Big Bazaar Launches Mega Sale for Republic Day

January 24, 2020

On the occasion of 71st Republic Day, hypermarket chain Big Bazaar has come up with its biggest shopping festival- Sabse Saste 5 din – from January 22 to January 26, 2020. The massive sale will be accessed across all Big Bazaar, Big Bazaar Gen Nxt and HyperCity stores in the country. Speaking about hosting the first SSD this year, Big Bazaar CEO Sadashiv Nayak said, “Every household irrespective of the…

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Not sharing PAN/Aadhaar? Employees can lose over 20% of income in AY 2020-21!

January 24, 2020

PAN/Aadhaar rules for AY 2020: Employees may end up paying a lot in tax if they don’t furnish PAN or Aadhaar before the employee (who is responsible for deducting TDS on salary). Such employees may end up paying over 20 per cent of their income in tax to the government!. The Central Board of Direct Taxes (CBDT) recently came out with a circular that explains what will happen if an…

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RBI allows recurring payments using UPI for transactions upto Rs 2,000

January 24, 2020

The Reserve Bank of India, on January 10, said that the Unified Payments Interface (UPI) can be used for making recurring payments. With this, UPI users will be available to bypass the additional factor authentication (AFA) while making a payment to a regular merchant, as long as the amount is not more than Rs 2,000. An industry source told MediaNama that it remains to be seen as to who would use UPI…

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Loan Against Life Insurance Policy: Should You Go For It?

January 24, 2020

In India, life insurance policies are often marketed as investment products. While they are primarily aimed at providing a financial cover for the family in case of death of the bread-winner, insurance policies can also be used to raise money for your urgent needs.  If you are facing a sudden cash crunch towards a short-term need, you can consider availing a loan against your policy.  Eligibility Life insurance policies from…

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Which ITR Form is applicable on me?

January 24, 2020

The FY 2019-20 has already started. This also marks as the beginning of tax planning and declarations FY 2019-20. While filing your taxes the first and foremost step is to figure out “Which ITR Form is to filed? How to choose the appropriate Income Tax Return form? Is ITR Form once chosen is valid forever? What are the consequences of wrong selection and so on…” Through this guide we will…

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Know the difference between NEFT, RTGS & IMPS

January 24, 2020

Most individuals use one or the other method of online money transfer in their lifetime. The convenience of transferring money online helps an individual in making most out of the modern technology-based banking services. When it comes to transferring money from one account to another, most banks provide multiple options based on various factors and customer’s requirements. Currently, banks provide multiple transfer methods such as National Electronic Funds Transfer (NEFT),…

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Paying a home loan EMI or staying on rent? Know the tax benefits

January 24, 2020

Your residence – whether owned, rented or leased out – can give you to a range of tax benefits. Be it interest paid and principal repaid on a housing loan or rent paid to your landlord, the Income Tax Act allows deductions and breaks under various sections. In the last few years, several tax incentives have been announced – and some withdrawn. Here’s your guide to the tax breaks on…

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