The Income Tax Department lays down the due date for each taxpayer for filing returns, paying taxes, furnishing certificates and so on. A failure, default or delay in doing so results in payment of late fees and penalties. Hence, you...

Budget 2023 Updates The amount of advance tax paid is reduced only once for computing the interest payable u/s 234B if the taxpayer files an updated ITR. Advance tax is paid on income that one earns during the year, usually...

Universal Account Number (UAN) is a 12-digit unique number that EPFO assigns to every employee. This number remains the same throughout the employment tenure of an individual. All the PF contributions from various jobs can be managed with one UAN....

Gold is an asset that holds emotional and social value in India. It is the most coveted asset that is also considered an auspicious investment. But holding physical gold comes with its own set of risks and costs. Hence, the...

The small savings scheme interest rates are decided by the Ministry of Finance every quarter. The interest rates of small saving schemes are announced every quarter. This article covers various small savings schemes and small savings scheme interest rates in...

PM Narendra Modi announced the Retail Direct Scheme that aims to increase retail investor participation across government securities. Retail investors have to open a Retail Direct Gilt (RDG) Account with the Reserve Bank of India on their Official Website. Also,...

Post Office Tax Saving Schemes are good investment options that offer guaranteed income. Moreover, investments in these schemes qualify for tax exemption under Section 80C of the Income Tax Act, 1961. Since the Government of India backs the schemes, the...

How does a Ponzi scheme make money? A Ponzi scheme is an investment scam where the returns for earlier investors are paid from the money collected from later investors. The investors of such schemes are promised high returns with little...