The government has decided to keep the interest rates for small savings schemes unchanged for January 2022 to March 2022 quarter, the seventh in a row. The last revision in small savings rates was for April-June 2020. This was announced by the finance ministry via a circular dated 31, December 2021. Thus, the interest in…
You can file your belated IT Returns anytime on or before 1 year from the end of the relevant Assessment Year (AY). However, if you file your ITR after the deadline, you have to pay a late filing fee of up to Rs.5000. There is a relief given to small taxpayers — the IT department…
Edited on 27.12.2021 Amortization refers to the process of paying off debt over time in regular equal payment consisting of interest and principal loan amount sufficient to repay the loan in full by its maturity date. Amortization also refers to the spreading out of capital expenses (similar to depreciation) related to intangible assets over a…
The Reserve Bank of India (RBI) on Thursday extended the deadline to comply with new card storage rules by another six months till 30th June 2022, following requests from industry bodies and other stakeholders. “In light of various representations received in this regard, we advise…the timeline for storing of a card on file (CoF) data…
The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of a specific State or Union Territory. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day. SOUTHERN INDIA Click the name…
The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day. Click the name of the State…
Under the Explanation to Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881) read with the Government of India, Ministry of Home Affairs, Notification No.20-25/26/Pub.1, dated 08.06.1957, the following days shall be observed as Holidays in the Union Territory during the year 2022:- Sr.No Date Day Occasion/Festival Date 1 09.01.2022 Sunday…
The following days are declared for the year 2022 as public holidays under sec 25 of NI Act 1881 in the Union Territory of Andaman and Nicobar. Sr.No Date Day Occasion/Festival Date 1 14.01.2022 Thursday MAKARA SANKRANTI/PONGAL/MAGHA BIHU 2 26.01.2022 Wednesday REPUBLIC DAY 3 18.03.2022 Friday HOLI * 01.04.2022 Friday *ANNUAL CLOSING OF BANK ACCOUNTS …
The bank holidays in the administration area of Ladakh UT were declared to be a public holiday during the year 2022, under the explanation of section 25 of NI act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 01.03.2022 Tuesday Mela Dosmochey (Leh District & Zanskar Sub-division only) 3 18.03.2022 Friday…
The 2024 calendar will be Shortly updated. Bank holidays in the Administration of Lakshadweep UT for the year 2022 were declared to be public holidays during the year 2022, under the explanation of section 25 of NI Act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 18.03.2022 Friday HOLI 3 01.04.2022…