The due date for filing your ITR 31 st July 2023 is fast approaching and it is advisable to prepare well in advance so that filing of your ITR goes on correctly and smoothly. Let us discuss the groundwork which you should do before you actually sit down to file your ITR. Course of action […]
Aadhaar free update available till this date
If your Aadhaar had been issued 10 years ago and had never been updated, you can update and upload your Proof of Identity & Proof of Address documents online free of cost from 15 March – June 14, 2023 Free update should be done online at https://myaadhaar.uidai.gov.in and for update at CSC will be charges […]
RBI asks rating agencies details of cos hiding info used for credit assessment
The Reserve Bank of India (RBI) has asked credit rating firms to list the companies holding back information used to assess the credit-worthiness of a borrower Of the 40,000 companies rated in India, about half do not cooperate with credit rating agencies (CRAs). “RBI now wants to know how many such ratings are there, why have […]
Amazon Sale: Massive Discounts Await! Don’t Miss the Amazon Mobile Accessories Days
Get ready for the ultimate shopping spree as Amazon presents the highly anticipated Sale on Mobile Accessories. This exclusive event offers a golden opportunity to snag incredible deals on a wide range of mobile accessories. During this sale, Amazon is pulling out all the stops to bring you unbeatable discounts and savings on top-rated brands. […]
IIT Madras invites applications for BS Degree in Electronic Systems; JEE score not mandatory
The Indian Institute of Technology (IIT), Madras is inviting applications for first-ever off-camps BS Degree in Electronic Systems programme. The programme was launched recently. Interested students will be able to apply for this programme at the official website — study.iitm.ac.in/es/ Students have time till June 25 to apply for this BS degree programme. Anyone who […]
How tax on rental income works for NRIs?
How is income from house property taxed in India for NRIs or non-resident Indians? Are there any distinct regulations that NRIs must adhere to, and what is the procedure for calculating taxable income from house property for NRIs? There are no separate rules for taxation of house property in India for residents and non-residents. Taxation […]
HDFC Bank hikes these loan interest rates by up to 15 bps: EMIs to go up
HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 15 basis points. The new rates are effective from June 7, 2023, according to the HDFC Bank website. Latest MCLR The bank’s overnight MCLR is raised by 15 bps to 8.10%The one-month MCLR of HDFC Bank has increased by […]
NPS withdrawal rule set to change: Soon you can opt for periodic withdrawal instead of lump sum
National Pension System (NPS) subscribers are expected to get the Systematic Lumpsum Withdrawal (SLW) option by the end of this quarter, Deepak Mohanty, chairman of Pension Fund Regulatory and Development Authority (PFRDA), told ET Wealth. The Systematic Lumpsum Withdrawal feature will allow NPS subscribers to opt for periodic withdrawal — either monthly, quarterly, half-yearly, or […]
Banks can now issue RuPay pre-paid forex cards: RBI Governor
Reserve Bank of India (RBI) Shaktikanta Das on Thursday announced that banks can now issue RuPay pre-paid forex cards. With this, the RBI also announced to expand the scope of an e-rupee voucher. To let this happen, non-bank companies could issue such instruments independently. MPC announced to keep repo rate at 6.5%. Standing Deposit Facility […]
Google Pay now supports Aadhaar-based UPI activation
Google has collaborated with NCPI to enable Aadhaar based UPI activation on Google Pay. Google has partnered with the National Payments Corporation of India (NPCI) to enable Aadhaar-based authentication for UPI activation to further ease the user onboarding process on Google Pay. According to Unique Identification Authority of India (UIDAI), 99.99% of adults in India […]