RBI: Premature Redemption under Sovereign Gold Bond
RBI Notification: Premature Redemption Details for Sovereign Gold Bond...
Mutual Fund accounts are kept on Hold due to incomplete KYC. Here is how MF investors can check KYC status online
According to KYC registration entities (KRAs), around 1.3 crore mutual accounts are ‘on hold’ due to incomplete KYC. The reason behind this is that the individuals have provided non-Aadhaar and non-officially valid documents during the initial KYC registration process. As per the new rules set b...
Happy New Financial Year 2024-25
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FAQs on Crypto TDS
As you are aware, as per the recent guidelines issued by the Indian Government, Crypto trades will attract 1% TDS henceforth. These provisions have come into force from 00:00 hrs IST, 1 July 2022. Here are a few frequently asked questions about the new TDS rules: Question 1: Who will deduct tax as T...
TDS on Crypto Currencies
The Finance Bill of 2022 introduced a new section called 194S in the Income-Tax Act, 1961, to levy 1% TDS on any consideration paid for the transfer of Virtual Digital Assets (VDA). Simply put, when you buy any Crypto (Crypto is considered a VDA), you (or the Exchange facilitating this transaction) ...
Startup India Seed Funding Scheme (SISFS)
The scheme is launched by the government in the year 2016. Under the scheme, the government provides some financial assistance to the eligible startups for proof of concept, prototype development, product trials, market-entry, and commercialization. Such financial assistance is known as Seed Fund wh...
Can investing in NPS make you rich? How to make the most of tax benefits to increase your returns
When his company introduced the NPS benefit in 2015, Anil Jajoo grabbed the tax advantage with both hands. Under Section 80CCD(2), up to 10% of the basic salary of an employee put in the NPS is tax free. “It was a terrific opportunity to stash away tax free money,” says Jajoo. NPS helps one save...
