by AIP Online Bureau | Aug 9, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Technology
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday. “UPI has become the most preferred mode of payment, due to its seamless features....
by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Wealth Management/ Philanthropy
The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000. The deduction on family pension for pensioners is proposed to be enhanced from Rs 15,000 to Rs 25,000/-. This will provide relief to about four crore salaried...
by AIP Online Bureau | Jun 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life
Officials in the Ministry of Finance have discussed proposals to reduce taxes for consumers with the highest propensity to spend, the people said, asking not to be identified because the talks are private Prime Minister Narendra Modi’s government is considering...
by AIP Online Bureau | May 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Nirmala Sitharaman, union finance minister Finance Minister Nirmala Sitharaman reacted to a post on X by a TV news channel claiming that in a sweeping change, the Income Tax Department is planning to impose uniform treatment for all asset classes New Delhi: Finance...
by AIP Online Bureau | Mar 10, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology
“On the basis of analysis of the taxes paid so far during the current financial year, the Department has identified suchpersons/entities where payment of taxes for F.Y. 2023-24(A.Y. 2024-25) is not commensurate with the financial transactions made by the...
