Personal Loan

No Relief In ₹10l Tax Fine For Not Disclosing Foreign Assets [ad_1] Mumbai: Income tax authorities are increasingly issuing show-cause notices seeking explanations on foreign investments not disclosed in ‘schedule-FA’ in tax returns. A recent order of the Mumbai bench of the ITAT, which upheld a penalty of Rs 10 lakh under the Black Money Act for each year of ...

PPF interest sukanya samriddhi interest: Will PPF, Sukanya Samriddhi, SCSS interest rates be hiked for December quarter? [ad_1] Interest rates of various small savings are due for review by the end of this month, i.e., September 30, 2023. The Central Government has hiked the interest rates of several small savings schemes including Senior Citizen Savings Schemes (SCSS), National Savings Certificate ...

Has the last date to add nominee to mutual funds been extended? [ad_1] The requirement for nomination/opting out of nomination for all existing individual unit holders owning mutual fund units, either singly or jointly, before the deadline, or the folios will be frozen for debits, was specified by the Securities and Exchange Board of India (SEBI).The deadline to add nominee ...

How rising oil prices can impact Indian economy [ad_1] Crude oil prices have shot up since June…Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in the past year. Both Reuters and EIA have raised Brent forecasts. Reuters raised the Brent price forecast to $82.45/barrel for 2023 recently, up from its July ...

Banks don’t want you to overpay card dues [ad_1] (This story originally appeared in on Sep 15, 2023) MUMBAI: Banks are either not allowing credit card users to pay an amount more than their outstanding or refunding excess amounts due to concerns over money laundering and fraud. Most credit card users pay either their total outstanding or minimum dues every ...

telecom regulatory authority of india: It’s your right to get refund from telcos within 3 months if overcharged [ad_1] Telecom operators will have to refund any excess amount to consumers in case it is proved by an auditor that they have been overcharged. The telcos need to refund the amount within 3 months of the receipt of the audit observation, ...

Ensure Nomination To Tackle Unclaimed Deposits [ad_1] (This story originally appeared in on Sep 06, 2023) MUMBAI: Finance minister Nirmala Sitharaman has urged banks and capital market institutions to ensure all accounts have a nomination to address concerns over rising unclaimed deposits and investments due to death of individuals. The FM’s statement comes four months after she proposed a drive ...

Har Ghar Tiranga Campaign 2.0: Last date to order National Flag on e-Post Office portal [ad_1] The Government is organising Har Ghar Tiranga campaign between 13 to 15 August. According to the India post website, “Online sale/distribution of National Flag on e-Postoffice Portal will stop at 11:59 P.M on 12th August 2023.” After August 12, one will not be able ...

IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisions [ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI’s circular is a big step towards protecting the interests of existing policyholders. According to the Irdai circular dated September 1, ...

2 in 5 Indians yet to start retirement planning, 61% worry savings will deplete in 10 years: Survey [ad_1] The overall retirement preparedness has improved since last year, with the index rising from 44 to 47. ET Wealth analyses the third edition of the Max Life Insurance survey. Source: India Retirement Index Study 3.0. The survey was conducted by Max ...