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…
Petrol and diesel prices remained constant in cities such as New Delhi, Kolkata, Mumbai, and Chennai on Wednesday. Fuel prices in India stayed the same on Wednesday continuing the year-long stable trend since the last rate revision in May 2022. Petrol and diesel prices remained constant in cities such as New Delhi, Kolkata, Mumbai, and…
There is a wide array of credit card options available today and if searched correctly, there is a card for everyone’s needs. Credit cards today offer a variety of incentives such as cashback, travel benefits, and reward points. The credit card rewards world has become fiercely competitive, meaning that card issuers are wooing new customers…
Twitter has announced another change for users this week wherein the users will need to be verified in order to use TweetDeck. The change will take effect in 30 days, according to the Reuters news agency. Twitter made the announcement in a tweet detailing an improved version of TweetDeck with new features. It was unclear…
Benchmark stock market indices on Monday kicked off the trading week on a positive note. The bulls have been on full charge on Dalal Street taking the equity market to an all-time high. In the first six months of Calendar Year 2023, Nifty delivered a 5.83 per cent return whereas Sensex surged to the tune…
The last day for linking PAN with biometric Aadhaar on paying a late fee of ₹1,000 was June 30, 2023. Taxpayers who have not linked the two by this date will not be able to avail certain services related to income tax. From July 1, 2023, PAN will become inoperative for individuals who have failed…
Yet again the Public Provident Fund (PPF) interest rate for the July-September quarter of FY 2023-24 has been kept unchanged at 7.1 per cent The finance ministry made this announcement via a circular issued on June 30, 2023.The interest rates of schemes like the 1-and 2-year post office time deposit, 5-year recurring deposits have been…