June 25, 2017
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Here we provide all the exxclusive finance related news and updates regularly for our beloved readers.

GST: Muted income for companies for Q1

Growth and Service Tax (GST) will come into effect from July 1 and companies are already feeling the heat of lower earnings in the first quarter of this Financial Year. Customers wish to avail the tax benefits from the next quarter and companies are taking a hit on their inventory which would sell without the tax benefit of ‘One Nation …

GST regime won’t includes Health & Education

The final roll-out of the Goods and Service tax is scheduled on July 1st and before that the Goods & Services Tax Council in a meeting on Friday in Srinagar chalked out the rules and tax rates for commodities and services. For goods like Gold, Textile, precious metals and footwear will be decided in the council’s meeting on June 3rd. …

Tax Saving Tips for Salaried People, Check to Avail the Benefits in All Plausible Ways

tax-saving-tips-for-salaried-person

The General Budget introduced a few days ago comes as a boon for farmers, financially weaker section, women and children belonging to rural areas, etc. However, the education sector receiving a budget in the second term, the levy of taxes reducing from 10% to 5% over 2.5 lakhs to 5 lakhs salary slab gives million of salaried people hope to save a …

Budget 2017: Here Are 10 Tax Saving Tips For You To Beat The Taxman!

Tax-Planning

Post the union budget, the one question on everyone’s minds is how an average salaried Indian will save taxes and maximize his or her income. We covered the budget yesterday in real time here and we also welcomed the tax breaks given to the average salaried Indian. Despite the tax breaks, however, the prevailing high rates of inflation demands that maximum …

HDFC Raises 3000 Crore INR Amid RBI Permission Via Masala Bonds

HDFC-to-raise-3000-crore-via-masala-bond-in-first-ever-act

The Housing Development Finance Corporation Bank finally took a breath of relief when Reserve Bank of India gave permission to raise as much as Rs. 3000 crores through the help of masala bonds. Such bonds are ways to raise capital in overseas but in Indian denomination rather than in local currency. Although the bank had already exceeded the limit of …

How To Get Rs 2000 Cash Using Debit Card From Petrol Pumps in India

2000-rupee-note-provided-by-petrol-pumps

Exhausted of standing in serpentine queues in front of bank branches and ATMs? Well, we have a solution. Union cabinet on Friday solved one of the most tiresome queries till date, and that is receiving a 2000 rupee note. Yes, it truly seems possible now. The Center made an announcement that people can swipe their Debit Cards from any Government run …

L&T Infotech Acquires AugmentIQ Pvt. Ltd. To Provide Big Data Benefits

l&t-acquires-augmented-iq

IT solutions and services provider tech conglomerate L&T Infotech has acquired AugmentIQ Pvt. Ltd. for an undisclosed amount. The Pune-based startup firm helps in providing IP-based offerings, big data and analytics solution which would now support the tech giant to help various enterprises derive business benefits from sharing big data analytics. The acquisition would help L&T expand in high-end analytics …

GST To Raise the Price of Household Items and Monthly Budget of Middle Income Group

Household items are going to hole your pocket soon because FMCG companies agreed on 15-18% tax on the items. FMCG manufacturers see a spurring growth after a uniform tax slab is implanted. Though there are a lot of confusions debates, have been heating up between States and Centre on tax money distribution pattern. The whole structure of the GST bill …

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