The failures of Indian banks in the recent times has taught us simple reasons as to why, perhaps, it is good to keep only Rs 5 lakh in a bank.
The RBI also superseded the LVB board and appointed TN Manoharan, former non-executive chairman of Canara Bank, as its administrator for 30 days.
The taxability of the gift is determined on the basis of the aggregate value of gift received during the year and not on the basis of individual gift.
At the end of October 2019, LIC held a market share of 70.9 percent while private insurers held 29.1 percent based on new premium collection
Critical illness insurance policies provide financial support to the insured if they are diagnosed with cancer.
Ministry of Road Trasport & Highways (MoRTH) on Saturday said that a valid FASTag is mandatory while getting a new third party insurance through an amendment in Form 51 (Certificate of Insurance), wherein the details of FASTag ID shall be captured and this will be applicable from April 1.
An emergency corpus can be built over a period of time, allocating a portion of the income in a disciplined manner. In case you use up a part of the corpus for any sudden requirement, you need to replenish the same as quickly as possible for future use.
For professionals and others, who don't get regular salary, Income Tax Returns (ITRs) are used as income proof for various purposes.
Legal heirs of the dead must file income-tax returns for income earned in the year the dead passed away. Legal heirs cannot just merge the income with their own income and file just one tax return