Up to Rs 100 GST discount on digital payments plan

Up to Rs 100 GST discount on digital payments plan

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The five-member GST committee led by Sushil Modi has put the proposal to offer discount up to Rs 100 on applicable GST for the cheque and digital payments in all B2C transactions on hold until the next meeting as some members raised concerns on using the GST as a tool to incentivise digital transactions, CNBC-TV18 reported quoting sources. Sushil Modi said that one more meeting is required to calculate the loss and gains of incentivising the digital transactions. The revenue loss could be up to Rs 25,000 crore, the news channel reported. The GST Council had proposed incentivising digital transaction last Friday. Keeping in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate on B2C supplies, for which payme
SBI FD vs Post Office FD: Which one gives better Fixed Deposit returns? What are their interest rates?

SBI FD vs Post Office FD: Which one gives better Fixed Deposit returns? What are their interest rates?

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SBI FD vs Post Office FD: Both Fixed deposit (FDs) accounts of banks and post offices are feasible investment options for investors who don’t want to take the risk of losing money. FD accounts offer guaranteed returns to the investors. Along with it, contributors also have the option the option of investing in the tax-saving fixed deposits (FDs) where income earned is allowed to be exempted under section 80 (C) of the Income Tax (I-T) Act, however, the amount will be locked up for five years. It means that investors cannot access their money before five years. Interestingly, in the regular fixed deposits which are offered by banks and post offices, subscribers can prematurely withdraw funds however, tax is applied on premature withdrawal. Here is the comparison between SBI fixed deposi
7 Credit Card Charges You Must Know About

7 Credit Card Charges You Must Know About

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Credit cards can be a boon when used judiciously as they entitle you to advance credit and great rewards. But if you’re careless with your card use, you could incur charges, penalties and a hefty interest rate. To ensure that you use your card smartly and not get overcharged, make sure you are aware of some crucial charges associated with credit cards. Joining or Annual Fee While many credit cards come free of cost, i.e. no joining fees and perhaps exemption from annual fee for a particular period, the ones with bigger rewards and benefits generally tend to have a joining fee. Some may waive off the joining fee for the first year but may have it from the second year. Sometimes these charges are waived off if one spends up to a threshold specified by the bank. Interest and Fin
IRCTC Train Ticket Cancellation In Case Of RAC, Wait-Listed Tickets:

IRCTC Train Ticket Cancellation In Case Of RAC, Wait-Listed Tickets:

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Are you not willing to travel on your RAC (Reservation Against Cancellation) tickets? IRCTC (Indian Railway Catering and Tourism Corporation) allows the facility of ticket cancellation through online TDR (Ticket Deposit Receipt) filing 30 minutes before the departure time, said IRCTC in a tweet posted on its official handle- @IRCTCofficial. TDR filing can also be done online in special cases when the chart is prepared but the passenger could not travel by the train he/she booked the ticket. Users can file the TDR and also track status of the refund case through tracking service provided by IRCTC, according to the official website of IRCTC- irctc.co.in. An RAC ticket is an Indian Railways ticket that ensures certainty of travel but does not guarantee a berth. Here are 5 things to know ab
How To Send Money Order Via Post Offices

How To Send Money Order Via Post Offices

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Post offices enable customers to send money orders. A money order is an order issued by the post office for the payment of a sum of money to the person in whose name the money order is sent through the agency of the post office. A 'Payee' is the person named in money order as the person to whom the money is to be paid. The advantage of sending money to someone through money order is that the money is delivered at the house or his/her place of stay, said India Post. Procedure of sending money order 1) Buy a money order form at the counter of the post office. A remitter is the person who sends the money order. 2) Fill in ink the necessary entries adding your signature or thumbs marks at the foot. A form without signature or thumb mark or incomplete in any respect will not be accepted,
AirAsia Announces New Flights, Offers Tickets From Rs. 3,555.

