DD Statutory & Financial Services

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E invoice mandatory from 1.04.2020 having Turnover more than 100 crore.

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Team DD Statutory & Financial Services

Deposit insurance coverage in India among the lowest in world: SBI report In India, deposits are insured up to ₹1 lakh, while the comparable number for BRICS countries like Brazil and Russia stand at ₹42 lakh and ₹12 lakh, respectively

During financial emergencies, instead of liquidating your investments, take a loan against them Among the most convenient and cheaper options is a loan against bank fixed deposit (FD) Banks charge interest rates of 1-2.5 per cent above the existing FD rate. Say, if FD is at 7.5 per cent. The bank would offer loan against FD at 8.5-10 per cent Banks don't check credit scores to lend against FDs, which makes it suitable for borrowers with a low credit score The documentation is minimum, there is no processing.

Via : BS

https://wap.business-standard.com/article/free-newsletter/a-snapshot-of-loan-against-fd-rates-offered-by-various-banks-other-details-119100400396_1.html

Need emergency cash? Borrow against fixed deposit instead of liquidating it Effective interest rate comes to 1-2.5 per cent

ET:PAN-Aadhaar linkage deadline extended http://www.ecoti.in/P7jkRY
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PAN-Aadhaar linkage deadline extended However, it would be mandatory to quote the Aadhaar number while filing ITR.

https://economictimes.indiatimes.com/wealth/tax/submitting-fake-bills-to-lower-your-tax-liability-tax-department-has-ways-to-catch-you/articleshow/63375589.cms?utm_source=facebook.com&utm_medium=Social_FB&utm_campaign=ETFBMain

Submitting fake bills to lower your tax liability? Tax department has ways to catch you While submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax department.

Happy New Year !!!!!
God bless us with learning & earning throughout 2019.