Home Loan Scam in name of SBI : Be Careful

Latest scam mail. Kindly avoid falling into the trap. Spread awareness. Many gullible people just click and then suffer.

Be careful as scammers are generally a step ahead of the law enforcement agencies as Indian agencies are reactive rather than taking action beforehand.

Have a look at screenshot which shows the scam which is happening in name of home loan and you will get these emails from authentic-looking emails. Always check https sign for banking email websites before opening them.

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Tax Reckoner by ICICI : 2020-21

This tax reckoner can be taken as an authority for your calculations to arrive at the

best way to save maximum tax.

If you are not one of those who do not save in income tax saving schemes than go ahead with the new version of income tax.

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Are Foreign Travellers Going to be under Income Tax Scrutiny?

Income Tax Amendment went unnoticed effective from 1st April 2020 and one need to be careful wrt foreign travel. Union finance minister Nirmala Sitharaman has raised alarm bells for those who travel abroad on tour package booked by others, which is a common trend to oblige senior officials in the government and private sector in the country.

From April 1, 2020, every foreign traveller will have to pay 5% (PAN holder) and 10% (non-PAN holder) TCS (Tax Collection at Source) on total amount of tour package. By paying TCS, every person will come on the radar of the income tax department, which will be able to ascertain his or her income through their income tax returns (ITR). At present, there is a provision in ITR to mention the passport number in prescribed column. But not many taxpayers take it seriously. Even the tax consultants also don't press their clients to fill the passport number if they visit abroad in the financial year.

A large number of people go abroad on a leisure trip several times a year.  At least 80% of taxpayers will move to a new scheme, says Finance Ministry Obviously, they use black money while paying tour package bill. In other cases, high ranking government and private sector officials make foreign tours with family for which other people or people make payment. This is because the latter seek undue favours from officials. And to oblige them, they finance overseas trips of officials, which is a bribe of sorts. For the first time, such people will come under scrutiny.

In 2020-2021 union budget, Sitharaman has made provision to impose TCS on every foreign tour package bill amount. It means every foreign visitor whether he is an income taxpayer or not has to pay tax. However, there is a provision that if a person whose annual income is under threshold limit (under Rs 5 lakh) visits a foreign country, then he will be eligible for TCS refund. Analysing the provision, tax consultants say income tax department will be able to cross-check the standard of living of an Indian who travels abroad through his ITR, which will reveal the actual income and his extravagance. It will stop black money on overseas travel Now, foreign travellers will have to pay 5% TCS on total travel package bill.

This measure will bring those people on income tax department radar who frequently travel abroad and hide it in their ITR. Through data analytics, the department will be able to assess the actual income of foreign traveller. This is a challenging provision for government employees and their family members, doctors etc who visit abroad on sponsorship. Pointers to keep in Mind Every foreign traveller has to pay 5% and 10% tax collection at sources (TCS) on the total amount of tour package The practice of booking tour package by the person who wishes to oblige influential people will stop.

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Happy MahaShivaratri : The Significance of the Day

Subhodayam. Today we celebrate Maha-Shiv-Ratri, or Siddhi Ratri, the day when Lord Shiva, the adiyogi or the first guru is said to have awakened His consciousness at the material level of existence.
Shiva is a doctrine, a philosophy, an idea... not a form.

The formlessness that has the freedom to take any and every form, Shiva is dynamism, activity, the realization that helps us to overcome "darkness and ignorance" in life and the world. He is an example that shouts out saying understanding, adjustment, co-operation, and integration are the solution to life.

 This is the night when Shiva performs the heavenly dance of creation, preservation, and destruction. The night of awakening!

The Amavasya or new moon night and its complete darkness are symbolic of the burning, passionate, emotional, sentimental, fully desire-laden mind slowly becoming withdrawn, annihilated.

That which separates you from God is your mind. When the mind is withdrawn, Consciousness remains... the awareness that You are God or God is in you... an opportunity for one to dissolve their limitedness and experience the unboundedness of the source of creation which is the seed in every human being.

The recognition, the understanding of the life and vitality within, the celebration of that awareness is Shivaratri.

Become aware, spread, share and celebrate that awareness... the awareness of God within and everywhere.

God bless us all.

Happy MahaShivaratri to the whole world and especially to our intraday tips and delivery stock tips subscribers..

Enjoy this video on Maha Shivratri by Amitabh Bachchan and his other team associates. The video loads below which will mesmerise you.

