News and Updates

Cash Transaction Rules, Limit & Penalty – Under the Income Tax Act

In the Indian economy, cash transactions have always played a major role and serve as a consistent reason for the accumulation of black money. The Government has recently initiated various measures to curb cash transactions and boost digital payments. In this article, we look at the cash transaction limit under the Income Tax Act along with the penalty for transacting in cash over and above the specified threshold.

Income Tax Rule Change: Tripple Tax Benefits on NPS; Know How it Works, Who Can Claim

Income Tax: Planning to invest in NPS? You can get huge tax benefits for your contributions towards the pension funds. Know new rules and who are eligible.

How does 'interest only home loan' work; should you opt for it?

Sunny Leone alleges her PAN card used for loan fraud, says credit score hit

Sunny Leone tagged Indiabulls Securities Limited (Dhani Stocks was Indiabulls Securities previously), and Indiabulls Home Loans in her tweet.

TDS on rent payment, property sale: Budget hikes penalty on delay in TDS certificate to Rs 500 per day

A buyer of immovable property is required to deduct tax at the rate of 1% of the sale value and furnish the challan-cum-statement in Form No. 26QB to deposit the TDS amount with the government. From the due date of depositing the TDS amount, he/she is required to issue TDS certificate i.e., Form 16B within 15 days. If the TDS certificate is not issued within 15 days, then he/she will be liable to pay a penalty of Rs 500 per day from FY 2022-23 onwards, as per the proposals.

Mumbai crime: Malad project builder booked for duping buyers of Rs 13.5 crore

Complainant, whose family has booked six flats at Atharva Landmark, says two of their apartments have been sold to other people; builder blames partner.

Daughters To Inherit Father's Self-Acquired Property If No Will: Supreme Court

The bench was dealing with the legal issue concerning the right of the daughter to inherit the self-acquired property of her father, in the absence of any other legal heir.

An easy guide for managing your loan cycle

It is important to be fiercely strategic when it comes to choosing lower interest rates and being aware of hidden charges.

Zomato shuts down South Africa business as part of ‘clean-up’ exercise

Zomato SA didn't have any active business operations and was not a material subsidiary. Its closure will not affect the Gurugram-based company’s turnover or revenue.

Health insurance for senior citizens: How to pick the best insurance policy

Common comorbidities like diabetes or blood pressure are covered by a good number of senior citizen special policies.

10 ways to reduce car insurance premium

You can bring down the premium of your comprehensive insurance not only by customising your cover, but also by being aware of several other factors. Here are some ways in which you can bring down your car insurance premium.

Where should NRIs invest in 2022 ?

A roadmap to tell you which investment options will give the best returns in the new year.

ICICI Bank hikes credit card charges with effect from February 10, 2022

From February 10, 2022, ICICI Bank credit card customers will have to pay a transaction charge on cash advance has been revised to 2.50% on advanced amounts on all cards.

Seven money resolutions for a financially healthy 2022

In 2022, keep aside one day a month to look after your finances. These and a few more money resolutions you must make for the new year.

Winding up of mutual fund schemes only after majority unitholders' consent: SEBI

In a move to further safeguard the interest of mutual fund investors, Sebi on Tuesday decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme.