RBI introduced a US Dollar-Rupee swap facility for fresh FCNR(B) deposits with tenors of three to five years. The scheme enables banks to swap eligible deposits with RBI, supporting foreign currency deposit mobilization and liquidity management.
ESOPs are taxed as salary perquisites on allotment based on FMV at exercise. Eligible start-up employees can defer TDS and tax payment until specified future events.
The article explains how borrowing within your affordability and understanding total loan costs can make loan management easier. It highlights practical strategies for maintaining financial discipline and avoiding repayment stress.
PFRDA has introduced a Regulatory Sandbox framework allowing controlled testing of innovative pension products and FinTech solutions. The framework balances innovation with strict safeguards for subscriber protection, cybersecurity, and regulatory compliance.
The guide explains deferred tax assets and liabilities, timing versus permanent differences, MAT implications, measurement rules, and how tax-accounting mismatches affect future tax obligations.
This guide explains how employees can claim relief when salary, pension, or other benefits are received in arrears or advance. It outlines the conditions, calculation method, and filing requirements under Section 89.
The document highlights that start-ups enjoying exemption must comply with prescribed restrictions on investments and asset acquisitions. Failure to meet these conditions can result in taxation of excess premium and penalty consequences.
The guide outlines exemptions available to government departments, specified non-residents, and transactions in securities traded through recognized exchanges. These exclusions help define the scope of the provision.
The Income Tax Department has explained the tax treatment of gratuity, pension, leave encashment, provident funds, NPS, and retirement compensation under the amended law. The guide clarifies exemption limits, deduction eligibility, and taxable components of retirement benefits.
This guide explains the tax treatment of salary allowances, exemptions, and deductions available to salaried employees. It highlights how eligible claims can reduce taxable income under the Income-tax Act.
