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How to avoid TDS on Interest Income

Form 15H, Form 15G to avoid TDS on interest income. It is well known that interest on an investment made in a bank fixed deposit (FD), Recurring deposit or Company Deposit, is taxable. The points to be noted here are: In most fixed-income products, unless it is a tax-free investment, since the interest income earned

How to avoid TDS on Interest Income

Form 15H, Form 15G to avoid TDS on interest income. It is well known that interest on an investment made in a bank fixed deposit (FD), Recurring deposit or Company Deposit, is taxable. The points to be noted here are: In most fixed-income products, unless it is a tax-free investment, since the interest income earned

Charges for ATM transactions, cheques & cards

Tax authorities have advised the top Banks, in the country including SBI, ICICI, HDFC and others, to pay tax which could amount to thousands of crores, on account of free services extended to customers who maintain a minimum balance with retrospective effect.  Accordingly necessary notices have since been issued to the Directorate General of Goods

Charges for ATM transactions, cheques & cards

Tax authorities have advised the top Banks, in the country including SBI, ICICI, HDFC and others, to pay tax which could amount to thousands of crores, on account of free services extended to customers who maintain a minimum balance with retrospective effect.  Accordingly necessary notices have since been issued to the Directorate General of Goods

Private Banks More Cautious In Lending

Are there any issues with Private Sector Banks?  Yes of course there are….. ICICI Bank Controversy Axis Bank’s chief cutting short her tenure Decision that were routine in nature a few months ago are being delayed Bankers have now become cautious in signing even a single paper An IT solution provider who was sanctioned a

Private Banks More Cautious In Lending

Are there any issues with Private Sector Banks?  Yes of course there are….. ICICI Bank Controversy Axis Bank’s chief cutting short her tenure Decision that were routine in nature a few months ago are being delayed Bankers have now become cautious in signing even a single paper An IT solution provider who was sanctioned a

Digital Banking Service For Postal Savings Customers

Postal Savings Customers can soon avail Digital Service.  Around 34-crore post office savings account holders will now be privileged to get a full-fledged digital banking service from May this year.  The government has approved linking such accounts with that of India Post Payments Bank (IPPB).  A notification released adds The finance ministry has approved linking

Digital Banking Service For Postal Savings Customers

Postal Savings Customers can soon avail Digital Service.  Around 34-crore post office savings account holders will now be privileged to get a full-fledged digital banking service from May this year.  The government has approved linking such accounts with that of India Post Payments Bank (IPPB).  A notification released adds The finance ministry has approved linking

ICICI may mull road ahead for CEO Chanda Kochhar

Directors on the board of ICICI Bank propose to meet and discuss the further steps on the bank’s agenda in view of the recent developments on account of Videocon Group probe. What is in store in the coming days for the Bank CEO Chanda Kochhar. What is the latest developments on account of actions from

ICICI may mull road ahead for CEO Chanda Kochhar

Directors on the board of ICICI Bank propose to meet and discuss the further steps on the bank’s agenda in view of the recent developments on account of Videocon Group probe. What is in store in the coming days for the Bank CEO Chanda Kochhar. What is the latest developments on account of actions from