Author: Aberame

Twitter has officially introduced its features in addition to the pilot program ‘Blue for Business, which has set the pathway for companies to recognize and distinguish their key employees and affiliates on a micro-blogging platform. Esther Crawford of Twitter took the platform to introduce the relaunching of Twitter Blue along with some additional service features. A few days back, Twitter incorporated Twitter Blue for business and by this, the subscribed company aims to link any number of individuals and sub-brands with the account through the process of submitting the entire list of the individuals and names of the affiliates that…

Ease of doing business for MSMEs: The GST council meeting concluded with a decision to allow unregistered small vendors to make intra-state supplies of goods via e-commerce starting in October 2024. To facilitate the conducting process of e-commerce operation of the micro-entrepreneurs, the GST council had in its 48th meeting granted in-principle approval for allowing unregistered suppliers and composition taxpayers to make the Intra-state supply of goods through  E-Commerce Operators (ECOs) by following the stipulated conditions specified in the GST Act and GST rules. E-commerce sellers with a turnover of up to Rs 40 lakh and Rs 20 lakh in…

Sovereign Gold Bond Scheme The government is going to launch a new tranche of the Sovereign Gold Bond (SGB) scheme before the new year arrives, the invitation application to subscribe will be open from December 19th to 23rd December. The bonds will be issued on the date of December 27 to those who satisfy the eligibility criteria mandated by the Reserve bank of India. The government makes this move to deter the impact of gold imports on the trade balance. The investors will be compensated at a fixed rate of 2.50% per cent per annum payable semi-annually on the nominal…

The due date to pay the third installment of the advance tax for the fiscal year 2022-2024 is on December 15, 2024, whose estimated income comes under tax liability of crossing over Rs.10,000 in a financial year needs to pay advance tax. As per Section 208 of the Income-tax Act, when the person’s estimated tax liability for the year (i.e.for the year in progress such as FY 2021-22, FY 2022-23, etc.) exceeds Rs.10,000 after the TDS process requires to pay their tax for the year in advance during the same financial year and be provided with the facility to make…

Axis Bank and Kotak Mahindra Bank hiked FD (fixed deposit) interest rates in compliance with the benchmark rate set by the RBI. The new rates are effective from December 15, 2022. Due to the cause and effect of the RBI’s declaration on the rise in repo rate by 35 basis points, fixed deposits rate and lending rates contrived to increase in tandem. One week after the SBI made its announcement, the commercial banks began to announce the increase in FD interest rates. SBI offers the highest FD rate of 6.75% for regular citizens and 7.25% for senior citizens by raising…