Central Board of Direct Taxes (CDBT) has recently notified the Cost Inflation Index (CII) for FY 2020-21. Cost Inflation Index for Financial Year 2020-21 Central Board of Direct Taxes (CDBT) has notified the Income Tax Cost Inflation Index for FY 2020-21 or AY 2021-22 at 301. Read the CBDT Notification. Now, we understand the concept … Read more
Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more
The Airtel Payments Banks will now provide a new salary account, Suraksha Salary Account, to the MSMEs. Financial problems are not only been faced by migrants but many enterprises too. To help them, big businesses are coming forward and trying to make their life easier in many ways. MSME Suraksha Salary Account The salary account … Read more
The government has now allowed the startups to issue ESOPs i.e. Employee Stock Ownership Plans to their employees for a period of 10 years from their registration as a startup. This is one of the Government Policies to encourage startup growth and entrepreneurship. Earlier, the limit to issue ESOPs or shares to the employees was … Read more
There is a piece of good news for the residents of UP. The Uttar Pradesh govt provides interest relief to builders of different districts of UP. The UP state government has reduced the rate of interest on the land dues so that it can help many people. 3 Administrations where Uttar Pradesh Govt Provides … Read more
Amid the economic recession due to lockdown, a fresh controversy has popped up as Facebook sues Mumbai-based firm for unauthorized use of several domain names. Let us know in detail about this case. Why Facebook sues Mumbai-based firm? It can’t be denied that in these days of globalization, the business has grown complex than ever. … Read more
There is a piece of good news for the Homebuyers— Home loans are soon to get cheaper from next month. Now many people can fulfill their dream to own a house, as the Country’s financial institution, State Bank of India (SBI), has announced that it will reduce the Marginal Cost of fund-based Lending rate (MCLR) … Read more
The Employees’ Provident Fund (EPF) is a retirement benefit government scheme that provides financial coverage to the employees (EPF account holders) after retirement. But, do you know that the EPF scheme also provides a life coverage to the employees. So, let us know about this feature of the EPF scheme. Life Coverage for EPF … Read more
In order to give the much-needed relief to the public, the Reserve Bank of India (RBI) had recently announced that the loan moratorium is extended by further 3 months, i.e. till August 2020. This is to help them while the financial disturbance due to the COVID-19 crisis. Here, the loan moratorium means the relief to … Read more
The Delhi government has announced that Special Corona Tax on Delhi Liquor shall be now lifted. In the wake of the Novel Coronavirus disease or COVID-19, the government had further extended the Lockdown till 30th June 2020, under the Disaster Management Act, 2005. The sale of alcoholic beverages was permitted during the lockdown, but the … Read more