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The Reserve Bank of India, on Tuesday, directed lenders investing in alternative investment funds to liquidate their holdings, if the funds invest in a debtor firm. The new norms have been introduced to "address concerns related to possible evergreening" of loans, according to the central bank. Finance & Investing
  • December 19, 2023

Assessing RBI’s Move: AIFs and the Evergreening Dilemma

The recent directive from the Reserve Bank of India (RBI) has set the stage for a significant shift in how…
As per Income Tax Rules Know Cash Limit at Home Understanding the Implications of an Income Tax Raid The specter of an income tax raid looms large, transforming the landscape of financial prudence. When faced with such an inquiry, the onus lies on the individual to substantiate the source of the stored money. This not only necessitates meticulous record-keeping but also underscores the importance of transparency in financial dealings. Frequently Asked Questions Q1: Is there a specific cash limit at home according to income tax rules? A1: The Income Tax Act does not impose a specific cash limit for money stored at home. However, prudence dictates adherence to regulations to avoid potential scrutiny. Q2: Can one accept cash exceeding Rs 20,000 for loans or deposits? A2: No, income tax rules explicitly prohibit accepting cash exceeding Rs 20,000 for any loan or deposit, emphasizing the need for meticulous financial compliance. Q3: Are there any limits on cash transactions according to new tax rules? A3: Contrary to popular belief, the income tax rules do not impose a specific limit on the amount of cash one can keep at home. However, individuals may face scrutiny by investigating agencies for non-compliance. Finance & Investing
  • December 16, 2023

As per Income Tax Rules Know Cash Limit at Home

Unveiling the Intricacies of Income Tax Rules and Cash Limits at Home In the labyrinth of financial regulations, As per…
SIP collections at ₹1.66 trillion in just 11 months Finance & Investing
  • December 13, 2023

SIP collections at ₹1.66 trillion in just 11 months

Embracing the Growth: A Surge in SIP Investments In the dynamic landscape of investment, SIP collections at ₹1.66 trillion in…
Create corpus of 5 crore with Rs 442 per Day Finance & Investing
  • December 12, 2023

Create corpus of 5 crore with Rs 442 per Day

Introduction Retirement planning is a crucial aspect of every working professional’s life, prompting the need for strategic financial decisions and…
UPI Transaction Limit Enhancement to 5 Lakhs Finance & Investing
  • December 8, 2023

UPI Transaction Limit Enhancement to 5 Lakhs

RBI MPC Meeting Analysis: Key Takeaways and Market Implications UPI Transaction Limit Enhancement to 5 Lakhs for the Payments to…
2.8 percent of 2000 notes are still @ Public and Continues To Be Legal Tender Finance & Investing
  • December 1, 2023

2.8 percent of 2000 notes are still @ Public and Continues To Be Legal Tender

The Reserve Bank of India (RBI) Issues Update on the Legal Tender Status of Rs 2,000 Notes, 2.8 percent of…
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