The government has widened the EPFO net, bringing more employees under the mandatory social security system. The wage ceiling for mandatory EPF contribution has been The move is expected to…
Category: Banking And Finance
Bitcoin sale triggered ₹1.24 crore tax addition, but ITAT quashed the reassessment. Here’s why
A Mumbai taxpayer faced reassessment proceedings for assessment year 2018-19 after the tax department treated ₹1,24,55,654 from bitcoin sales as unexplained investment under Section 69 of the Income-tax Act. The…
Gold, silver prices today, 17 September: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices: Gold and silver prices remained in focus today after the US Federal Reserve raised its benchmark interest rate by 25 basis points, taking the target range…
India supplies Wall Street with CEOs but has a shortage at home
Indian-born bankers have led global financial giants from Deutsche Bank AG and Citigroup Inc. to Barclays Plc. Yet at home, the country’s lenders can face a string of challenges finding…
ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief
A taxpayer cannot be made to pay higher tax merely because an accountant made a clerical error while filing the return, the Delhi bench of the Income Tax Appellate Tribunal…
UPI MDR could create Rs 27,000 crore revenue pool by FY28: Bernstein
The introduction of a on eligible could create an industry revenue pool of about Rs 27,000 crore by FY28, brokerage estimates suggest. Of the estimated pool, issuing banks could receive…
Before handing over your flat for redevelopment, check these 6 safeguards
Redevelopment can offer residents of an ageing an opportunity to move into a modern building without having to bear the full cost of constructing a new home themselves. A redevelopment…
UPI new rules from Oct 15: What happens to insurance, SIP payments? Will Netflix, phone bills via AutoPay get costlier?
The new UPI rules will change how certain high-value merchant transactions are handled from 15 October, bringing insurance and capital-market payments under the merchant discount rate (MDR) framework. Will that…
Credit card EMI vs personal loan: Which costs less for big-ticket purchases?
Converting an eligible purchase into monthly instalments using a credit card eliminates the need to apply for a separate loan. It is commonly used for buying gadgets or home appliances.…