4-day bank holiday in Maharashtra from tomorrow

April 27, 2018

After the recent cash crunch, brace yourself for another 4-day long weekend starting from April 28, as banks will be closed continuously for 4 days in Mumbai and rest of Maharashtra. People are advised to complete bank-related pending work today. Although ATMs should be running as usual as banks, it’s better to complete bank-related work today, due to recent cash crunch as well as this being a marriage season. Syndicate…

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New twist in PNB fraud! Nirav Modi may be hiding in New York, not Hong Kong

April 27, 2018

The Nirav Modi saga never ceases to surprise. After numerous reports suggested that the absconding celebrity jeweller may be hiding in Hong Kong, a new twist has emerged on his current whereabouts. The investigative agencies looking for Nirav Modi have found that the fugitive diamantaire traversed across West Asia, East Asia, Europe and America within four months. According to a Government of India dossier, Nirav Modi, prime accused in the…

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5 new tax rules you should know to plan your savings for FY 2018-19

April 27, 2018

With the first month of the new financial year almost coming to an end, it is a good time to start reviewing your tax-saving plans. And to do so, you must know the new tax rules that are effective from financial year 2018-2019. Standard Deduction In Budget this year, the government introduced, rather reintroduced, standard deduction of Rs 40,000 on taxable income. This standard deduction is in lieu of the…

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Under-reporting or misreporting your income to I-T Department? Here’s how taxmen can penalise you now

April 27, 2018

As a taxpayer, it is very important for you to know that while filing the income tax return, if a person under-reports his income or inflates his deduction/exemption, then the Income Tax Department can impose a penalty on him under Section 270A of the Income Tax Act, 1961. You must be wondering that the Section 270A of the I-T Act is not a new section as it was introduced two…

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Viral test: The truth behind ATM dispensing fakes

April 27, 2018

You’d surely be left bewildered if your ATM dispensed notes marked “Children’s Bank of India”. That’s precisely what a cash machine did in Bareilly on Sunday last week when three men swiped in their cards. Local journalist Praveen Uttam was in for a rude shock first when he took out Rs 1,200 from an ATM of United Bank of India in Bareilly’s Subhash Nagar neighbourhood. A 500 bill had “Children’s…

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