After the withdrawal of currencies of Rs.500 and Rs.1,000 Government of India proposed the changes in penalty clauses calling it as Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY).These changes were done after there is a huge concern by many who holding black … [Read more...]
Archives for November 2016
EPF Grievance Cell -Lodge EPF related complaints online
I noticed that employees don't know where to complain when it is related to resolving their EPF related issues. But luckily EPFO provided online grievance registration platform. You can easily lodge EPF related complaints online and track the same also. Features of EPF Grievance Management … [Read more...]
Deposit of old Rs.1,000 and Rs.500 notes -Which transactions reported to IT Dept?
There is a huge confusion and concern among many about tax and penalty on deposit of old Rs.1,000 and Rs.500 notes. It is a biggest fear factor among many. Hence, let us understand in detail about the same.When you deposit old Rs.1,000 and Rs.500 notes, then such transactions will be … [Read more...]
How to identify original or genuine Rs.2,000 and Rs.500 notes?
How to identify original or genuine Rs.2,000 and Rs.500 notes? After some days you may find some fake Rs.2,000 or Rs.500 currency notes. Hence, let us understand the features of newly issued Rs.2,000 and Rs.500 notes. How to identify original or genuine Rs.2,000 and Rs.500 notes? There are many … [Read more...]
How to deposit or exchange old Rs.1,000 and Rs.500 cash?
Starting from 10th November, 2016 to 31st December 2016 you can deposit or exchange old Rs.1,000 and Rs.500 cash in all Banks and Post Offices. What care we have to take and what documents we have to submit while exchanging or depositing the currency notes?Let us see the full details of the … [Read more...]
How to identify fake 10 Rupee coins?
We all have a strong belief that only currency notes like Rs.100, Rs.500 or Rs.1,000 can be faked but not rupee coins. But you may surprise that now there are few news items about circulations of fake 10 rupee coins also. Let us see whether such news items are just rumor or real. If it is real, then … [Read more...]
5 unknown meanings of Investment which makes you RICH!
We all know the actual definition of the word investment. It is nothing but putting your money in some product to grow. However, in this post, I will try to explain 5 unknowing meanings of investment.What is the difference between Savings and Investment? Let us first understand the basic … [Read more...]