Personal Finance Archives - TaxIndiaUpdates In

Best Mutual Funds in India for Long Term Planning

August 31, 2023September 1, 2023 TaxIndiaUpdates In0 comments2792 views

A mutual fund is a collective investment vehicle that collects & pools money from a number of investors and invests the same in equities, bonds, government securities, money market instruments. The money collected in mutual fund scheme is invested by professional fund managers in stocks … Continue Reading →

Income Tax

Tax Planning Tools In India for AY 2021-22

January 29, 2021December 24, 2021 TaxIndiaUpdates In0 comments14063 views

Tax Planning Tools In India for AY 2021-22 There are various scheme introduced by Government in their budget. Followings are most popular Tax Planning Tools In India for AY 2021-22 which is useful for salaried Individual assessee: Life Insurance Life Insurance Policy is widely … Continue Reading →

Personal Finance

SEBI Circular: Instant Access Facility and Use of E-Wallet for Investment in Mutual Funds

May 11, 2017 TaxIndiaUpdates In0 comments4622 views

Instant Access Facility and Use of E-Wallet for Investment in Mutual Funds A. Instant Access Facility (IAF) IAF facilitates credit of redemption proceeds in the bank account of the investor on the same day of redemption request. In order to further enhance the reach … Continue Reading →

Personal Finance

Bharat Bill Payment System (BBPS) – Extension of timeline from May 31, 2017 to December 31, 2017

May 9, 2017May 11, 2017 TaxIndiaUpdates In0 comments2424 views

Bharat Bill Payment System (BBPS) – Extension of timeline The Reserve Bank of India has decided to extend the last date, from May 31, 2017 to December 31, 2017, for entities undertaking billing business under the current scope of BBPS, to either become an agent … Continue Reading →

Personal Finance

Guidelines on Merchant Acquisition for Card Transactions

May 4, 2017 TaxIndiaUpdates In0 comments3471 views

Guidelines on Merchant Acquisition for Card Transactions Co-operative banks have been permitted to install both onsite/offsite ATM networks and can issue debit cards on their own or through sponsor banks based on certain eligibility conditions. Also, all co-operative banks have been allowed to enter … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2017-18 – Series I

April 21, 2017April 22, 2017 TaxIndiaUpdates In0 comments4350 views

Sovereign Gold Bond Scheme 2017 -18 – Series I – Issue Price Date In terms of GoI notification F. No. 4(8) – W&M/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017, the Sovereign Gold Bond Scheme 2017-18 – Series I will be opened for subscription for the period … Continue Reading →

Personal Finance

Pradhan Mantri Mudra Yojana (PMMY) crosses the target of Rs. 1.8 lakh crore for 2016-17

April 13, 2017April 14, 2017 TaxIndiaUpdates In0 comments2779 views

Pradhan Mantri Mudra Yojana (PMMY) crosses the target of Rs. 1.8 lakh crore for 2016-17; Number of borrowers well over 4 crore this year including more than 70% women borrowers Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target … Continue Reading →

Personal Finance

Tax Exemption to Promote Startups in India

April 13, 2017April 13, 2017 TaxIndiaUpdates In0 comments4370 views

Tax Exemption to Startups: Various tax exemptions have been given to Startups in the recent past – Following direct tax incentives were provided in Income-tax Act,1961 (‘the Act’) to promote Start-ups through Finance Act,2016: Introduction of new section 54EE in Income-tax Act, 1961 to exempt investment … Continue Reading →

Personal Finance

Now Get PAN Card in One Day: Ease of Doing Business

April 12, 2017April 12, 2017 TaxIndiaUpdates In0 comments4060 views

Now Get PAN Card in One Day: Ease of Doing Business CBDT Press Release: CBDT issues PAN and TAN within 1 day to improve Ease of Doing Business In order to improve the Ease of Doing Business for newly incorporated corporates, CBDT has tied up … Continue Reading →

Personal Finance

Benami Transactions (Prohibition) Amended Act 2016

March 24, 2017 TaxIndiaUpdates In0 comments4043 views

Benami Transactions (Prohibition) Amended Act 2016 Though the Benami Transactions (Prohibition) Act 1988 has been on the statute book since more than 28 years, the same could not be made operational because of certain inherent defects. With a view to providing effective regime for prohibition … Continue Reading →