May you all be blessed with a great married life. May the Ojas of life flows well to procreate greater beings. Om Namah Shivaye “ It is very rare that a man exhausts the whole of science single-handedly . Shiva is one of those geniuses. As far as meditation is concerned, in these thousands of years, nothing has been added to those one hundred and twelve methods. They are exhaustive. Shiva has taken note of every possibility. He has not left any corner, any space, any dimension in which you can discover a new method. Certainly, no other genius in the whole of humanity can be compared to this strange man .” – OSHO …………………………………………………………………………………………………………………….. Shiva is the one from which everything has come, everything is sustained and everything is dissolved! …………………………………………………………………………………………………………………… Shiva is that blissful and innocent consciousness which exists in every atom of the universe and also in us. Celebrating the Shiva tattva in oneself is called Shivaratri.......Shiva means yourself, your innermost core, the purest Self. Happy Maha Shivaratri.

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Development of Quiet China Post Corona Virus Attack

QUIET CHINAis a piece written by a Chinese Pastor sent to a brother in Istanbul via friends in Singapore.

The hustle and bustle of China finally quieted down, the restless society finally calmed down, and the restless Chinese people gradually calmed down. The Wild Animals that were once held by humans in cages finally managed to Keep Humans in "Cages.

"Humans finally lowered their proud head and begun to think quietly: Are we still the king of the earth? Mankind finally felt the power of Nature once again.

In the face of the threat of death, human beings have only begun to reflect seriously, only to realize that a lack of awe-inspiring social the atmosphere will lead to more harm and more risks. The greedy heart is being purified by the virus, and the mouth that loves to eat is being punished by the virus. The people who have been soaking in the bright red and green places all day have been driven home by the virus, saying.... Go home.

There are fewer and fewer people on the street, few cars on the road, The Air is getting Fresher...., the Haze is gone..., the Sky is getting Bluer...., the Sun is getting Brighter...., Family Lives are getting Warmer, Harmonial, and Cordial and People's hearts have become more and calmer.

People who haven’t read for Years have picked up books at home. Parents and children who had no communication with their children, couples who couldn’t speak a few words a year have opened up the conversation box. Children who did not know how to respect the elderly have also begun to be filial.

The virus taught human beings a vivid and profound lesson. It made us understand awe. It also let us know what is called "Good Times". It also made us feel true love on earth. It made us gradually fall in love "Return to the Road", we really should be grateful for this.

"Enemy", we need such an "enemy" to give us a Reminder" and give us  "Empowerment"

The virus will not leave so quickly, it needs to see the "Cultivation" of human's good habits, and the virus will not continue to rag, because Human love will gather more power to keep the virus away, time will tell us everything, Time will also prove what is right. I really like "Quiet China" and I hope Chinese people will take the initiative to build a "Quiet China" without the virus reminding them again.

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Interesting data on Credit Cards market in India

Some interesting data on the Credit Cards market in India

1. Top 6 banks command 80% market share of cards in force.

2. HDFC Bank has 1.37 Cr cards in force followed by SBI at 98 lac credit cards

3. HDFC Bank commands a market share of 25% of total cards issued.

4. Citibank customers do an avg of 6 transactions a month

5. American Express has the highest Card Spend per Customer per month at Rs 24,284.

6. Avg transaction value per card swipe is highest for Indusind at Rs 6994.

7. By count - 29% of all POS transactions go through HDFC cards.

Rest by count

18% for SBI.
14.7% for ICICI.
9.3% for Citi.
Axis 8.4%.

8. By value - 30% of all POS transactions go through HDFC cards.

Rest by Value.

18% for SBI.
11.6% for ICICI.
6.7% for Citi .
10.5% for Axis

Source : RBI

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Barbeque Nation IPO : Should You Go for it?

We are going to analyse the aspects related to barbeque Nation IPO and details are as enumerated below: Bengaluru-based Barbeque Nation Hospitality (BHNL) has filed IPO papers with Sebi for the second time.

Backed by private equity investor CX Partners and ace investor Rakesh Jhunjhunwala's investment firm Alchemy Capital, the IPO would comprise a fresh issue of shares as well as offer for sale. Up to 50 percent of the offer will be available for allocation to qualified institutional buyers (QIBs). In addition, 15 percent of the issue will be reserved for non-institutional bidders and 35 percent of the offer will be available for the allocation to retail individual bidders. According to market sources, the issue size will be approximately Rs 1,000-1,200 crore.

The issue will comprise a fresh issue of shares of Rs 275 crore and an offer for sale of up to 98,22,947 equity shares. The company may also consider doing a pre-IPO placement not exceeding Rs 150 crore, the company said in its DRHP. As of now wait and watch and let the grey market IPO premium warm-up to know the correct status of the company.

However from a layman point of view, Barbeque nation restaurants are expanding in each city and thus you know what I mean. You can get free IPO analysis Indian shares here.

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