Harsha Jain, the co-founder of Groww, said that a large pie of new accounts has come in through digital platforms especially during the nation-wide lockdown to curb coronavirus

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

Profit-driven enterprises are ill-suited to protect the health and life of a vast majority of people, as the US and Indian governments experience, but do precious little, thereby failing in their primary duty

EMI of your loan consists of two parts -- interest amount and principal repayment

Essentially, neobanks are like traditional banks, but with a strong digital touch and customised solutions. They do not have direct banking licences by the RBI. They tie up with traditional banks to provide banking services licenced to them, but with digital tools

A slowing economy and widespread stress in India Inc. are creating opportunities for promoters and strategic investors to ink M&As, buy back shares and delist

In an even more encouraging trend in the life insurance segment, customers are no longer treating insurance simply as an investment product

The CBDT said that financial transaction information received from filers would be shown in the new Form 26AS \"to facilitate voluntary compliance, tax accountability and ease of e-filing of returns\"

If you invest in fixed rate bond at lower rate and the rate increases after some time you incur notional loss. One of the most unique advantages with this bond is that it will not carry an interest rate risk like the fixed rate bonds

A good number of depositors prefer big banks over small banks as they perceive them to be safer for investment

The total programme expenditure up to June, in the current fiscal was around Rs 8,923 crore as against the last years expenditure of around Rs 9,399 crore

NPS has three basic investment options in the form of equity fund, corporate bond fund and government security fund where you can divide your investment based on your preference

Among other measures, the Income Tax Department has extended various timelines to help the taxpayers remain on the right side of the law even during the times of pandemic and repeated extensions of lockdowns to prevent spread of coronavirus

Under this, a secure QR coded shipping bill would be electronically sent to exporters after the customs allows export, the CBIC said to all principal chief commissioners of customs and central tax

On similar lines, ICICI Bank has started offering a facility through which customers can get instant sanction letter for education loans up to Rs 1 crore to finance higher studies for themselves or their children

If you have already made enough tax-saving investments or have exhausted your Section 80C limit, you can opt to claim deductions on tax-saving investments that you are going to make (during this extended period to make tax-saving investments for FY20) in FY21

Stock Market LIVE Updates: PowerGrid, NTPC, SBI, UltraTech Cement, M&M, HDFC Bank and Kotak Bank were among the top losers on Sensex pack. On the contrary, Maruti, Tech Mahindra, Axis Bank and Infosys were among the gainers

Most commercial banks offer auto-sweep facilities on the SB account in which an auto sweep FD gets linked to your SB account and whatever excess amount you have in the account gets transferred automatically through a sweep out process to book an FD

Hero MotoCorp's profit after tax for January-March quarter dropped 26.46 per cent to Rs 621 crore vs Rs 730 crore in Q4 FY19, while revenue fell to Rs 6,238 crore compared to Rs 7,885 crore in Q4 FY19

The ITR forms 1 and 4 can be filed online either by downloading excel or Java utility whereas, other ITR forms will be available soon