Budget 2024 highlights: Key income tax, personal finance announcements [ad_1] Union Finance Minister Nirmala Sitharaman presented the interim Budget 2024 on Thursday, February 1, 2024. This is not a full Budget, but only a vote on account. Even though this is an interim budget, there were great expectations from the FM. Let us take a look at the most important ...

Older petty tax demands to be waived [ad_1] The government has extended an olive branch to taxpayers who are still dealing with petty tax demands related to previous years. It has proposed to withdraw all direct tax demands up to Rs.25,000 pertaining to any year until 2009-10 and up to Rs. 10,000 for the years 2010-11 to 2014-15. This is ...

RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29 ‘Persistent non-compliance’ by company, says order barring it from credit transactions or top-ups in customer accounts

Ugro Capital raises Rs 250 crore in debt from Asian Development Bank MSME-focused non-banking lender Ugro Capital on Wednesday said it has raised Rs 250 crore in debt from the Asian Development Bank (ADB). The funding from the developmental lender through subscribing to its non-convertible debentures will be used for on-lending. The company had raised a similar amount of debt ...

Private sector banks' Casa deposits ratio see sharper drop than PSBs The overall Casa ratio of the Indian banking system declined to 40.1 per cent from 42.8 per cent during the same period

Daughter wins health insurance claim fight against LIC after 8 years, to get Rs 1.6 lakh as against Rs 17,100 paid by the insurer [ad_1] The Life Insurance Corporation of India (LIC) was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1,60,812 after an 8-year-long battle with a ‘Jeevan Arogya’ insurance policy holder. LIC Jeevan Arogya ...

Rupee expected to weaken as odds of Fed rate cut in March diminish The rupee’s intraday range in the last four sessions has been just 2 to 6 paisa

RBI Deputy Governor urges for stringent governance standards in UCBs He added that it is essential for the director to understand the bank’s financial statements as it is important for laying down underwriting standards and assessing credit proposals

Budget 2024 expectations: 15 expectations of individual taxpayers this Budget [ad_1] Finance Minister Nirmala Sitharaman is scheduled to announce the Interim Budget 2024 on February 1, 2024. Different sectors in India have put forth their needs and demands. Here are 15 important things in the wish list of the common man regarding income tax. 1 Simplify capital gains taxation As ...

Budget 2024 could expand AIS to include 6 more incomes of individuals [ad_1] The government introduced the Annual Information Statement (AIS) in Budget 2021. The objective is to make it easier for individual taxpayers to check their financial information at one place and match it with what they are filling in their income tax return. The statement gives an overall ...