Neelanjit Das | Author at https://www.outlookindia.com
Experts say that apps like SNPL add more value to consumers since it instills the habit of saving and buying in the future rather than taking an instant personal or credit card loan.
If you have received such a notice, don’t panic. Respond to it online after checking the records and tallying them with the filled ITR details for discrepancies.
You need to check your Indian residency status, tax deducted at source (TDS), if any, and Double Taxation Avoidance Agreement (DTAA) to determine the applicable dues.
If you enter the wrong assessment year in your tax challan, then you will still have tax arrears due against your income for the respective assessment year. Here’s how to get the details rectified
The Reserve Bank of India (RBI) implements certain “card control measures” to protect people from various risks, but you can activate them while travelling abroad.
You will need to link your PAN with Aadhaar by March 31, 2023 in certain instances even if you do not have a source of income
A reverse mortgage loan (RML) is a tax free retirement income product wherein the bank pays the loan amount while allowing the borrower to reside in the house.
The Reserve Bank of India (RBI) has amended bank locker rules, which will take effect on January 1, 2023. Know the changes in regulations for locker facilities.
If you buy on a credit card EMI close to the last date of the statement cycle, or on the last date of the billing cycle, then the EMI is likely be charged in the next cycle. Here’s how credit card companies tabulate the transactions
As life tragedies can hit us at any moment, it is vital to maintain an emergency fund to take care of your needs and sail through a dire situation with relative ease.
Know the rights and obligations of the nominee and the legal heir with respect to their rights on the deceased’s estate where the deceased dies interstate
Gratuity is a token of appreciation which companies pay to their employees as a reward for loyalty. But it is tax-free up to a certain limit. You can also take it out before five year of service, but you might be liable to pay taxes on the withdrawal
If you have taken a loan from friend or family, or given one to them, and are paying or earning interest on the loaned amount, then you need to comply with the income tax rules, too
You may not need a health insurance when you are in your early 20s or 30s, but having an early insurance policy would go a long way in lower insurance premiums, wider coverage, and higher sum insured in your later years, when you are likely to need adequate health cover
You need to pay advance tax if your total tax liability for the respective assessment year is more than Rs 10,000. But it needs to be paid in four quarterly instalments. Should you miss paying one instalment, you will have to pay a penalty along with the due tax on your next instalment
Non-residents (NRs) get partial relief after CBDT extended the time to file form 10F until March 31, 2023.
Leave Travel Allowance/Concession is a tax-free component of salary given to the employees so that their travelling cost is taken care of. Here’s how you can claim this amount in your income tax returns
Family members or legal heirs must follow certain banking and legal processes to access the deceased person’s bank account. Know more
Adequate health coverage is essential today, but one must follow the processes properly to claim benefits from insurance policies, whether you got them from your employer or on your own.
If you have missed the July 31 deadline to file your income tax return, then make sure you file it by December 31, unless you want to get served with a notice from the income tax department
Should an NPS subscriber die prematurely or interstate, here’s a step-by-step process by which his/her legal heirs or nominees can claim the accumulated sum hassle-free.
India started a trial for retail central bank digital currency (CBDC) today. Although both CBDC and UPI payments use a QR code, there are some subtle differences. Know more.
Reserve Bank of India’s (RBI) Treasury bill yields have surpassed the returns of most bank fixed deposit schemes. Know how the yields are calculated for different tenors and tax aspects.
Dec 31, 2022, is the last date for filing your late income tax returns (ITR), and if you haven’t done it yet, you may use the co-browsing feature for help in real time.
Amateur investors often believe that when companies declare a four-digit percentage dividend, their investments will double, or even triple. But that is a wrong notion. Here’s how to check and gauge the correct dividend yield with respect to current market price of a stock