The Goods and Services Tax (GST) system in India mandates that certain registered taxpayers, specifically those required to deduct Tax Deducted at Source (TDS), file GSTR-7 returns every month. The return captures the details of TDS deducted, paid, and payable, including any refund claims. While filing GSTR-7 is necessary for taxpayers involved in TDS deductions, …
Retirement planning is crucial, especially when inflation is a silent yet powerful force eating away at your purchasing power. In this article, let’s examine the situation using Rahul’s example across three income-level scenarios. We have used Angel One’s retirement calculator for the analysis. Scenario 1: Rahul’s Annual Expense Amount to ₹6 Lakh Age: 40 years …
Retirement planning is crucial, especially when inflation is a silent yet powerful force eating away at your purchasing power. In this article, let’s examine the situation using Rakesh’s example across three income-level scenarios. We have used Angel One’s retirement calculator for the analysis. Scenario 1: Rakesh’s Annual Expense Amounts to ₹6 Lakh Age: 35 years …
Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana on December 9, 2024, a transformative initiative by the Life Insurance Corporation (LIC). This scheme is designed to empower rural women by providing them with opportunities to become insurance agents, fostering both financial independence and enhanced insurance awareness in underserved areas. The project envisions enrolling …
On December 4, 2024, the Goods and Services Tax Network (GSTN) issued an important advisory outlining new guidelines for the filing of GSTR-7 returns. Effective from October 2024, it is now mandatory for GST-registered taxpayers, specifically those who deduct Tax Deducted at Source (TDS), to follow a sequential filing process. This new rule aims to …
Every one of us has a little activist within us, urging us to stand up for what is right. At the heart of these values lies the concept of human rights—fundamental freedoms and protections that belong to every individual, regardless of their background, nationality, or identity. Human rights, as outlined by the United Nations in …
In 2024, major companies like Reliance Industries and Wipro announced bonus share issues, which created a lot of excitement in the stock market. If you’re wondering whether the bonus shares have been credited to your Demat account, here’s how you can check and stay informed. Don’t worry—this guide simplifies the process for you. Credit Process …
As per news reports, Maharashtra plans to review the Mukhyamantri Majhi Ladki Bahin Yojana, a popular government welfare scheme, to ensure that only eligible beneficiaries continue to receive benefits. Eligible women receive a financial benefit of ₹1,500 per month, which is directly deposited into their Aadhaar-linked bank accounts. The scheme targets women in the age …
The RBI (Reserve Bank of India) will declare its decision on the interest rate today at 10 AM. The announcement follows a 3-day meeting of the Monetary Policy Committee (MPC), chaired by Governor Shaktikanta Das. Economists foresee that the central bank will maintain the repo rate at 6.5%, unchanged since February 2023. Some adjustments to …
Central banks across the globe purchased 60 tonnes of gold in October 2024, according to the World Gold Council (WGC). The Reserve Bank of India (RBI) led the buying spree, adding 27 tonnes to its reserves. India’s Gold Reserves Hit 882 Tonnes With the October addition, India’s gold reserves now stand at 882 tonnes, of …
