Will demonetisation reduce demand for rented properties? Many, including salaried employees, have invested in a second house taking advantage of the availability of bank loans. Owing to the unique mechanism of taxing `income from house property’, challenges arise due to demonetisation during income-tax (I-T) assessment, especially if the second house is lying vacant. In such […]
Tag Archives: Black Money
Black Money is not really black but the ownership of this money is not from reliable sources so it is called “Black Money”
Get interest on exchange of old notes – Now MUMBAI: The premium for illegal exchange of old currency notes has collapsed and money changers are proposing to pay interest on old notes provided the owner agrees to lock in the money for a year or more.
Industrial workers to get only cashless payments soon A Bill – Payment of Wages (Amendment) Bill, 2016 – has been prepared which will be tabled after the Cabinet approves the measure that Industrial workers to get only cashless payments.
Service Tax not payable when single transaction value is below INR 2,000/- paid through card Notification Number 52/2016 – Service Tax dated 8th December, 2016 has been issued to add new entry number 64 to the mega exemption notification number 25/2012-Service Tax. The notification is coming into effect from 08th December, 2016.
Fraud in India on debit cards – How safe is the Debit Card? In the news sometime back it was shown that SBI had blocked about six lakh debit cards after it suspected a malware-based breach was detected in an ATM network outside the bank’s purview. About 30-32 lakh debit cards are learnt to have […]