Articles by Rashmi

CBDT launches Tax Calculator for FY 2023-24

Posted by Rashmi 25 May 2023 4150 Views

The Central Board of Direct Taxes (CBDT) has introduced a new Income tax calculator for the financial year 2023-24. This calculator is designed to be user-friendly and helps individuals and businesses calculate their tax obligations more easily.

Comprehensive Guide to Gold Purchases, Possession Limits and Taxation in India

Posted by Rashmi 24 May 2023 43109 Views

Considering the cash transaction limits under income tax laws, transactions in cash above Rs 2 lakh in a single day are not permitted. Section 269ST of the Income Tax Act, 1961, prohibits cash transactions exceeding Rs 2 lakh in a single day or in aggregate from a person.

RBI Withdraws Rs 2,000 Banknotes - FAQs and Guidelines

Posted by Rashmi 20 May 2023 7653 Views

The Reserve Bank of India has announced that it will no longer circulate the Rs 2,000 currency notes.

15 Tips for Millennials to Navigate Finance, Investing and Retirement Planning in India

Posted by Rashmi 15 May 2023 2140 Views

Millennials are the generation born between the early 1980s and early 2000s. They are the largest generation in India, and they are facing a number of financial challenges. The cost of living is rising, student loan debt is high, and the job market is competitive.

All-India Drive to Detect Fake GSTINs: Ensuring Compliance to Safeguard Government Revenue

Posted by Rashmi 12 May 2023 11002 Views

To combat the presence of suspicious and fake GSTINs (Goods and Services Tax Identification Numbers) in the GST eco-system, a Special All-India Drive has been launched by both Central and State Tax administrations.

Transforming GST Compliance: Advanced AI and Data Analytics Power Automated Return Scrutiny

Posted by Rashmi 11 May 2023 4956 Views

The Goods and Services Tax (GST) department is set to implement an advanced artificial intelligence and data analytics system to scrutinize GST returns and monitor any discrepancies.

Uncovering India's Hidden Billions: Your Guide to Reclaiming Unclaimed Deposits

Posted by Rashmi 10 May 2023 2292 Views

India has a hidden wealth of unclaimed deposits worth billions of rupees lying dormant in banks and financial institutions. Many people, due to various reasons, forget about their old bank accounts, investments, shares, and dividends, which ultimately become unclaimed deposits after 10 years of inactivity.