The Employees’ Provident Fund Organisation is considering enhancing its equity exposure and reinvesting redemption proceeds from its investments in exchange-traded funds back in equity or related instruments, people familiar with the move told ET The retirement fund body will soon approach the finance ministry to seek its clearance for investing the proceeds from ETFs in…
How is income from house property taxed in India for NRIs or non-resident Indians? Are there any distinct regulations that NRIs must adhere to, and what is the procedure for calculating taxable income from house property for NRIs? There are no separate rules for taxation of house property in India for residents and non-residents. Taxation…
Last year, the Reserve Bank of India (RBI) had formed a committee to examine the customer services provided by RBI-regulated entities (RE) such as banks, non-bank financial companies (NBFCs), and payment service operators. This Committee’s mission was to monitor and review the quality of customer service, examine changing demands, identify best practices, and propose actions…
To mitigate hardship of claimants, Life Insurance Corporation of India (LIC) has announced relaxations for victims of the Balasore train tragedy and will speed up claim settlements in order to provide financial relief. To help affected families, LIC chairman announced many concessions to mitigate the hardships of the claimants of LIC Policies and also of…
.WhatsApp has rolled out a new beta update that refreshes the layout of the app..The user interface is pretty clean and simplied..It lets you access your chats and other tabs on the main window pretty easily. By Ankita Garg: WhatsApp has rolled out a new update that refreshes the layout of the app, which is…
EPF subscribers may soon see their interests being reflected in their accounts. The method to check whether your interest is credited to your PF account or not — is through a passbook where the details of your provident fund balance are displayed. The passbook can be availed online from the EPFO website. How to access…
The husband wanted to sell off the single bedroom flat they acquired in the very distant suburbs; the wife felt that would dent the assets they held. The wife was keen to financially support her parents and siblings; the husband felt that others must live within their own means. The husband wanted to retire early…
Defence Research and Development Organization 2023 Jobs Recruitment Notification. DRDO inviting applications for the positions of DRDO Chair, DRDO Distinguished Fellowship, DRDO Fellowship. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 15th June, 2023. No.of Posts and Vacancies :-DRDO Chair – 05 PostsDRDO Distinguished Fellowship –…
Post office offers many long term and short term investment plans but note that not all investment avenues are tax free, as some Post office schemes interest earned is taxable, and no deduction is available under section 80C of the Income tax Act, 1961. It is important to keep in mind that TDS is only…
New Delhi: Average time taken for issuing refunds by the income tax department has been brought down “significantly” and 80 per cent of refunds were issued in the first 30 days of filing of returns during the 2022-23 fiscal, CBDT Chairman Nitin Gupta has said. The chief of the Central Board of Direct Taxes (CBDT)…