economy

TDS of 1% will be levied on all payments made to e-commerce participant/sellers/retailers by e-comm operators (Amazon, Flipkart, etc), under the Section 194-0 from October 1, 2020. With the number of vendors enrolling themselves with…

You will be charged higher income tax, as a penalty of either not adding unexplained cash/valuable(s) in your tax filings or if you are unable to explain the source and reason of such an entry to the IT officers. We have covered a…

After multiple backlashes across the world, Huawei has emerged as the number one smartphone seller in the world. In India, OnePlus leads the table in the premium segment as the number one smartphone seller among flagships. Huawei has the…

No Brokers Required! SEBI Will Soon Allow You To Directly Invest In BSE, NSE Without Any Broker According to a report published by HDFC Securities in March 2019, the Indian online trading industry took a quick rise. The trading…

Lockdown 4.0 guidelines? Latest relaxations? Availability of public transport in Lockdown 4.0? Here's everything you need to know. The current lockdown has now been officially extended till May 31. The Lockdown 4.0 will continue with a new…

Very Soon, You Pay Income Tax Via UPI, Mobile Wallets, Credit/Debit Card! Income Tax Department and Govt of India is collaborating to make the process of paying income tax easier, and seamless. Ushering a new wave of reforms for…

This can easily be described as Google’s boldest ever move, when it comes to consumer banking. For the first time ever, Google will offer checking accounts for all users, in partnership with CITI Bnak. Although Google has…

Bengaluru Woman Calls Fake Swiggy Go Helpline; Loses Rs 95,000 Via Fraud “When internet fraudsters impersonate a business to trick you into giving out your personal information, it’s called phishing”. As per the reports coming in…

New Tax Slabs Soon: 10% For Income B/W Rs 5 Lakh & Rs 10 Lakh A high-level tax force set up by the government submitted a report to the Finance Ministry on new Direct Tax Code, earlier this month. This report brings in radical…

Draconian Angel Tax Abolished For Indian Startups Since this term has started, the new finance minister, Nirmala Sitharaman has made many changes and additions in the new finance model governing the economy of the country. Amidst the…

Parle can fire 10,000 employees I am sure we have all grown up eating the Parle G biscuits, at least once in our childhood days. Once known as Parle Gluco, the Mumbai headquartered company’s biscuits was renamed as Parle-G and became…

This has been a long weekend and don’t we just love long weekends? Anyhow, it appears that the same cannot be said for the top ranking companies of the country. Heavy losses were suffered by these companies in the past week,…

The primary reason being that traditional HFCs are not able to determine the loan repayment capability of the self-employed, as this category of loan seekers have low credit penetration.

Currently with over a dozen of them operating in the Indian digital space, WhatsApp has a huge advantage over the others with its massive user base. WhatsApp Payments will be going against some of the top-performing digital payments…

The basic income will have to go up and allowances such as house rent, travel, medical etc will have to be capped at 50% of the overall take-home salary.

The Supercash on MobiKwik has been heavily criticized for luring in customers without giving back any actual benefit to the user.

Directly targeting RuPay, Visa has slashed the maximum charges in the sub-Rs 2000 bracket of debit card transactions, which indicates their aggressive stand

After dominating QR Code mode of payments it has emerged that Paytm now plans to roll out a massive quantity of PoS machines, all over India.

ATM Fraudsters are using ATM Skimming, an illegal way to copy ATM card details in order to scam users. This is a criminal and punishable offence.

Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.