Nirmala Sitharaman, Hon’ble Finance Minister, presented the first budget on 23rd July 2024, of the current government. The budget, particularly, focuses on employment, skilling, MSMEs, and the middle class and…
Finance
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Finance
3 employment-linked schemes under EPFO announced in Budget 2024
by Taxchanakyaby TaxchanakyaFinance Minister Nirmala Sitharaman on Tuesday announced three employment-linked incentive schemes under the Employees’ Provident Fund Organisation (EPFO) to boost hiring under Union Budget 2024- 2025 Schemes, including Scheme A…
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FinanceRBI
RBI Fair Practice Code: Now Interest will be charge by Lenders from the date of receipt of funds in Bank Account
by Taxchanakyaby TaxchanakyaHome Loans, Mortgage Loans or any type of Loans, customer usually starts to make payment of Interest from the date of disbursement of loan even though they don’t receive actual…
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Section 6(1A) of the Act A new sub-section (1A) to Section has been inserted with effect assessment year 2021-22 to provide that notwithstanding anything contained in sub-section (1), an individual,…
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One person companies are in existence in certain countries. In India this concept has been mooted by the Ministry of Corporate Affairs by allowing One Person Companies in India in…
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FinanceIncome Tax
Non Payment of Income Tax cannot be termed as Tax Evasion – Madras HC
by Taxchanakyaby TaxchanakyaThe Madras High Court has quashed the prosecution initiated by the income tax department under section 276C(2) of the Income Tax Act, 1961 by holding that there is no willful…
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FinanceReal Estate
RERA Gujarat (GUJRERA) – Know About RERA Gujarat Before Buying a House in 2024!
by Taxchanakyaby Taxchanakya In 2017, Gujarat’s state government published the overarching rules for the Gujarat Real Estate (Regulation and Development) Act, putting the Gujarat RERA (GUJRERA) into effect ever since. RERA Gujarat supervises the real estate sector…
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FinanceReal Estate
Seller’s Home Loan Balance Transfer with Bank/NBFCs
by Taxchanakyaby TaxchanakyaA home loan is a secured loan that is obtained to purchase property by offering property to be purchase as collateral. Looking at current property rates in different cities and…
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FinanceRBI
RBI IMPLEMENTS STRICTER MEASURES ON CONSUMERCREDIT AND NBFCS
by Taxchanakyaby TaxchanakyaThe Reserve Bank of India (RBI) has recently implemented regulatory measures aimed at addressing the rapid growth in consumer credit and the increasing dependency of Non-Banking Financial Companies (NBFCs) on…
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‘Home’ brings to mind comfort, joy, pride and family time. Every homeowner will tell you that her home gives her a sense of identity and its ownership is sacrosanct; this is…