Rates of these schemes have been slashed by between 70 bps and 140 bps for the Apr-June quarter.
Lenders like Punjab and Sindh Bank, PNB, Canara Bank have announced EMI loan deferment via Twitter.
The government via a press release dated March 30, 2020, has clarified that there is no extension of the financial year. Here is a look at seven new tax rules that will come into effect from the new financial year, i.e. April 1, 2020.
The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent.
According to chartered accountants, this means that individuals can complete their tax-saving exercise for the ongoing financial year 2019-20 by June 30, 2020.
For those who are yet to link their PAN with Aadhaar, this extension will come as a relief as not linking the two will lead to the PAN becoming 'inoperative', as per current income tax laws.
Once this opportunity is missed, then you will not be able to file your ITR for FY 2018-19. In such a case you will be able to file the ITR only in response to a notice or apply to the income tax department for permission to file the ITR if a refund is due.
All over the country, cities have partially locked down and people are working from home - this is because people have been told to avoid crowded places. The question now arises: will the government extend some of these financial deadlines?
The guidelines state that payment aggregators, such as Razorpay, CC Avenue etc., will now have to stop giving the option of using ATM PIN to users to complete online transactions. Here is a closer look at the guidelines and how it can keep your digital life safer.
The tax department has been putting out regular reminders regarding the same on its official Twitter handle. The department tweeted saying that it was "mandatory" to link PAN with Aadhaar and advised people not to "miss" the stipulated deadline of March 31.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon