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SBI may pass on RBI's rate cut benefits to customers, announcement likely after evaluation

SBI may pass on RBI's rate cut benefits to customers, announcement likely after evaluation

The RBI has announced reduction of repo rates by 25 basis points to 5.75 percent in its second bi-monthly monetary policy of 2019-20.

Jun 07, 2019, 16:55 PM IST
No charges on RTGS, NEFT online transactions; RBI to issue notification soon

No charges on RTGS, NEFT online transactions; RBI to issue notification soon

The RBI decision to make RTGS and NEFT free from charges will benefit lakhs of users who conduct online transaction.

Jun 06, 2019, 12:32 PM IST
CBDT extends due date for filing of TDS statement in Form 24Q

CBDT extends due date for filing of TDS statement in Form 24Q

It has also extended the due date for issue of TDS certificate in Form 16 for financial year 2018-19 from June 15 to July 10

Jun 05, 2019, 16:01 PM IST
Five things to know about the new RTGS rule

Five things to know about the new RTGS rule

The new RTGS deadline will be applicable from June 1.

May 30, 2019, 11:10 AM IST
RBI extends RTGS deadline from June 1 – Check out new timings

RBI extends RTGS deadline from June 1 – Check out new timings

RTGS is a financial transaction system, where there is continuous and real-time settlement of fund transfers, individually on a transaction-by-transaction basis.

May 29, 2019, 12:41 PM IST
CBDT extends due dates of TDS compliance to deductors in Odisha

CBDT extends due dates of TDS compliance to deductors in Odisha

CBDT has done so to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone Fani in Odisha.

May 25, 2019, 10:06 AM IST
Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interest

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.

May 24, 2019, 13:03 PM IST
Irdai proposes non-exclusion of critical illnesses in health policies

Irdai proposes non-exclusion of critical illnesses in health policies

With the increase in the number of health insurance companies as well as health insurance products in the market, Irdai in draft guidelines proposes that the health insurance industry should adopt a

May 18, 2019, 17:46 PM IST
Indian insurance industry is going digital; are you following?

Indian insurance industry is going digital; are you following?

Insurance as an industry is currently at the helm of a disruptive technological revolution.

May 15, 2019, 17:20 PM IST
SBI cuts MCLR by 5 bps across tenors

SBI cuts MCLR by 5 bps across tenors

With this cut, 1-year MCLR has come down to 8.45 percent per annum from 8.5 percent.

May 10, 2019, 18:44 PM IST
E-filing of Income Tax returns registers an increase of 19%

E-filing of Income Tax returns registers an increase of 19%

Government said that substantially larger number of taxpayers filed their ITRs electronically in the F.Y. 2018-19 as compared to F.Y. 2017-18.

May 06, 2019, 18:46 PM IST
UIDAI dismisses reports about alleged theft of data of 7.82 crore Aadhaar holders

UIDAI dismisses reports about alleged theft of data of 7.82 crore Aadhaar holders

UIDAI said that it’s CIDR and servers are completely safe and fully secure and no illegal access was made and no data has been stolen from its servers.

Apr 17, 2019, 20:16 PM IST
Exclusion illness, diseases to come under health insurance cover, IRDA may soon announce new guidelines

Exclusion illness, diseases to come under health insurance cover, IRDA may soon announce new guidelines

After the announcement of the new medicaim policy, Insurance companies will have to include maximum diseases and ailments in the policy cover.

Apr 17, 2019, 15:36 PM IST
Irdai asks insurers to share status of claims with policyholders from July 1

Irdai asks insurers to share status of claims with policyholders from July 1

Irdai also asked insurers -- life, health and general -- to send all communication about issuance and servicing of policies through letter, e-mail, SMS or any other electronic form approved by it.

Apr 11, 2019, 09:04 AM IST
State Bank of India cuts loan rates by marginal 5 bps

State Bank of India cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate (MCLR) is down to 8.50 percent now from 8.55 percent earlier, the bank said in a statement.

Apr 10, 2019, 08:57 AM IST
Taxmen to scrutinise mismatch between ITR and service tax returns

Taxmen to scrutinise mismatch between ITR and service tax returns

Mismatches were also noticed for the financial year 2016-17, for which data is being shared with the field offices.

Apr 08, 2019, 16:57 PM IST
ITR forms for AY 2019-20 notified – Complete list of ITR forms and their usage

ITR forms for AY 2019-20 notified – Complete list of ITR forms and their usage

The last date of filing Income Tax Return (ITR) is July 31 for those who are not required to get their accounts audited.

Apr 05, 2019, 17:33 PM IST
Income Tax department notifies ITR forms for AY 2019-20

Income Tax department notifies ITR forms for AY 2019-20

While there has been no change in ITR-1 or Sahaj, which is to be filled by the salaried class, some sections in ITR 2, 3, 5, 6 and 7 have been rationalised.

Apr 05, 2019, 15:35 PM IST
Paytm Payments Bank to offer risk-free insurance, mutual fund products by June: MD

Paytm Payments Bank to offer risk-free insurance, mutual fund products by June: MD

As on date, the Paytm Payments Bank has 4.4 crore savings bank account with deposit of over Rs 400 crore; and there are as many as 26 crore wallet accounts.

Apr 04, 2019, 10:38 AM IST
Government extends last date for Aadhaar-PAN linking by 6 months

Government extends last date for Aadhaar-PAN linking by 6 months

The Government on Sunday extended the last date for linking Permanent Account Number (PAN) with biometric ID Aadhaar till September 30.

Mar 31, 2019, 20:57 PM IST