Starting April 1, 2017, Income tax penalty for under reporting and misreporting of the income will be handled by section 270(A) of the Income tax act. This section is newly added amendment of the income tax act. Please note that this is only valid for returns for years AY 2017-18 and after that.
Before April 1, 2017, income tax penalty for under reporting was handled by section 271 of income tax. This section will no more apply for this calculating penalty of under-reporting and misreporting of income.
Sometimes for filing for income tax return rectification, when we check our return status, it says - 'Rectification Rights Transferred to AST'. What does that mean and do we need to do any followup in such a case?
Income tax rectification needs to be filed when you have made a mistake while filing your return and wants to fix it now.
SBI (State Bank of India) is the biggest bank in India. It is owned by Indian Government and has its headquarter in Mumbai. SBI bank has a huge network of branches all across India. In this article, we cover the SBI home loan interest rates as well as eligibility criterion for getting home loan from SBI bank.
SBI Home Loan Interest Rate Current
SBI 1 year MCLR: 8%
| SBI Loan Interest ...
HDFC Home loan is one of the most popular and major home loan provider in india alongwith sbi home loan. One can login to their hdfc home loan account online to check their home loan status, transaction history, hdfc home loan interest and certicate of interest.
HDFC Bank (Housing Development Finance Corporation) is one of the premier private sector bank in India. It is headquartered in Mumbai and has seen tremendeous growth since starting in 1994. By end of 2016, HDFC Bank has around 4500 branches across India. Due to its reach and popularity, hdfc home loan is one of the most popular home loan schemes in india
This articles guides you on hdfc home loan login and various features available to you after hdfc home loan login.
HDFC (Housing Development Finance Corporation) is one of the premier home loan provider in India. Due to its reach and popularity, HDFC home loan remains one of the best home loan provider in private space. Typically the interest rates of public banks like state bank of India home loans is lesser than HDFC home loans, but they have much more cumbersome process and only cater to limited variety of homes. Due to this home loan provided by HDFC is very high in demand and their interest rates are very competitive.
2017 is one of the better years for taking home loan due to lower interest rates as a side effect of demonitisation.
Many of you would have already heard about the next digital payment initiative by Indian Government called BharatQR codes. BharatQR code is an QR scheme similar to PayTM QR codes which a merchant can print and put it on his/her shop and customers can pay by scanning the QR code using his/her mobile easily.
In India, QR code based payments have already proved successful due to excessive marketing of PayTM. BharatQR codes seems to be building on top of that and has a good chance for taking over the pole position from PayTM.
BharatQR supports quick and easy digital payment using Visa, Mastercard, Rupay Card and American Express. That basically includes every debit and credit card in India and hence is not tied to a specific bank or organization. Moreover due to government push, every bank mobile app will soon have an option to pay using BharatQR.
But as everybody knows, India is a price sensitive country and real success of BharatQR will depend not just on technology or its reach, but also on the charges and fee charged for BharatQR code based payments. And will they be competitive of Paytm or not?
Indian Govt has launched BharatQR code based payment solution for merchant/retail outlets on Feb 20, 2017. This scheme has been launched by NPCI in collaboration with Visa, MasterCard, RupayCard and American express to allow customers to pay easily through their debit/credit card without the need of any POS (point of sale) machine.
ICICI bank is one of main supporters of BharatQR code scheme and has already started supporting BharatQR in its mobile apps.
BharatQR is the new QR code based payment method launched by Indian Government in collaboration with Visa and MasterCard. Using BharatQR code based payments, the merchants don't need to install a costly POS(Point of sale) machine in their shop. They need to just display BharatQR code (they can take the printout in Rs 2 at any printer or xerox shop).
HDFC Bank is India's largest private bank with a huge network of branches all across India. HDFC is a strong partner in Indian govt scheme to support simpler and efficient digital payment. Along with ICICI bank BharatQR app, HDFC Bank is one of the first 2 banks ready with support for BharatQR code based payments from day one of launch.
On Feb 20, 2017, Indian Govt has launched BharatQR Code to simplify the process of digital payment at merchant / retail shops. BharatQR allows merchant and retailers to get a QR code from their bank and once done, they can easily take payments from customers.
Majority of Banks have already started supporting Bharat QR code based payments in their mobile apps. SBI (State Bank of India) is Indis's biggest bank due to huge network across length and breadth of India. Given that, the support of BharatQR payments through SBI issued debit and credit cards is absolutely essential for BharatQR success.
BharatQR code (or Bharat QR code) is the new scheme launched by Indian Government to simplify the process of digital payment at merchant and retail outlets.
Earlier QR code has been successfully used by PayTM to enable payments at retails or merchants. But currently Paytm does not support deducting or depositing money directly to your bank account and hence one need to operate an additional wallet account (with its associated fees for withdrawing money).
BharatQR code fixes this problem and democratizes the QR code for indian masses.