The government, via a press release dated June 25, 2021, announced that money received by an individual for expenses incurred on the treatment of Covid-19 or as ex-gratia received (by family members) on death due to covid-19 from an employer or any relative/well-wisher would be exempt from income tax. The […]
Want to send money abroad? Know taxes, charges
Falls under FEMA Under the RBI’s Liberalised Remittance Scheme (LRS), which falls under the Foreign Exchange Management Act 1999, you can send money abroad –be it for your child’s higher education or a relative’s medical treatment. Here are the answers to all the questions you may have for outward remittance. […]
RBI imposes monetary penalties on 8 co-operative banks; check details here
The Reserve Bank of India (RBI) has imposed a monetary penalty on the Goa State Co-operative Bank Ltd, Panaji, for non-compliance with certain provisions of the Banking Regulation Act. The penalty amount for the non-compliance is ₹2.51 lakh. The RBI issued an order in this regard on August 1, 2022. […]
Google Chrome’s update brings new features: What to know
Search engine Google Chrome updates to version 104.0.5112.81. Chrome’s new update has brought in a slew of features to help you make the most out of Chrome. New update will improve your search experience, says the technology giant. Additionally, users would be able to view PDF documents in full-screen mode. […]