Gold Silver Reports (GSR) – Having a PAN Card Doesn’t Make Income Tax Return Filing Mandatory — According to the income tax website, till 31 March 2018, there were about 379 million Permanent Account Numbers (PAN) allotted to various entities. Out of these, 369 million or 97.46% PANs were allotted to individuals. But irrespective of the fact that you have been allotted a PAN, it is not mandatory to file an income tax return (ITR) if your income is less than the maximum exemption limit. But it is mandatory to have a PAN card to file an ITR. In FY2017-18, about 67 million returns were filed, which is about 18% of total PAN allotted. Read more to know when one needs to file tax returns.
Money Market
At Gold Silver Reports, we cover the latest money market news and analysis, including interest rates, financial updates, investment trends, and economic insights. Stay updated with expert coverage to make smarter financial and trading decisions.
Exports of Petroleum Products Saved the Day in May
Gold Silver Reports (GSR) – It would be best to be cautious about the 20% year-on-year growth in exports in May. The growth is mainly on account of a spurt in the export of petroleum products, which are up 104% from a year ago. As a note by Edelweiss Securities Pvt. Ltd points out, perhaps the bunching up of oil exports in May led to this extraordinary rise.
Dax Germany Index Rock-hard Support 12560 Below, We See 200—300 Point Rally
Dax Germany Index Rock-hard Support 12560 Below, We See 200—300 Point Rally “No Magic, No Miracle, Just Power of Level” Neal Bhai Reports (NBR) By CFA’s …
What is Bitcoin Mining? How to get started
Gold Silver Reports (GSR) – What is Bitcoin Mining? How to get started — Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining.
Finally, Chanda Kochhar Did What She Should Have Done Earlier
Gold Silver Reports (GSR) – Finally, Chanda Kochhar Did What She Should Have Done Earlier — On 1 June, reacting to a Mint report that the independent directors of ICICI Bank Ltd asked managing director and chief executive officer (CEO) Chanda Kochhar to go on leave till a probe into her conduct by an independent agency is complete, the bank’s stock rose nearly 5%. The probe was announced following a whistleblower’s complaint on her alleged misconduct. After the bank denied the report and said she was on her planned annual leave, shares surrendered most of the gains.
BSE Drops Two Pharma Stocks From Sensex; Replaces Them With Private Banks
Gold Silver Reports (GSR) – BSE Drops Two Pharma Stocks From Sensex; Replaces Them With Private Banks – The S&P BSE Sensex will include two more banks from mid-Dec. while two pharmaceutical stocks will exit the index.
Stocks To Watch – After Interest-Rate Hike By Neal Bhai Reports INDIA
HDFC Bank: Cabinet approves raising of additional share capital of HDFC Bank up to a maximum of Rs 24,000 crore. The Cabinet Committee on Economic Affairs today allowed an additional Rs 24,000 crore foreign direct investment into private sector lender HDFC Bank.