The FinTech Hub
Source: Live Mint Cybercrime tricks: With the rising number of cybercrimes in the country, India’s largest bank, the State Bank of India, has issued an advisory outlining possible ways in which fraudsters can trick customers. 10 common cybercrime tricks TRAI Phone Scam: Some fraudsters may threaten to suspend your mobile services over allegations of illegal…
Source: Live Mint This is the time of the year to submit proof of investment with your employer in order to claim tax exemption. If you fail to do so, you may miss out on your tax saving. Although you have perhaps already intimated your company’s HR about the amount of investments that you made…
Source: Live Mint While the calendar Year 2024 is set to culminate in another 14 days, income taxpayers are meant to reveal any undisclosed foreign income or assets that they possess. The income tax department has set a deadline of December 31 for filing a revised return for those who failed to disclose their foreign…
Source: Live Mint In order to bring early resolution of disputes pertaining to income tax, the Ministry of Finance rolled out Vivad Se Vishwas Scheme in October 2024, while the rules and forms were notified a few days earlier on Sept 20. After enactment of the scheme, a number of queries were received from the…
Source: Live Mint If you missed filing your income tax return (ITR) before July 31 then you do not need to fret! You can still file your tax return before December 31. For the financial year 2023-24 (AY 2024-25), while the last date of filing income tax return for individual taxpayers was July 31, one…
Source: Live Mint Self-employed individuals can avail of personal loans by providing their Income Tax Return (ITR) documents as proof of income. Banks typically assess their income tax returns (ITRs) to assess their financial stability, repayment capacity, and eligibility. If you want to procure a personal loan, you need to gather an income tax return (ITR)…
Source: Live Mint My sister and I inherited a property from our mother in in 2020. I’m a US citizen with an Overseas Citizenship of India (OCI) card, while my sister lives in India. Both of us are now selling the property to an Indian. The buyer has requested my PAN details to deduct TDS….
Source: Live Mint Have you ever wondered why your income tax (I-T) refund has still not come, whereas your colleagues and friends have got the same? The reason could be that your current year’s refund may have been adjusted against your old income tax demand, embroiled in any long-pending appeal, before the commissioner (appeals). A…
Source: Live Mint A new month has begun and the year 2024 is about to culminate in a span of 31 days. With this, some changes have come into effect, or set to be effective, which will directly impact your pocket in terms of the money you can save or invest for your future. Starting…
Source: Live Mint The Income Tax (I-T) department had rolled out a new e-Pay Tax service wherein the entire chain of activities related to payment of direct taxes, from generation of challan (CRN) to making payment and recording of the payment history is enabled through the e-Filing portal for authorized banks. Taxpayers are offered a…
