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    The Income Tax Department  is revamping its Tax Information Network (TIN) and migrating to a newer version, TIN 2.0. It is redesigned to provide ease of usability, convenience and accuracy to taxpayers. Multiple channels are available for tax payment through TIN 2.0 For Account Holders  in any authorized bank Net banking     Debit Card   Payment Gateway- UPI and credit card   Authorized Bank Branches for Over The Counter For Other Tax Payers Payment Gateway ((20 plus banks) UPI Credit/Debit Card Authorized Bank Branches for Over The Counter TIN 2.0 Direct Tax flow  Tax payers can pay directly using various digital modes from the new TIN 2.0 site but in case of payment at bank counter tax payer need to generate challan and carry it to authorized bank branch for payment of direct tax. Process for same is given below Process flow to generate challan from TIN portal (Tax payer to visit Tax portal) Taxpayer to select new payment and select ‘Assessment Year’ a

Deceased claim process in Saving Bank Account with nominee and without nominee   Table of Contents Deceased claim process in Saving Bank Account with nominee and without nominee What is deceased claim settlement process and its objective? What is the process followed in case of application for deceased claim The first and the foremost thing that needs to be done by the claimant is the submission of death certificate to the respective bank branch. Bank Details verification Debit freeze marking Relationship Matching   What is deceased claim settlement process and its objective? Deceased claim process infers to payment of amounts held under deceased accounts to the claimants/legal heirs/nominee/survivor (Claimants) or release of contents in the locker or treatment of pipeline funds in a designated account after the death of the account holders upon receipt of information about the demise of an existing customer from Claimants. What is the process followe

  ESG Mutual Funds and their Future Potential in India Contents Overview Top ESG Mutual funds in India Advantages of Investing in ESG mutual funds   Overview The times since corporates started functioning in world there has been a tussle between their profitability and responsibility towards the environment. It has been realised recently in the last 20 to 30 years that mankind has afflicted irreversible damage to environment. And now to conserve the habitat and environment some steps need to be taken for linking the capitalism with the social responsibilities. To fulfil these objectives ESG funds were launched in the year 2020. The concept is new to India but globally there has been tremendous increase in the funds flow to ESG mutual funds. What are ESG funds : ESG investing is a broad term and is used to aim for positive returns on investment in addition to creating long term impact on society. Thus for selecting companies based on ESG parameters not only fina

  NRO Account Funds Repatriation Table of Contents NRE Account NRO Account Document required for remittances from NRE and FCNR repatriation Documents required for remittances from NRO accounts What is Form 15CA? What is Form 15CB? How much Money can be transferred from NRO account?   India currently has huge number of Non Resident Indian who are living abroad. These NRI are having income in India in form of rents, dividends, proceeds of property sold, gifts etc. Now if NRI’s want to transfer these funds parked in NRO account to their overseas account is it possible to transfer funds from NRO account to overseas account directly? To understand this let us first know the difference between NRE and NRO Account What is NRE  Account   Non Resident External Account In this account only foreign currency can be deposited and the amount is held in Indian Rupees denomination. In NRE account Indian Rupees cannot be deposited. Amount held in NRE account is fully re