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Survivalist Pro
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Thus, as cash deposits and withdrawals of Rs 10 lakh or more in a bank account in a financial year are required to be reported to the tax authorities, you need to be careful if you are exceeding the prescribed threshold. This limit is Rs 50 lakh and more in case of current accounts.
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Read More »In a bid to meet their banking needs, people from all walks of life — including the salaried persons — are required to have at least one savings account, while many also keep multiple accounts for various reasons. People with a steady income usually open a savings bank account because that is a place where they can store their money safely while earning some interest on the balance.
But the device does not filter heavy metals such as iron or fluoride nor does it remove parasites like cryptosporidium or giardia, although the...
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Read More »According to Rana, the following transactions need to be reported under Rule 114E of the Income Tax Rules, 1962 (referred to as Statement of Financial Transaction): A. Every banking company or a co-operative bank, providing bank account facility and to which Banking Regulation Act, 1949 is applied, needs to report the following transactions: # Cash deposit aggregating to Rs 10 lakh or more in a financial year in one or more accounts (other than a current account and time deposit) of a person. # Payment in cash aggregating to Rs 10 lakh or more in a financial year for the purchase of bank drafts/ pay order/ banker’s cheque/ prepaid instruments issued by the Reserve Bank of India under section 18 of the Payment and Settlement Systems Act, 2007. B. Credit card issuing Banking Company or a Co-operative Bank to which Banking Regulation Act, 1949 applies or any other company or institution, shall need to report the following transactions. # Payment in cash aggregating to Rs 1 lakh or more in a financial year against the bill raised in respect of one or more credit card issued. # Payment by any mode other than cash aggregating to Rs 10 lakh or more in a financial year against the bill raised in respect of one or more credit card issued. C. Company or institution issuing bonds or debentures needs to report the receipt from any person of an amount aggregating to Rs 10 lakh or more in a financial year for acquiring bonds or debentures issued by the company or institution (except the amount received on account of renewal of the bond or debenture issued by the company). D. Company which is issuing shares needs to report receipt from any person of an amount aggregating to Rs 10 lakh or more in a financial year for acquiring shares issued by the company. E. Company listed on the recognized stock exchange and purchasing its own securities under section 68 of the Companies Act, 2013 needs to report buyback of shares of an amount aggregating to Rs 10 lakh or more in a financial year from any person (except shares bought in the open market).
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Read More »F. Trustee of a Mutual Fund or other person who manages the affairs of the Mutual Fund needs to report the receipt from any person of an amount aggregating to Rs 10 lakh or more in a financial year for acquiring units of one or more schemes of a Mutual Fund (except amount received on account of transfer from one scheme to another of that Mutual Fund). G. An authorised person as referred to in clause (c) of section 2 of the Foreign Exchange Management Act, 1999, needs to report the receipts from any person of an amount aggregating to Rs 10 lakh or more in a financial year for the sale of foreign currency. H. The Inspector-General appointed under section 3 of the Registration Act 1908 or Registrar or Sub-Registrar appointed under section 6 of that Act needs to report purchase or sale by any person of immovable property of an amount Rs 30 lakh or more or valued by stamp valuation authority referred to in section 50C of the Act at Rs 30 lakh or more. Thus, before depositing or withdrawing any amount in a bank account, we have to make sure that complying with the applicable provisions, we should not fall within such transactions which are required to be reported under Rule 114E either by a Banking Company, Co-operative Bank, Any other company or Trustee of Mutual Fund, among others.
Consumption of under 1,200 calories per day for women and 1,800 calories per day for men can eventually lead to starvation mode symptoms.
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Activated carbon filters organic compounds, chlorine, and most parasites from water, but according to Kylie Ivanir, MS, RD, registered dietitian of...
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