From next year, only the nominated members will be able to withdraw the EPF savings in the event of subscribers' sudden demise.
All hospitals, nursing units, dispensaries and COVID care centres will be able to accept cash over Rs 2 lakh from the patient's family. The exemption will be applicable on all transactions between April 1 and May 31
The report also looks into the strongest insurance brands. The list is led by Italy's Poste Italiane, followed by Spain's Mapfre, and India's LIC
Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been incorporated in the forms, CBDT said in the notification for the new ITR forms
Following the cancellation of its licence, The Karad Janata Sahakari Bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect
The new interest rates for small savings schemes will remain in effect for the first quarter of financial year 2020-21, that is from April 1, 2020 to June 30, 2020
While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well
If the gift amount is significant, chances are you will end up paying the highest tax rate of 30 per cent on your gift