What are the new rules regarding Tax Collection at Source (TCS) implemented by the Reserve Bank of India (RBI)? The RBI has decided to implement new rates of TCS, which is a tax levied on various transactions made by Indian citizens abroad. These new rules will come into effect on October 1, 2023. How will…
What is the recent change in windfall tax on domestic crude oil? The Finance Ministry has reduced the special additional excise duty (SAED) on the sale of crude oil from Rs 7,100 per tonne to Rs 6,700 per tonne, effective from September 2 When was the windfall tax initially imposed on domestically produced crude oil?…
Why do some credit card users pay more than the bill amount due each month? Many credit card users choose to pay more than the bill amount to avoid issues with their credit limits, especially when they anticipate making large payments in the following month. This practice has been a common strategy among cardholders for…
What is the recent RBI directive for documents release to the borrowers? The recent directive from the RBI instructs banks and financial institutions to promptly return original documents related to both immovable and movable assets within 30 days of a borrower’s full loan repayment. Click on the picture below to Open Demat account with Zerodha…
What is the feature of “UPI Now-Pay Later”? In a traditional UPI transaction, having a sufficient balance in your bank account is a prerequisite. But life is unpredictable, and there may be times when you need to make a payment, and your account balance falls short. This is where UPI Now-Pay Later comes to the…
Olectra Greentech share review – Business Incorporated in 2000, Olectra Greentech Limited (OGL) is a leading manufacturer of electric buses in India and completed homologation of first E-Bus in 2017. They are manufacturers of the seven-meter, ninemeter and twelve-meter models of the air- conditioned electric buses in India. Company’s manufacturing facilities located in Hyderabad, with…