1. Service of Notice: Section 169 1.1 The Notices must be served to you by 31-May-2024. 1.2 Notice could be served by sending email or upload on portal. ARR 1.3 Please check Notice tab and Additional Notice tab. 2. DIN 2.1 DIN is mandatory as per CBIC Circular No. 122 and 128 2.2 ARR: DIN is mandatory in few States also […]
Continue Reading
TDS on Salary under Section 192 of the Income Tax Act TDS on salary means that tax has been deducted by the employer at the time of depositing the salary into the employee’s account. The amount deducted from the employee’s account is deposited with the government by the employer. Before an employer deducts tax at source from […]
Continue Reading
A valid US visa allows you to visit 15 well-known and breathtaking foreign locations Mexico offers a carefully tailored experience for every type of traveller, from the vibrant nightlife to the azure beaches and the indigenous architecture. Time frame: 180 days. Belize is a small island in Central America that offers the dreamy, tranquil vacation you’ve been longing for if you want to escape to a place where people live slowly and […]
Continue Reading
Misconception that cashless transactions are less traceable by the Income Tax Department has arisen due to the increasing prevalence of such transactions. Nevertheless, this belief is incorrect. This is because banks and other financial institutions must notify the Income Tax department of transactions surpassing a specified threshold. This encompasses card payments, UPI transactions, as well as cash […]
Continue Reading
India’s GDP outperformed expectations with a 7.8% increase in Q4FY24, leading to an annual growth rate of 8.2% for FY24, as reported by the National Statistical Office (NSO). This growth, which is higher than the previous fiscal year’s 7%, was fueled by strong performance in manufacturing and construction sectors, and a rise in mining activities, […]
Continue Reading
The pharmaceutical sector in India experienced an 8% growth in revenue during FY24, according to a recent IQVIA report. Sudarshan Jain from the Indian Pharmaceutical Alliance (IPA) predicts the chronic market will continue to grow in double digits over the next 3-5 years. However, the report indicates a 54% decline in new product launches in […]
Continue Reading
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive requiring insurers to expedite the approval of cashless claims, setting a strict three-hour deadline. This regulation is part of IRDAI’s broader effort to improve the health insurance system in India, emphasizing customer satisfaction and transparency. The circular also encourages insurers to broaden […]
Continue Reading
Students should limit their education loans to essential expenses. Banks provide a moratorium on education loan repayments, typically lasting up to a year post-graduation or six months after employment, whichever comes first. During the moratorium, interest accrues, so servicing the interest can reduce overall costs. Paying extra towards the principal also lowers the total interest. […]
Continue Reading
Note Paraphrased: In the forthcoming MPC session, the RBI is projected to maintain the current key lending rates, marking the eighth successive instance, as the economy grapples with food inflation and erratic climatic conditions. The RBI’s meeting from June 5-7 will consider various factors influencing its decision-making process. The repo rate has been steady at 6.5%, […]
Continue Reading
The market is on the edge of a tense standoff between optimistic and pessimistic forces next week as election excitement reaches a critical point. Foreign portfolio investors (FPIs) have taken the most significant net short positions in index futures ever recorded, while retail and high net-worth investors (HNIs) show an all-time high bullish stance in […]
Continue Reading
Reader / Viewer discretion and disclaimer :
The information provided on SMEConnect (www.smeconnect.in) website is intended for general informational purposes only. While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the content. The views and opinions expressed in the articles and posts on this website are those of the authors and do not necessarily reflect the official policy or position of SMEConnect website. Readers are advised to independently verify any information found on this website before making decisions based on it. We do not endorse, represent, or warrant the accuracy or reliability of any third-party content linked on this site. Furthermore, SMEConnect (www.smeconnect.in) website shall not be held liable for any errors, omissions, or delays in the information provided, nor for any losses, injuries, or damages arising from its display or use. Please note that the content on SMEConnect (www.smeconnect.in) website may be subject to change without notice.
