FINANCE

Why you have not received ITR Refund till now? Some of the ITR filing cases go for scrutiny by the Income Tax Department to ensure accuracy and compliance. If your return has gone for scrutiny, then the ITR refund will take time to be credited to the account. July 31 was the deadline to file an Income Tax Return for employed taxpayers and almost everyone has filed it within the deadline and is now waiting for the refund. While some have got their ITR refund credited to their accounts, others still have not got it. There could be several possible reasons why the ITR refund has not yet been credited to their account. It's of paramount importance to investigate these possibilities to determine the cause of the delay and take appropriate action. First, you need to keep track of any communication from the IT Department and respond promptly if they request additional information or verification. Apart from this, there are a few other reasons why you might not have received your ITR refun...

(After doing this you might come to know whether it is pending due to any specific reason or specific action pending from your side) Step 1 Login to Income Tax portal and Go to My Profile > My Bank Accounts Check whether bank account is Validated and if Validated then Nominate it for Refund If Bank account not added then add Bank Account or Error in validation then revalidate it with correct data Without bank validation refund will not be credited to your account If it shows validation failed then kindly update KYC data in bank and then again add that bank account with correct details if Bank account is validated then you can go to step 2 Step 2 Check whether PAN and Aadhaar were linked, without linking of PAN and Aadhaar ITR will not get processed, if linked go to step 3 Step 3 Check whether ITR processing get completed or not Refund will be issued by CPC once processing of ITR is completed, if your ITR is processed then go to step 4 to check Refund Status Step 4 Check Refund Statu...

I’m a Taxpayer who falls under 30% Income Tax Bracket & upto 28% GST on Purchases And I Commit to Never Take Benefit of Free Electricity, Free Public Transport, Subsidised LPG and Other Such Schemes Those are Meant for Poor & should not be Exploited by People who are Privileged I’m absolutely against Freebies for Political gains, regardless of any Political Party in India But there are majority of people, who needs many such schemes. For me and many others ₹1000 could be a price of Coffee & One Time Meal But for Millions of others in India earning between ₹10,000-₹30,000 Per Month and having to manage family, bills, medicines etc Even ₹1000 can make a lot of difference As a Taxpayer, If you ask me I do feel exploited at times like many others who pay their taxes honestly (Income Tax & GST) both We don’t really get social security benefits, great roads, infrastructure, better quality of living, healthcare, education etc despite being Taxed like 1st World Countries Things...

Financial Plans don't have to be Complex. Here is a Simple Financial Plan-    🏥Buy Health Insurance- all family members (min 5L)  🛡️Buy Term Insurance- Earning members (20xAnnual Income)  🦺Create an Emergency Fund- 6 months  💰Save minimum 30% of your Income 📈Invest 70% of your Savings into Equity Instruments - Index Funds/Large cap etc. 📰Invest the rest into Debt Funds/Bonds/SGBs 🏖️Invest at least 15% of your savings in a Retirement Plan. 💵Choose Low-cost Investments, wherever possible *Note- Financial planning is a personalized process that should consider individual goals, income, expenses, and risk tolerance. It's beneficial to review and adjust your financial plan periodically to accommodate changing circumstances and financial goals.

Indians love gold. In fact Indian households have more gold than Central banks of the biggest economies. But did you know that we are still price takers in the global gold market? To solve this, SEBI is planning to introduce electronic gold receipts (EGRs). What are EGRs? When you deposit your money in a bank, your balance will show the amount of money in your bank account. It is your money and the balance is proof that the bank is holding this amount for you. Similarly, EGR is a certificate that says you own 10g of gold. You are not physically holding the gold but there is a vault manager who is taking care of it. These receipts are available in demat form and can be traded just like stocks. How do you get these EGRs? You can either buy these receipts from the exchange Or You can deposit your gold at a SEBI-registered vault manager (Maybe a bank). Against 20g of gold, they give you 2 electronic receipts of 10g gold. What is the advantage of these receipts? 1) Makes selling...

To avail tax exemption under Income Tax Act 80G, you will have to upload the donation receipt certificate issued by the concerned organization while filing the income tax return. Without this, tax exemption will not be available. If you donate to any charitable institution or religious institution and non-governmental organizations, then you can take advantage of tax exemption under Income Tax Act 80G. For this, you will have to upload the donation receipt certificate issued by the concerned institution while filing income tax return. Without this, tax exemption will not be available. It is also worth noting that 50 to 100 percent tax exemption can be availed according to the categories of entities. Have to give 10BE certificate As per the Income Tax rules, any charitable or religious institution or NGO has to report the donations received during the entire financial year to the Income Tax Department. Also, the person making the donation has to issue a Form 10BE certificate. With this,...

ONDC seem Biggest Threat for Swiggy/Zomato Price of McDonald’s Burger 🍔 • Swiggy/Zomato - ₹282.5 • ONDC - ₹109.4 Over 60% Savings for Users This is UPI Moment for India’s E-Commerce 🚀 Let’s decode this Commission (18-24%) is the Biggest Head for Restaurants,  They also pay Platform Fee & Taxes This eventually increases the overall cost for users, also less profit margin for Restaurants While ONDC is Building a Sustainable Ecosystem Restaurants just pay 2-4% commission, Delivery cost to be paid by Users Read More on this - https://inc42.com/features/restaurants-have-ondcs-back-to-end-swiggyzomato-duopoly-will-they-succeed/ To be clear & Takeaways • There’s no separate app for ONDC, you can’t find directly on the App Store • ONDC is an Ecosystem, currently you can use Paytm & a few other integrated apps • ONDC is still in Beta and available in selected cities Restaurants can offer better pricing to users because they save aggregator (...