New Delhi: The Goods and Services Tax (GST) council is likely to consider penal measures against the entities involved in the fake GST invoice racket to check evasion at its next meeting on July 11, officials said. These measures could include an increase in penalty, mandatory physical verification of premises and suspension of GST registration…
State Bank of India (SBI) has revised its locker rent charges which vary depending on location and size of the locker. It is also requesting its locker customers to contact their locker holding branch and execute the revised/supplementary locker agreement as applicable. The Reserve Bank of India has directed all banks to ensure that at…
Income is taxable under the head ‘house property’ if it is earned from a property consisting of any building or land. Individual taxpayers have the option to report their income from house property using different income tax return forms such as ITR-1, ITR-2, ITR-3, or ITR-4, as applicable. If an individual receives income from a…
Indian Railway Catering and Tourism Corporation 2023 Jobs Recruitment Notification. IRCTC inviting applications for the positions of Group General Manager/Services. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 03rd July, 2023. No.of Posts and Vacancies :- Group General Manager/Services – Various Posts Job Location – New Delhi…
Unique Identification Authority of India (UIDAI) has extended free Aadhaar update of documents by 3 months from June 14 to September 14, 2023. You can update and upload your Proof of Identity & Proof of Address documents online free of cost from 15 March – September 14, 2023. Earlier the date was June 14, 2023….
The Pension Fund Regulatory and Development Authority (PFRDA) has informed that subscribers can now access their NPS Account Transaction Statement via DigiLocker. What is DigilockerDigiLocker is a digital platform that provides a private cloud-based digital space that is shared and safe, allowing users to access all of their personal documents and certificates in one location….
PM Kisan beneficiaries are eagerly waiting to receive the 14th installment of Rs 2000 which will be transferred to the bank account of the beneficiary of the scheme. A PM Kisan beneficiary will receive Rs 6,000 per year as part of its goal to give financial support to marginal and small farmers.Since the launch, more…
Form 16 is one of the most important documents for filing income tax return (ITR), especially for salaried individuals. This is a TDS certificate that contains details of salary, allowances, and other benefits that are given to an employee by an employer during a financial year. Form 16 also mentions the tax that has been…
Public Provident Fund (PPF) vs Fixed Deposit (FD): Depending on a person’s unique financial status and investment objectives, both a fixed deposit (FD) and a public provident fund (PPF) can be excellent options for saving and investing. While FDs offer a fixed rate of interest for a predetermined amount of time, PPFs offer a variable…
Salaried employees will receive Form 16 by tomorrow, 15 June. Form 16 plays a crucial role in filing an income tax return (ITR) as it provides a detailed description of the salary paid to the employee, deductions claimed by the employee, and the tax deducted at source (TDS) by the employer. Section 203 of the…