Keep yourself updated with the latest financial news and updates.
Posted On : 28-Jun-2022
Reference : Money Control
It’s a Conveyance Deed executed to transfer the ownership of land and the building structure from the developer-builder to a co-operative society or a similar organization, when the developer-builder refuses to do so.
Posted On : 28-Jun-2022
Reference : ET Wealth
The Central Board of Direct Taxes has issued a circular explaining the guidelines about how TDS will work on crypto, virtual digital assets (VDAs) and NFTs (as notified by the government). Read on to know what TDS certificate will be issued and how much tax will be deducted on the sale of VDAs.
Posted On : 28-Jun-2022
Reference : ET Wealth
Many NRIs prefer to sell their properties through a Power of Attorney (PoA) by assigning a person to do the property registration formalities on their behalf. As a buyer, if you are planning to buy a property from an NRI through POA, you should be mindful of certain risks involved as rules and regulations governing such transactions are a bit complicated.
Posted On : 26-Jun-2022
Reference : ET Wealth
Form 16 is one of the essential documents required to file an income tax return (ITR). The TDS certificate (Form 16) has two parts and both parts must bear the TRACES logo. One must note that at present ITR forms come with a lot of the information pre-filled. This makes it all the more important to check the information furnished in the TDS certificate.
Posted On : 26-Jun-2022
Reference : Livemint
To claim an exemption under Section 54F, the sale consideration has to be invested to buy a residential house within two years from the sale of the mutual fund investments
Posted On : 13-Jun-2022
Reference : ET Wealth
Governed under the Contract Act and read with the Power of Attorney Act,1882, a PoA is a legal document through which a person nominates another person to act on his behalf.
Posted On : 13-Jun-2022
Reference : Money Control
An increase in the e-mandate limit will help users leverage benefits available under the framework to a greater extent and enhance customer convenience.
Posted On : 13-Jun-2022
Reference : ET Wealth
Jeetendra Pathak, a LIC agent, had borrowed money from his office. After his father died, his daughter began receiving legal papers asking to repay his debt. Here's what happens to a borrower's debt after he or she passes away, as well as the major legal heirs' penalties if the borrower has an outstanding loan.
Posted On : 10-Jun-2022
Reference : Money Control
Considering the importance of cooperative banks in promoting inclusive growth, the Reserve Bank of India announced three measures for the cooperative banking sector.
Posted On : 10-Jun-2022
Reference : Money Control
Employees contributing over Rs 2.5 lakh to their EPF account will feel the pinch of tax on interest on the excess amount this year, as the rules will be implemented when EPFO credits interest for FY 2021-22.
Posted On : 09-Jun-2022
Reference : Money Control
First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.
Posted On : 09-Jun-2022
Reference : DNAindia.com
A 17-year-old who lost her parents to the Covid-19 pandemic has been burdened with repaying a load worth Rs 29 lakh to the insurance company LIC.
Posted On : 09-Jun-2022
Reference : Zeebiz.com
It is often seen that many people do not realize the importance of having a health insurance policy.
Posted On : 09-Jun-2022
Reference : Financial Express
The MWP Act is a provision that protects insurance money from creditors, banks and government agencies.
Posted On : 09-Jun-2022
Reference : Business League
New rules for closure of credit cards: If a credit card holder wants to get his card closed and the bank does not take action on it within seven days, then banks will have to pay Rs 500 per day to the credit card holders.
