All you need to know The Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are two tax-efficient government savings schemes that offer good interest rates. Both are suitable for creating a corpus over the long term, though SSY offers higher interest rates than PPF. Here’s how to choose between them. PPF vs Sukanya Samriddhi…
LPG Commercial Cylinder Price: The prices of liquefied petroleum gas (LPG) have been slashed by Rs 83.50. A 19 Kg commercial LPG cylinder now costs Rs 1,773 in Delhi, down from Rs 1,856.50 earlier. It is now priced at Rs 1,725 in Mumbai as against Rs 1808.50 earlier. After today’s reduction, the price of a…
There is confusion in the minds of many persons as regards who has to file an ITR. Few salaried as well as senior citizens receiving interest income carry an impression that as tax has already been deducted at source they do not have to file any ITR. This is not correct. The obligation to file…
Mutual Fund investors around the world are constantly seeking opportunities to maximise returns while minimizing risks. ‘Don’t put all your eggs in one basket’ is perhaps the most popular adage in financial planning. Diversification is one popular investment vehicle that seeks to balance risk-return possibilities through diversification across multiple asset classes. Kotak and Baroda BNP…
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war. This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI….
The income tax department has now enabled the online forms for ITR-2 after releasing ITR- 1, ITR-4 on May 20, 2023 As per the income tax website, “Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal”. The income tax department has released the ITR- 2…
Electricity tariffs, which are inching up in some states, are expected to rise further in the year ahead as power producers pass on the costs of expensive imported coal and a longer route to transport coal. Following the coal crisis in September-October 2021 and April-May 2022, the Union power ministry earlier this year directed all power…
The Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for the Financial Year (FY) 2022-23 (assessment year or AY 2023-24) via notifications dated February 10, 2023 and February 14, 2023. It has also released the excel utility for ITR-1 and ITR-4 on April 25, 2023 and for ITR-2 on May…
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum staff in the event of natural calamities and war. This new payment system will be independent of conventional technologies used for existing payment systems such as RTGS, NEFT, and UPI….
Be it a wedding or surprise medical bill, home repair, or a huge outstanding amount on your credit card — a personal loan can come in handy to cover a variety of expenses. It is a convenient way to borrow small or large amounts of money from banks when you need it the most. Quick…