Tag: Cash

Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

Loknath Das

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year

Loknath Das

NEW DELHI: Withdrawing a cumulative ₹10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory. In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 per cent on cash withdrawal of ₹10 lakh in a year, a move to discourage cash usage in the economy and resultant black money. Paying ₹30,000-50,000 for ₹10 lakh annual withdrawal will be seen as a loss, the…

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UP board result 2017: Yogi Adityanath to give away cash rewards to 10 toppers

Loknath Das

Uttar Pradesh chief minister Yogi Adityanath will give away cash rewards to the 10 high school or Class 10 and intermediate or Class 12 students, who figured in the merit list of the UP Board examinations, the results of which were declaredon Friday. The CM expressed happiness over the performance of girls who scored better than boys once again. In the high school exam, 86.50% girls passed as against 76.75% boys. Similarly, the pass percentage of girls was 88.80 as compared to 77.16 of boys in the intermediate exam. “Girls…

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7 Ways to Help Your Business When You’re Strapped for Cash

Loknath Das

In general, the times when you need money the most are going to be the times when it’s hardest to get.  Think about it from a lender’s perspective.  If you’re hemorrhaging money, you’re a lousy risk.  But even successful entrepreneurs have moments when there’s just an ugly money crunch, and the only thing that will get them past it is an influx of cash.  Here’s how to generate some $$$: What to Do During a Business Cash Crunch 1. Stop the Bleeding This step is absolutely the most critical.  You…

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