government securities

RBI announces buyback of ₹25,000 crore worth G-Securities through auction on THIS date; check details here

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RBI announces buyback of ₹25,000 crore worth G-Securities through auction on THIS date; check details here

The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank of India (RBI) on Friday. The G-securities with coupon rate of 7.72 percent will mature on May 25 next year. The securities with coupon rate of 5.22 percent will mature … Read more

Here’s how to accurately declare assets in Schedule AL of your ITR

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Here's how to accurately declare assets in Schedule AL of your ITR

Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered accountant at Acer Tax & Corporate Services LLP, explains, “The government wanted a monitoring system to check if the value of a taxpayer’s assets corresponds to the income earned by them. Thus, Schedule AL was introduced.” To help taxpayers … Read more