Cash loan above Rs 20,000 can put Covid-hit families in legal tangle
Section 269SS of the Income Tax Act, 1961 bars receipt of Rs 20,000 or more in cash as loan or deposit by an individual from another individual
Ashutosh Kumar | May 14, 2021 | Updated 13:08 IST
Mumbai-based Vishal Gupta, who lost his father to Covid-19 in May last year, faces a new challenge. Gupta s family paid over Rs 9 lakh for the treatment of his father, out of which a majority amount was raised from friends and relatives. A part of the financial help they received was in the form of cash.
A social worker who helped the family hospitalise the patient last year recently apprised them of tax provisions that prohibit cash transactions among individuals as loan over a certain limit. Now the family of three brothers, employed in unorganised sector, fears being harassed by tax authorities.
One way traffic in Narwal Mandis to avoid congestion
One way traffic in Narwal Mandis to avoid congestion
Only 50% vendors allowed at Auction Platform
Excelsior Correspondent
Jammu, May 12: Horticulture Planning and Marketing Department Jammu under the guidance of Director Vishesh Paul Mahajan constituted a team comprising of Area Marketing Officer Priya Parihar, Grading and Marketing Inspectors Vikas Malhotra, Vishal Gupta and Abdul Kabir today under the Supervision of Joint Director Digvijay Gupta to remain present in Fruit And Vegetable Mandi Narwal from 5:30 am onwards.
All the intructions issued from Chairman/ District Disaster Management Authority Jammu (Anshul Garg) were implemented in letter and Spirit as Follows:-
Sunscreen in summer: Why you need to apply it at home, how often to reapply, its effectiveness & more
We got experts from the field to answer some of the most common questions related to sunscreen, a beauty ingredient that ought to be part of your skincare routine no matter what the season. Check it out! Written By How to measure the fffectiveness of sunscreen & more
One of the most basic beauty products that are part of every person s skincare and beauty routine, has to be sunscreen. Recently dermatologists, makeup experts and beauty bloggers brought back to light the idea of applying sunscreen even while at home. But why? Aren t you already protected from the sun when you re at home?
How Hylobiz is boosting invoice management for SMBs with seamless digitisation
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For most small and medium-sized businesses (SMB) in India, invoice management is a tedious process. Typically, when an SMB generates an invoice on an enterprise resource planning (ERP) software, it is distributed among relevant parties manually or as emails or even as WhatsApp forwards.
As the due date looms, SMBs start reminding clients about payments, again often manually. Payments are made through channels like NEFT (National Electronic Fund Transfer), RTGS (real-time gross settlement), instruments like cheques, or even cash. The last leg of the process is invoice reconciliation, and this too is often done manually.