ChatGPT, the highly popular AI chatbot introduced in November, experienced a decline in its website’s monthly traffic and unique visitors for the first time in June, as reported by Similarweb, an analytics firm. Globally, the desktop and mobile traffic to the ChatGPT website witnessed a decrease of 9.7 per cent in June compared to May,…

The Section 80C of the Income Tax Act allows tax deduction of up to Rs 1.5 lakh in a financial year on investments in a few specified instruments. In fact, most salary earners start saving or investing under Section 80C immediately after their first salary. If you are trying to save taxes in this financial…

The government created the Permanent Account Number (PAN) to enable easy retrieval of information and to enable matching of information relating to investments, loans, and other business activities of taxpayers collected through various sources, both internal and external, for detecting and combating tax evasion and expanding the tax base. As per section 139AA of the…

Get ready to snag some incredible deals and discounts as Amazon US gears up for its highly anticipated Prime Day Sale, happening on the 11th and 12th of July. This annual event has become a shopping extravaganza, offering Prime members exclusive access to a wide range of products at unbeatable prices. During the Prime Day…

TR refund: Due date for income tax return (ITR) filing is 31st July 2023. Who is entitled to get a refund, what are the taxation rules of ITR? And how to claim your refund? In this article, I wish to discuss various aspects of income tax refund under the Income Tax Act. 1)When you are…

Individuals and companies can check if the Permanent Account Number is valid or invalid. PAN can be verified online by filling out the core details mentioned in the PAN Card such as Name, Father’s Name and Date of Birth. This facility can be used by the entities who receive a copy of PAN application for…

Bank of India is the first public sector bank to launch the Mahila Samman Savings Certificate, 2023. According to a press release from Bank of India, it is the first bank to operationalise this scheme at all its branches. Mahila Samman Savings Certificate was previously only available through post offices.The Department of Economic Affairs, Ministry…

The deadline to link PAN with Aadhaar was June 30, 2023. If PAN is not linked with Aadhaar, PAN will become inoperative from July 1, 2023, according to the CBDT notification dated March 28, 2023. There are many disadvantages if PAN becomes inoperative. One of them is you have to pay higher TDS on dividend…