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 The Central Board of Direct Taxes unveiled new Income Tax Return forms for assessment year 2018-19 on 5 April. Although the manner of filing returns remains the same as compared to last year, certain changes have been incorporated in the new ITR forms.
 Income Tax efiling: Must-do steps to file your IT return for FY 2017-18 on time till you get Form 16
 What are the tax filing deadlines for financial year 2017-18?
 How income tax department can penalise you for under-reporting, misreporting income
 Start your tax planning right now
 Government confident of meeting fiscal deficit, tax revenue targets
 Clarification with respect to the E-way Bill System
 Here is how you can save on taxes
 Here’s all you should know about filing Income Tax Return before March 31
 Tax benefits continue to accrue even after PPF a/c is transferred to another bank
 When you may have to visit income tax department’s compliance portal

RBI may raise net worth for new banks
June, 25th 2010

The Reserve Bank of India (RBI) is likely to insist that non-banking financial companies (NBFCs) that want to become a bank have a net worth (equity and free reserves) of at least Rs 1,000 crore. This is one of the many changes the central bank is planning to make in licensing norms for the new set of banks that may be allowed to open for business in the next two years or so. In the early 1990s, when RBI allowed the first set of new private banks to start business, they were required to have a net worth of Rs100 crore. Earlier this decade, when RBI allowed two more banks to come into being, the amount was raised to Rs300 crore.

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