International credit card spends abroad will now attract 20% TCS: How cardholders may be hit
Credit card spends outside India have been brought under the ambit of the LRS — under which all resident individuals, including minors, can remit up to $2,50,000 (approximately Rs 2.06 crore) abroad per year without prior approval from the RBI
First day of Rs 2,000 currency exchange gets off to a rocky start across cities: What banks said
RBI governor Shaktikanta Das had on Monday said people should not panic and rush to return or exchange their Rs 2,000 currency notes as they have four months to do so. Even after September 30, the notes would continue to be legal, he asserted
Delhi-based start-up ReFit Global earns over Rs 200 crore selling second-hand smartphones
Refurbished second-hand smartphones have always thrown up the challenge of quality and it is this very aspect which has proved to be a major limitation for both sellers and buyers of second-hand phones. This start-up has found a way around the disadvantage and has successfully captured the market
Banks may levy service charges upon depositing Rs 2,000 notes; details inside
Depositing Rs 2,000 notes at banks can attract service taxes upon crossing a certain limit. Read to know more
Zerodha co-founder Nithin Kamath warns about ‘friendship recession’; here's why
Zerodha’s co-founder Nithin Kamath Kamath shared an elaborate graph illustrating the significance of human connections and their impact on well-being.
India's forex reserves drop by $6 billion to $593.48 billion
In October 2021, the country's forex kitty reached an all-time high of $645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments
Income tax return filing: ITR 1, 4 forms for FY 2022-23 now available online
The deadline for filing ITR for salaried individuals and non-auditable taxpayers is 31 July 2023, unless the government decides to extend the deadline
SBI sends bill to customer despite expiry of credit card; details inside
M J Anthony claimed to have requested the SBI Cards & Payments Services Pvt. Ltd. to cancel his card in April 2016, well before its expiry, and not to renew it
Centre raises tax exemption limit on leave encashment for non-govt salaried staff to Rs 25 lakh
So far, the tax exemption on leave encashment for non-government employees was Rs 3 lakh, which was fixed in 2002, when the highest basic pay in the government was Rs 30,000 per month
Bank locker rules revised: Things to keep in mind
All the customers need to execute new locker agreements as per the regulatory guidelines issued, with their respective branches on the latest format issued by the bank
Europe's largest economy succumbs, Germany declares recession
Germany's GDP declined by 0.3 per cent in the period from January to March. It follows a drop of 0.5 per cent in Europe's largest economy during the last quarter of 2022
How much gold can you purchase with or without Aadhaar, PAN proof?
The decision by the Reserve Bank of India (RBI) to withdraw the circulation of Rs 2,000 notes has reportedly resulted in a surge of individuals rushing to purchase gold using cash, particularly Rs 2,000 notes
Gold is going to be record costly and de-dollarisation is the reason
Dedollarisation is picking up quick and fast; the Ukraine war has fueled the speed of countries moving away from the American dollar, to circumvent Western sanctions
Can you deposit or exchange Rs 2,000 notes at post offices?
Though customers have been asked to deposit or exchange Rs 2,000 notes at banks, the Department of Post has issued a statement in this connection
Retirement plans: Know about EPF, PPF and VPF before choosing a provident fund scheme
Check this space to know about the difference among the Voluntary Provident Fund (VPF), Employee Provident Fund (EPF) and Public Provident Fund (PPF)
Want to exchange Rs 2,000 notes in your bank? Step-by-step guide
The option to deposit funds into accounts and exchange Rs 2,000 banknotes will be accessible at all banks until 30 September 2023
Unexplained deposits of Rs 2,000 notes likely to attract IT dept's notice; Check details
Significant deposits after RBI's withdrawal decision is expected to draw the income tax department's attention
De-dollarization picks up steam: Iraq joins China, Brazil to dump US dollar
Over the past few days, senior political leaders, in most parts of West Asia, have been persistently making statements, suggesting the dollar's dominance in the region may fade
Centre makes revisions to FAME II scheme; here's how your plan to buy EVs can be impacted
Electric two-wheelers and passenger-oriented electric three-wheelers were the main contributors to EV registrations in April 2023, representing 90.48 percent of all registrations during the month
RBI’s Clean Note policy: Why the central bank decided to withdraw Rs 2,000 notes from circulation
The RBI consistently oversees the quality of currency notes in circulation and establishes criteria for determining their acceptability