Sunday, October 17, 2021


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GST Audit to Discontinue w.e.f 1st August 2021

The Central Board of Indirect Taxes and Customs, via Notification No. 29/2021 - Central Tax has announced that provisions of...

Key Points under Transfer of Property Act

Transfer of Property Act Under the Indian legal system, properties are divided into two categories – movable and immovable. The Transfer of Property Act (ToPA),...

Legal Heir Certificate – Varsai Certificate

A legal heir is a person who succeeds or enters into the ownership of a person who died unexpectedly without a will. Legal heir certificate...

RBI’s Money Market Operations as on August 04, 2021

Money Market-Operations-August-2021Download

RBI cautions the public not to fall prey to fictitious offers of buying/ selling...

It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of...

RBI imposes monetary penalty on Nagarik Sahakari Bank Limited Rs. 7 Lacs, Bhiwandi, Maharashtra

The Reserve Bank of India (RBI) has imposed, by an order dated August 04, 2021, a monetary penalty of ₹7 lakh (Rupees Seven lakh...

Bank credit grows by 5.9% in June, credit to industry decelerates

Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent...

Income tax benefit on pre-payment of home loan

Section 80C allows the deduction for the amount paid towards the principal repayment of the home loan taken from the specified financial institutions. This...

Taxation on Dividend Income w.e.f 1st April 2021

The dividends received from your equity or mutual fund investments were tax-exempt until 31 March 2020 (FY 2019-20). The exemption was because the company...

NPS deduction in the new tax regime for Salaried Individuals

The taxpayers can choose between the new tax regime or the old tax regime from FY 2020-21. If you plan to choose the new...
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