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Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
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Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
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Why Filing ITR Is Essential And Who Must File It
Filing an Income Tax Return (ITR) in India is crucial for several reasons: it facilitates easy loan approvals, enables tax refunds, serves as proof of income and address, expedites visa processing, and ensures financial transparency.
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Tax Consultant Hires Men To Kill Businessman To Avoid Repaying Rs 1.5 Crore Loan, Arrested
A 40-year-old tax consultant and his accomplice were arrested in connection with the brutal murder of a 55-year-old businessman in Thane city of Maharashtra, police said on Sunday.
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Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
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Pak Minister Says Will Impose 170 Billion In Taxes As IMF Deal Stuck
The Pakistan government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme, Finance Minister Ishaq Dar said on Friday
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Pak To Impose Taxes Worth Rs 200 Billion To Comply With IMF Terms: Report
Pakistan has prepared two draft ordinances to impose Rs 200 billion in new taxes, days after it accepted International Monetary Fund's (IMF) demands to resume a stalled loan programme, an official said on Saturday, reported Dawn.
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Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
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Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.
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Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
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Revdi vs Gajak: Congress Attacks PM For Freebie Remarks
Why were bank loans worth Rs 5.8 lakh crore written off and why was corporate tax worth Rs 1.45 lakh crore reduced, the Congress asked on Friday while attacking Prime Minister Narendra Modi over his remarks about ending the freebie culture
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IMF Agrees To Resume Pakistan Loan After Fuel, Tax Hikes
The International Monetary Fund (IMF) said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
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Vehicle Insurance Premiums To Banking Services: Here’s What’s Going To Be Costlier From June 1
The Ministry of Road Transport and Highways has increased the third-party motor insurance premium for various categories of vehicles
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Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report
The central tax devolution is likely to rise to Rs 9.3 lakh crore in 2022-23 from Rs 8.8 lakh crore in 2021-22
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Tax Raids At Fintech Firm; Rs 500-Crore Allegedly Sent Abroad Illegally
A fintech company engaged in giving instant loans through a mobile app has been found to have repatriated Rs 500 crore "non-genuine" funds overseas, the CBDT said on Wednesday.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Union Budget 2025: Tax Deduction Terms You Should Know Ahead Of Budget
Tax Deductions: A tax deduction is an expense or expenditure that can be subtracted from an individual's or business's total income, resulting in a lower taxable income.
-
Why Filing ITR Is Essential And Who Must File It
Filing an Income Tax Return (ITR) in India is crucial for several reasons: it facilitates easy loan approvals, enables tax refunds, serves as proof of income and address, expedites visa processing, and ensures financial transparency.
-
Tax Consultant Hires Men To Kill Businessman To Avoid Repaying Rs 1.5 Crore Loan, Arrested
A 40-year-old tax consultant and his accomplice were arrested in connection with the brutal murder of a 55-year-old businessman in Thane city of Maharashtra, police said on Sunday.
-
Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Pak Minister Says Will Impose 170 Billion In Taxes As IMF Deal Stuck
The Pakistan government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme, Finance Minister Ishaq Dar said on Friday
-
Pak To Impose Taxes Worth Rs 200 Billion To Comply With IMF Terms: Report
Pakistan has prepared two draft ordinances to impose Rs 200 billion in new taxes, days after it accepted International Monetary Fund's (IMF) demands to resume a stalled loan programme, an official said on Saturday, reported Dawn.
-
Paytm Payments Bank Wins Final RBI Nod, Can Operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank said on Monday that the company had received final approval from the Reserve Bank of India to offer bill payment services in the country. The service can now function as a Bharat Bill Payment Operating Unit (BBPOU) in India, with support for bill payment services of electricity, phone, DTH, water, gas insurance, loan repayments,...
-
Banks Wrote Off Bad Loans Worth Over 10 Lakh Crore In Last 5 Financial Years: Minister
"Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards," Nirmala Sitharaman said.
-
Paying Cash Over The Limit At Hospitals, Banquet Halls, Can Land You In Trouble
Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.
-
Revdi vs Gajak: Congress Attacks PM For Freebie Remarks
Why were bank loans worth Rs 5.8 lakh crore written off and why was corporate tax worth Rs 1.45 lakh crore reduced, the Congress asked on Friday while attacking Prime Minister Narendra Modi over his remarks about ending the freebie culture
-
IMF Agrees To Resume Pakistan Loan After Fuel, Tax Hikes
The International Monetary Fund (IMF) said Thursday it had agreed with Pakistan to resume a suspended loan programme that will inject $1.17 billion into the struggling economy.
-
Vehicle Insurance Premiums To Banking Services: Here’s What’s Going To Be Costlier From June 1
The Ministry of Road Transport and Highways has increased the third-party motor insurance premium for various categories of vehicles
-
Government's Tax Devolution May Exceed Budget Estimate In Current Fiscal: Report
The central tax devolution is likely to rise to Rs 9.3 lakh crore in 2022-23 from Rs 8.8 lakh crore in 2021-22
-
Tax Raids At Fintech Firm; Rs 500-Crore Allegedly Sent Abroad Illegally
A fintech company engaged in giving instant loans through a mobile app has been found to have repatriated Rs 500 crore "non-genuine" funds overseas, the CBDT said on Wednesday.
