Free ATM withdrawals, cheque book services offered by banks not liable to GST

June 4, 2018

New Delhi: Free services, like ATM withdrawals, cheque book provided by banks to their customers will not attract GST, the government clarified. However, late payment charges on outstanding credit card bills and purchase of insurance policies by NRIs will attract the levy. In a set of FAQs on the applicability of Goods and Services Tax (GST) on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions…

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How Is Property Received As Gift Taxed?

June 4, 2018

In case when you have been gifted property from some relative or family member, there arises taxation implication upon the sale of such gifted property. For the purpose of computing your taxation liability, your holding period in respect of the property dates back to the time when the person who gifted you the property was in possession of it. Taxation On Sale Of Property Received As Gift  If the property…

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Free LPG Cylinder, electricity by Modi’s Government rural outreach

June 4, 2018

New Delhi: The Narendra Modi government has achieved considerable success in the execution of marque schemes targeting rural India in its four years in office. The key initiatives to its rural outreach programme were to provide free cooking gas connections and electrification of rural households, besides creating a social safety net for the masses. The Pradhan Mantri Ujjwala Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and Pradhan Mantri Sahaj Bijli…

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How Banks Overcharge, Penalise No-Frills A/C Holders Without Letting Them Know

June 4, 2018

No-frills account holders are facing penalty for exceeding the limit of four withdrawals in a month as several banks are using the 5th debit as a trigger to convert the Basic Savings Bank Deposit Account (BSBDA) into a regular one, says a report. While no charges are levied for maintaining no-frills account or BSBDA in a bank, the regular accounts are subject to various fees and charges. The key restriction…

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Petrol Prices Cut For 6th Straight Day. Check Fuel Prices Here

June 4, 2018

Petrol and diesel prices were reduced by 14-15 paise per litre across Delhi, Kolkata, Mumbai and Chennai on Monday. While petrol prices were cut for the sixth day in a row, diesel prices were lowered for five days in six. In six days, petrol prices have been lowered by 47 paise per litre in Delhi and Mumbai, 46 paise per litre in Kolkata and 49 paise per litre in Chennai,…

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Moto G6 Moto G6 Play India launch LIVE UPDATES

June 4, 2018

Moto G6, Moto G6 Play smartphones from Motorola India will be launched in the Indian market today. Moto G6 series will be the latest in the mid-budget smartphone range from the company, and like previous Moto phones will run pure Android. Moto G6 now has the new 18:9 aspect ratio display and also comes with a dual-rear camera at the back, which has become common in the mid-range segment. Moto…

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