They deducted the tax at source at the higher 31.2% rate (includes cess) applicable to non-resident Indian (NRI) sellers and submitted it to the tax authorities on time. However, they missed one additional step: filing an e-TDS return. Consequently, the couple, who did not wish to be named, was slapped with a penalty of â‚ą80,000….
India is a rapidly growing economy, an economy that needs consistent credit to continue on its path of building infrastructure, roads, planning on future education, health management along with other crucial economic projects. Now, in such an environment the nation has witnessed the distribution of personal loans on a large scale. All of such personal…
In everyday life, we often use the terms credit score and credit report interchangeably to describe the evaluation issued by a credit bureau regarding our creditworthiness. While both serve as tools for lenders and financial institutions to assess an individual’s or business’s creditworthiness, they refer to two distinct aspects of credit evaluation. A credit bureau…
The summer season is here. Many of you may be planning to head to the hill stations for a family vacation to escape the scorching heat. What if you could enjoy a free hotel stay with your credit card reward points? Some banks have partnered with frequent flyer programs (FFPs) of airlines and hotel loyalty…
The Reserve Bank of India (RBI) has recently reduced the repo rate by 50 basis points. This gives the home loan borrowers a timely chance to recheck, replan and decide on their repayment strategies. In such a case lowering your Equated Monthly Instalments (EMIs) can immensely ease your financial burden and result in significant interest…
Equitas Small Finance Bank (SFB), is one of the nation’s leading financial institutions. It has a market capitalisation of â‚ą7397 crore. This bank provides several offers on a wide range of credit cards. These credit cards are designed to meet various financial needs and aspirations of credit card holders such as health expenses, education, home…
Dividend stocks: Muthoot Finance, Anant Raj, Shilchar Technologies Ltd, Mahindra Logistics, Pitti Engineering are the 5 companies that will declare dividends today Details of 5 companies to declare dividends today Muthoot Finance Ltd– The meeting of the Board of Directors of the Company is scheduled on 21/04/2025 , which is to consider and approve Interim…
Q4 results today: Indraprastha Gas, Mahindra Logistics, Alok Industries, and Tata Investments, among at least 16 companies releasing their Q4FY25 results today, on April 21. For the earnings ahead, Vinod Nair, Head of Research, Geojit Investments feels that a sector-specific or stock-specific investment strategy is likely, “driven by upcoming earnings releases and subsequent management commentary,…
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a tepid note on Monday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended mostly lower over the weekend, with investors focusing on China’s loan prime rate decision, US-Iran talks…
The Nifty Bank has risen 9% over a month (19 March to 17 April), making it among the best-performing indices in anticipation of better earnings from its 12 constituents. Given the stellar rally of the past month, option sellers are expecting a moderate rise and have sold straddles, hoping to pocket the premia paid by…
