Finance Blogs
Issue Involved : You must be aware that, for an individual, ITR filing deadline is the july31st. i am assuming that you are standing at somewhere around middle of this july month. your form 16 is showing TDS deducted but, in fact, the same is not reflected in the form 26AS. what to do now … Read More “your 26AS is not showing TDS ? then how to file an ITR…” »
here we go !!! these are the key budget highlights at a glance presented in the Union Budget 19-20 by the Finance Minister Nirmala Sitharaman ;- Related to Taxation; Individual, having annual income upto Rs. 5 lakh is not required to pay any income tax. Aadhar and pan made interchangeable for the purpose of filing … Read More “Budget Highlights 2019-20.” »
NCLAT had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of 13 companies to begin releasing payments. these companies have a total outstanding debt of Rs 16,372 crore. The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and BSR … Read More “NCLAT on IL&FS group so far.” »
The government has handed out the task of firming up modalities for faceless or anonymous verification, scrutiny and assessment. Faceless assessment or scrutiny would simply mean that-A taxpayer would not have to interact in person with a tax officer. And, A taxpayer would not have to interact in person with a tax officer. And, … Read More “Now Faceless Assessment” »
To make the return filing process easier for individuals, this year the tax department will be providing ITR-1 pre-filled with salary, FD-interest income and TDS details. These details will be pre-filled in ITR1 only for forms filed online. These fields are editable and you will be able to correct the figures auto-filled in case of … Read More “Pre-filled data in ITR 1” »
RBI has recently issued a notification mandating banks to accept coins and notes which after receiving frivolous complaints from customers. in effect, RBI has directed all branches of banks to accept coins of all denominations tendered at their counters for transactions. source
India’s oldest private airline company Jet Airways is now in a deficit of 8500 crore rupees i.e. 85 billion rupees. it’s current shareholding pattern is as follows ; Promoter ie Naresh Kumar Goyal, having 51%. Foreign Contributor ie Etihad Airways 24%. other public ie Individuals 9%. institutional holding ie MF, LIC, FI 16%. What they are … Read More “The Jet Airways story” »
As a part of the reform process, the finance ministry has asked public sector banks (PSBs) to look at rationalising their domestic and overseas branches. The banks have been advised to pursue closure of loss making domestic and international branches as part of capital saving exercise. Since,There is no point in running loss making branches … Read More “finance ministry asked public sector banks (PSB) to close some of its branches” »
The assets of the Reliance Communications Ltd (RCom), being led by Anil Ambani, which were put down on the blocks seem to have found its highest bidder in the form of his elder brother Mukesh Ambani’s Reliance Jio Infocom Ltd. Reliance Jio has emerged as the highest bidder for 3-4 of the five asset packages … Read More “Mukesh Ambani’s Jio is the highest bidder for RCom assets” »
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