Income Tax rules: PAN mandatory for withdrawing Rs 20 lakh, opening current account

From May 26 onwards, anyone depositing or withdrawing Rs 20 lakh or more from one or more bank accounts in a financial year will have to quote the Permanent Account Number (PAN) at the time of withdrawal. With a view to curb evasion of taxes through the use of cash, the Central Board of Indirect Taxes (CBDT) has…

LIC IPO: If you are an LIC policyholder, then here’s how you can participate in the upcoming IPO

LIC IPO: The government is expected to launch the initial public offering (IPO) of the country’s largest insurer Life Insurance Corporation (LIC) in the fourth quarter (Q4) of the ongoing financial year (FY22). The listing of LIC will be crucial for the government to meet its disinvestment target. The government…