What to Do If TDS Is Not Correct in 26AS?
Tax Deducted at Source (TDS) is a crucial aspect of tax compliance in India. Both Form 16 and Form 26AS are essential documents for filing Income Tax Returns (ITR). Form…
CBDT Extends PAN-Aadhaar Linking Deadline to May 31, 2024
CBDT Extends PAN-Aadhaar Linking Deadline to May 31, 2024
PAN Misuse in Fraudulent HRA Claims: CBDT Circular and Judicial Insights
PAN Misuse in Fraudulent HRA Claims: CBDT Circular and Judicial Insights
Reduced Waiting Periods for Pre-Existing Diseases: New Health Insurance Rules 2024
OverviewWhen purchasing a health insurance policy, the insurer outlines the waiting periods for pre-existing and specific conditions which are initially excluded from coverage. Recently, the regulator has shortened these waiting…
RBI Circular on Fair Lending Practice – Penal Charges in Loan Accounts
1. Para 3(viii) of the circular specifies that in the case of existing loans, the switchover to new penal charges regime shall be ensured on next review or renewal date…
Supreme Court Advocates for Limited Use of Pre-Trial Injunctions to Uphold Freedom of Speech and Public Right to Information
Supreme Court Emphasizes the Rarity of Media Injunctions to Preserve Free Speech The Supreme Court of India has recently underscored the importance of exercising restraint in granting pre-trial injunctions that…
What is the Concept of NPS in India? What are the benefits in terms of future Pension, Profit and tax incentive?
The National Pension System (NPS) in India is a government-sponsored pension scheme that was launched in January 2004 for government employees. However, in 2009, it was opened to all sections…
How does the ‘Digital India’ initiative connect with the promotion of UPI payments?
The "Digital India" initiative is a flagship program launched by the Government of India to transform India into a digitally empowered society and knowledge economy. It aims at ensuring government…
What is Section 40B of income tax under Income Tax Act in India?
Section 40B of the Income Tax Act in India pertains to the deductions and limits on interest, salary, bonus, commission, or remuneration paid to partners by a partnership firm or…
What is Micro Finance? How is it affecting Indian Economy?
Microfinance refers to a variety of financial services provided to low-income individuals or those who lack access to typical banking services. It includes microloans, micro-savings, and micro-insurance products designed to…