Tax payers seeking non deduction of tax from certain incomes are required to file a self declaration in Form No. 15G or Form No.15H as per the provisions of Section 197A of the Income-tax Act, 1961. In order to reduce the cost of compliance and ease the compliance burden for both, the tax payer and […]
Archives for September 2015
Pradhan Mantri MUDRA Yojana : How to apply for a Business Loan under PMMY?
I have been receiving lot of queries on Pradhan Mantri MUDRA Yojana (PMMY) or MUDRA Bank. Many blog readers have been asking for information on loan application procedure, whom to approach for assistance and which banks / financial institutions are offering loans under PMMY scheme. In his last Budget speech (2015-2016), Finance Minister Arun Jaitley […]
RBI to introduce new 500 & 2000 Rupee Bank Notes with advanced features
In a move to curb the rising incidence of fake notes and black-money menace, the Indian government has declared that currency notes of Rs 1,000 & Rs 500 will not be legal tender from 9th November, 2016. Newly designed Rs 500 note and new 2000 Rupee bank notes will be brought into circulation. (As per Finance […]
Gold Bonds Scheme: Details, Features, FAQs & Review
There are two types of Gold investors, those who like to own physical gold and those who are happy with paper gold because they just want the returns. Up till now, for investors in non-physical gold, Gold funds were the most logical and hassle-free choice. Now, the Central Government has a better deal for these […]
EPFO Mobile App for Employees Provident Fund members
Shri Bandaru Dattatraya, Honorable Minister of State for Labour & Employment has recently launched three new mobile based services for EPF (Employees Provident Fund) members namely; Mobile Application (EPFO Mobile App) SMS based UAN Activation and Missed Call service The minister has informed that these services will facilitate nearly 3.54 crores contributing members, 49.22 lakh pensioners […]
RTGS Bank Transactions : New timings from 1st September 2015
As per the recent notification issued by the Reserve Bank of India (RBI), all Scheduled and non-scheduled Banks (all public, private, foreign, cooperative, regional rural and local area banks) will observe public holiday on second and fourth Saturdays of every month (w.e.f. Sep 2015). Banks will also observe full working days on Saturdays other than second and […]
