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Post Office Time Deposit Accounts can be kept for 1, 2, 3 or 5 years. Upon maturity, the deposit period may be extended for an additional year.
MSMEs are reluctant to adopt digital tools for fear of coming under the tax radar. But the benefits of going digital could far outweigh what is perceived as an inconvenience—this is the message that Tide, a UK-based financial services platform, is trying to spread across the ecosystem.
Many of the deductions and exemptions available in the old tax regime are not there in the default tax regime.
Banks, public and private, offer tax-saving fixed deposits for the investors by which investors can save a maximum of up to Rs 1.5 lakh per year under Section 80 C.
Extended deadline for linking Voter ID and Aadhaar announced.