Working from home? Your income tax liability may go up
Many salaried individuals are working from home during coronavirus pandemic. Besides your traveling time savings, it has been a respite to many office goers who have been roughcast with problems of traffic jams go back and forth everyday, office politics, and even more annoying moments that the calls from the bosses who call too many…
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Learn how NDTL for banks Calculated
Updated on 13.10.2022 Net Demand and Time Liability (NDTL) is basically the sum of demand and time liabilities including ODTL of scheduled commercial banks. NDTL is used by banks for the computation of the Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), and Liquidity Adjustment Facility (LAF). i.e. Net Demand and Time Liabilities (NDTL) =…
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Now your health insurance premium of over Rs.20000 is under income tax lens: Check other changes
The ‘Transparent Taxation’ platform, launched by Prime Minister Narendra Modi on Thursday, proposes multiple reforms to improve tax compliance, faceless assessment and ease of filing returns while widening the income tax base and checking tax evasion. The Government has also introduced new sections to IT act and is making reporting of certain transactions mandatory to…
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Now SCORES platform takes up your complaint against listed companies
SEBI Complaints Redress System (SCORES) is an online platform where SEBI takes up complaints related to issue and transfer of securities and non-payment. When a response from a listed company/ intermediary registered with SEBI to a complaint is not satisfactory, the complainant may further approach SEBI using the SCORES platform to get his/her complaint redressed.…
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How NGOs get foreign funding under FCRA?
Foreign contributions are a major source of financial support for NGO activities in India. Foreign funds are flowing in through private foundations, foreign governmental agencies, and individuals for charitable causes either in the form of donations or as project funding support. The process of receiving these grants has been subjected to law ever since the…
What is a positive pay cheque?
On Thursday (6th August), on the eve of the Statement on Developmental and Regulatory Measures, RBI Governor Mr.Shaktikant Das announced “To enhance safety of cheque payments, it has been decided to introduce a mechanism of Positive Pay for all cheques of value ₹50,000 and above. This will cover approximately 20 per cent and 80 per…
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