PPF to fetch 7.1%, NSC 6.8% as govt slashes small savings schemes interest rates
Rates of these schemes have been slashed by between 70 bps and 140 bps for the Apr-June quarter.
Preeti Motiani
PSU banks announce loan EMI moratorium for customers via tweets
Lenders like Punjab and Sindh Bank, PNB, Canara Bank have announced EMI loan deferment via Twitter.
New tax regime and other tax changes that will come into effect from April 1
The government via a press release dated March 30, 2020, has clarified that there is no extension of the financial year. Here is a look at seven new tax rules that will come into effect from the new financial year, i.e. April 1, 2020.
COVID-19 impact: What RBI's emergency rate cut means for your loans, fixed deposit investors
The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent.
Tax-saving investments for FY 2019-20 allowed till June 30, 2020
According to chartered accountants, this means that individuals can complete their tax-saving exercise for the ongoing financial year 2019-20 by June 30, 2020.
PAN-Aadhaar linking deadline extended to June 30, 2020
For those who are yet to link their PAN with Aadhaar, this extension will come as a relief as not linking the two will lead to the PAN becoming 'inoperative', as per current income tax laws.
Why you should file belated ITR, correct ITR errors before March 31
Once this opportunity is missed, then you will not be able to file your ITR for FY 2018-19. In such a case you will be able to file the ITR only in response to a notice or apply to the income tax department for permission to file the ITR if a refund is due.
Will govt extend these five financial deadlines amid coronavirus outbreak?
All over the country, cities have partially locked down and people are working from home - this is because people have been told to avoid crowded places. The question now arises: will the government extend some of these financial deadlines?
No ATM PIN for online transactions and other measures to make digital payments safe
The guidelines state that payment aggregators, such as Razorpay, CC Avenue etc., will now have to stop giving the option of using ATM PIN to users to complete online transactions. Here is a closer look at the guidelines and how it can keep your digital life safer.
PAN-Aadhaar linking: What happens if both are not linked by March 31?
The tax department has been putting out regular reminders regarding the same on its official Twitter handle. The department tweeted saying that it was "mandatory" to link PAN with Aadhaar and advised people not to "miss" the stipulated deadline of March 31.
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