Income tax on cash spending: These expenses will be considered as income and accordingly taxed if incurred in cash

by Amit Bisht | Jan 20, 2025 | BLOG, Trending News

Say No to Cash Transactions: Understanding Income Tax Implications The Income Tax Department strongly advocates responsible use of cash to ensure compliance with tax laws. Various provisions in the Income Tax Act restrict excessive cash transactions, and violating...

How to get a 2 lakh loan using your Aadhaar card in 2025? Easy Steps to Get Loan

by Amit Bisht | Jan 17, 2025 | BLOG, Highlights, Trending News

Personal loans offer flexible repayment tenures and quick loan disbursement which is a great option if you are looking for urgent funds to cover your sudden expenses for a while. In India, Aadhaar card has proved to be a very important document for availing of...

SBI Introduces ‘Har Ghar Lakhpati’ and ‘SBI Patrons’ Deposit Schemes

by Amit Bisht | Jan 7, 2025 | BLOG, Highlights, Trending News

SBI has launched two new deposit schemes: Har Ghar Lakhpati, a recurring deposit plan helping customers save ₹1 lakh or more, and SBI Patrons, a fixed deposit scheme offering higher interest rates for senior citizens aged 80 and above. The State Bank of India (SBI)...

These bank accounts won’t be functional from January 1 following RBI directive

by Amit Bisht | Jan 3, 2025 | BLOG, Trending News

RBI to Close Inactive and Dormant Bank Accounts from January 1, 2025: Full Details and Revival Steps The Reserve Bank of India (RBI) has announced a major update that will come into effect from January 1, 2025. As part of its efforts to enhance banking security and...

Income tax rule: Ten key changes in 2024 that will impact your ITR filing in 2025

by Amit Bisht | Jan 2, 2025 | BLOG, Trending News

Income Tax Rules 2024-25: What’s New and What Taxpayers Should Know Before Filing ITR in July 2025 As the financial year 2024 comes to an end, India’s income tax system has undergone several key changes. The Union Budget 2024-25, along with updates announced in July...

New UPI rules kick in today: Higher limits, expanded circles and more changes

by Amit Bisht | Jan 2, 2025 | BLOG, Trending News

New UPI Rules Take Effect Today: Increased Limits, Wider Access, and Key Changes New UPI rules: Unified Payments Interface (UPI) transactions in India are undergoing significant changes starting today. With an aim to enhance digital payment adoption and ensure...