In the battle for fees, banks should realise that maximising profits is a short-term game and a fair game could sow the seeds of long-term profits.
Author: Poonam Verma
New plans major policy to promote e-vehicles by Modi Government
India will soon embark on an ambitious programme aimed at switching most, if not all, of its vehicles to battery power by 2030. The scheme, which kicks off in the next few months.
What is Producer Company Registration and Its Benefits
Producer Company means a corporate body having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce.
No Income Tax on Salary deducted for Notice Period Pay cut
The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for not serving out a notice period cannot be brought to tax.
E Forms Chg-1 And Chg- 9 are Being Revised And Would Be Effective From April 22, 2017
Form CHG-1 and Form CHG-9 are likely to be revised with effect from April 22, 2017.
How to Do One Person Company (OPC) Registration
The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity.
RBI Certified for buy Liquor online through Mobile Wallet
Bangaloreans like to be in good spirits and while getting a reservation at the restaurant of their choice can be simple, what is difficult to foretell is whether their signature drink will be available at the bar.
The Maternity Benefit (Amendment) Act, 2017
Maternity Benefit Act protects the employment of women during the time of her maternity and entitles her to a ‘maternity benefit’ – i.e. full paid absence from work – to take care of her child.
Government has made E-Stamping Mandatory for Transactions above Rs 1 Lakh
E-stamping to be made mandatory for transactions above Rs 1 lakh. A gazette notification has been issued in this regard after amending the Stamp rules of 1960.
Are Other Investment Options Better Than PPF, Let’s Do The Comparison
The rate of Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%.
Government Plan to keep Single Rate for each Product group to avoid GST Problems
After having opted for multiple rates under the upcoming goods and services tax (GST) regime, India is now looking to keep variations in rates on the same types of products at a minimum to ensure that the tax structure does not get any more complicated.
‘Operation Clean Money’-II launches by IT Department, to Probe 60,000 People
The Income Tax department will investigate over 60,000 individuals under the second phase of the ‘Operation Clean Money’ which was launched on Friday with an aim to detect black money generation post demonetisation.
Don’t Get Confused between Trademark and Design Registration
Trademark is a word, sign, logo or an expression which identifies a particular brand. Trademark is an intellectual property. It is a unique signature adopted by company or business to adopt. Trademark provides an exclusive right to the owner of the brand.
It’s Good to Have Real Aadhaar, But Fear Of Biometric Theft Is There
India is at least a decade ahead of any other country in terms of using biometrics as an identity.
Loans, card payments above Rs 2 Lakh in cash to be shown in ITR
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation will have to be disclosed in the new one-page income tax return (ITR) form. The tax department a few days back notified new ITR forms for filing of returns for the Assessment Year 2017-18 (financial year 2016-17).