NEW DELHI: The Central Board of Direct Taxes (CBDT) has amended the income tax rules to facilitate strategic disinvestment of public sector companies by expanding the scope of a tax exemption on shares received below fair market value, showed an official order. The Income-tax (Eighth Amendment) Rules, 2023 issued on Thursday is effective from 1 […]
WhatsApp Launches New Global Security Centre Page With 10 Indian Languages
Instant messaging application WhatsApp has launched a new global ‘Security Center’ page which will act as a one-stop window for users to learn more about how to protect themselves against spammers and any unwanted contacts. WhatsApp on Thursday said it has created this page to build awareness about the various safety measures and in-built product […]
How to block ads in Chrome browser
If you are tired of distracting pop-ups, unskippable YouTube advertisements, and flashing banners on every available inch of the internet, installing a simple ad-blocking extension can give you a cleaner experience. For users of the Google Chrome browser, there are several ad blocking extensions you can choose from. While a 100% ad-free experience is hard […]
PPF vs Sukanya Samriddhi Yojana: Which is better to invest?
All you need to know The Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are two tax-efficient government savings schemes that offer good interest rates. Both are suitable for creating a corpus over the long term, though SSY offers higher interest rates than PPF. Here’s how to choose between them. PPF vs Sukanya […]
Commercial gas cylinder prices slashed. Check latest rates
LPG Commercial Cylinder Price: The prices of liquefied petroleum gas (LPG) have been slashed by Rs 83.50. A 19 Kg commercial LPG cylinder now costs Rs 1,773 in Delhi, down from Rs 1,856.50 earlier. It is now priced at Rs 1,725 in Mumbai as against Rs 1808.50 earlier. After today’s reduction, the price of a […]
Income tax return filing: Is it wise to file an ITR despite not having any income tax liability?
There is confusion in the minds of many persons as regards who has to file an ITR. Few salaried as well as senior citizens receiving interest income carry an impression that as tax has already been deducted at source they do not have to file any ITR. This is not correct. The obligation to file […]
Mutual Funds: Kotak FMP Series 312, Baroda BNP Paribas Value Fund NFOs close today. Should you invest?
Mutual Fund investors around the world are constantly seeking opportunities to maximise returns while minimizing risks. ‘Don’t put all your eggs in one basket’ is perhaps the most popular adage in financial planning. Diversification is one popular investment vehicle that seeks to balance risk-return possibilities through diversification across multiple asset classes. Kotak and Baroda BNP […]
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war. This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI. […]
ITR filing: Online ITR2 form for FY2022-23 (AY 2023-24) available on income tax department’s e-filing portal
The income tax department has now enabled the online forms for ITR-2 after releasing ITR- 1, ITR-4 on May 20, 2023 As per the income tax website, “Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal”. The income tax department has released the ITR- 2 […]
Electricity bills set to rise further on higher import, transport costs
Electricity tariffs, which are inching up in some states, are expected to rise further in the year ahead as power producers pass on the costs of expensive imported coal and a longer route to transport coal. Following the coal crisis in September-October 2021 and April-May 2022, the Union power ministry earlier this year directed all […]