positions of Assistant Sub Inspector.Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 20th February, 2024. No.of Posts and Vacancies :- Assistant Sub Inspector (Executive): 836 Posts Qualification: Graduation from any recognized University Salary Details: […]
PPF Account: Features, Interest Rate, Withdrawal; Key Things You Need To Know
The public provident fund (PPF) is one of the fixed-income financial instruments. Guaranteed by the government, the returns on the PPF depend upon the market performance, while some offer fixed returns. Some are open-ended with no lock-in period, some have a lock-in period. PPF comes under small savings schemes, of which the interest rates are […]
India’s Net Direct Tax Collections Jump 160.5% In 10 Years; Tax Mop-Up At Rs 16.6 Lakh Crore In FY23
India’s net direct tax collections jumped 160.52 per cent to Rs 16,63,686 crore in 10 years between financial years 2022-23 and 2013-14. The country’s net direct tax collections had stood at Rs 6,38,596 crore in the financial year 2013-14. “Gross direct tax collections of Rs 19,72,248 crore in FY 2022-23 have registered an increase of […]