AirAsia Announces New Flights, Offers Tickets From Rs. 3,555.

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AirAsia has announced the introduction of direct flights from Amritsar to Kuala Lumpur at a starting one way all-inclusive price of Rs. 3,555 for the economy tickets. Under this promotional scheme, AirAsia is also offering premium flatbed flight tickets at a starting price of Rs. 9,555.  The last date to book tickets to avail AirAsia's offer is today, i.e. Sunday.  Passengers willing to avail the offer must up hurry up and book the tickets today. The direct flights from Amritsar to Kuala Lumpur are commencing from August 16, 2018. The travel period of the offer ends on October 27, mentioned AirAsia on its official website- airsasia.com. Under this offer, AirAsia is also offering connecting flights at a starting price of Rs. 5,910. AirAsia is offering flight tickets from Amritsar to Phno
10 Benefits Of PPF Account That You May Not Be Aware Of

10 Benefits Of PPF Account That You May Not Be Aware Of

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PPF or public provident fund account is one of the most popular small savings scheme. PPF account holders can invest up to Rs. 1.5 lakh in a financial year while the minimum deposit required is Rs. 500. Deposits can be made in lump-sum or in 12 instalments. PPF deposits qualify for deduction from income under Section 80C of the Income Tax Act. In terms of income tax implications, PPF accounts also qualify for EEE (exempt, exempt, exempt) tax category, which means an investor is not liable to pay tax at all three levels – investment, earning and withdrawal. Other Benefits Of PPF Account 1) Partial withdrawal from PPF account is allowed every year from 7th financial year from the year of opening account, India Post. The maximum amount allowed is limited to 50 per cent of the ba
65th National Film Awards: List of winners

65th National Film Awards: List of winners

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The 65th National Film Awards ceremony is taking place at Vigyan Bhavan, New Delhi. The winners, which were announced last month, will be gathering at the venue to be conferred with the award by President of India, Ram Nath Kovind. Late actress Sridevi was also awarded National Film Award for her stellar performance in her last movie Mom, which was also her 300th film. On her behalf, the prize will be collected by her daughters Janhvi Kapoor and Khushi Kapoor and husband Boney Kapoor. Late actor Vinod Khanna will also be conferred with Dadasaheb Phalke Award, India’s highest film honour. All the winners of National Film Awards 2018 Indira Gandhi Award For Best Debut Director:Pampally (Sinjar) Best Children's Film: Mhorkya Best Film on Environment Conservation: Irada Best Film on Soc
Watch out, Tinder, Facebook is getting into online dating

Watch out, Tinder, Facebook is getting into online dating

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Facebook wants to help people find love on its platform. At its annual developers conference, F8, on Tuesday, the company announced a new dating feature. Users can set up a dating profile with their first name, which the company said won't be visible to friends and will not appear in News Feeds. The feature is opt-in and users will not be matched with people they are already friends with, according to Facebook. Before dating, the social networking behemoth has expanded into numerous other features pioneered by other tech companies, ranging from job postings to payments and online food delivery. Although Facebook has positioned these endeavors as just adding utility for users, they've been part of a broader effort to get people spending as much time as possible on Facebook. By providin
How To Claim Tax Deductions On A Home Improvement Loan

How To Claim Tax Deductions On A Home Improvement Loan

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What if we told you that you can use a Home Loan to finance your long overdue home repair and even save taxes on it? Sounds too good to be true? Well, it isn’t. Whether you own a house or not, the matter of home repairs and maintenance is inescapable and is likely to put a strain on your finances. Tax incentives on Home Loan repayments may encourage people to buy a home but one can opt for a Home Loan for purposes other than buying a house, like construction, renovation, repairs and upgrade of a house. As is the case with Home Loans, not only does the home improvement loan take care of the money, but these loans come with an additional benefit-saving tax. In fact, you can avail a home improvement loan in case of an existing property or even a new house/flat that you purchased. Tax deduct