Tax

Not serving notice period at job to attract 18% GST

The Gujarat Authority of Advance Ruling has held that an employee exiting a company without completing notice period would be liable to pay 18% goods...

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Regulation

IRDAI sets up expert committee to advice on improving health insurance in India

India’s insurance regulator IRDAI has set up an advisory committee composing some of the country's foremost medical practitioners and...

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Tax

Dubai-based executive of HDFC Bank made to pay tax on ESOPs in India

In a recent order, the ITAT (Income Tax Appellate Tribunal) bench rejected the contention of the HDFC Bank employee that the ESOPs related to...

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Regulation

Revenue department clarifies KYC requirements for gold, silver purchases above Rs 2 lakh

No new KYC disclosures have been mandated for cash purchase of gold, silver or precious gems and stones and only high-value cash transactions...

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Banking

Axis Bank removes penalty on premature closure of new term deposits of more than 2 years

Axis Bank has removed the penalty on premature closure of all new retail term deposits booked on or after December 15, 2020 for tenure of 2 years or...

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Banking

Banks have not passed full benefit of low interest rates to borrowers

The Reserve Bank has been aggressively signaling lower rates to revive the economy since the pandemic induced nation-wide lockdown by making the cost...

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Stocks

BSE resolved 440 investor complaints against 232 listed companies in December

Leading stock exchange BSE said it resolved 440 complaints against 232 listed companies in the month of December. It settled 427 complaints against...

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Consumer Issues

Government may extend deadline for FASTag use for toll payment on National Highways

The government is set to extend the deadline for 100% collection of toll charges on the National Highway (NH) network through FASTag, reports The...

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Banking

Post Office Savings Bank accounts to become interoperable with other banks by April

India Post expects to make the Post Office Savings Bank interoperable with other bank accounts by April and will focus on enhancing digitisation of...

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Consumer Issues

More than 50% of Indians recharge their phones online

The share of digital mobile phone recharges in India crossed 50% for the first time in 2020 as the pandemic led people to minimise stepping out to...

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