The Current Account-Savings Account (CASA) ratio is a key financial metric used in the banking industry to assess the proportion of a bank's deposits that are held in current accounts and savings accounts compared to its total deposits.The CASA ratio is a crucial indicator of a bank's funding structure and efficiency. Regular monitoring of this ratio helps banks manage … [Read more...] about Understanding Bank’s Current Account-Savings Account (CASA) ratio
Understanding Bank’s Net Interest Margin (NIM): A Key Indicator of Profitability
Net Interest Margin (NIM) is a key financial indicator used to assess a bank's profitability and efficiency in managing its interest-earning assets and interest-bearing liabilities.In other words, NIM measures how effectively a bank is using its interest-earning assets to generate income. By closely monitoring Net Interest Margin (NIM), banks can make informed … [Read more...] about Understanding Bank’s Net Interest Margin (NIM): A Key Indicator of Profitability
Late fees and penal Interest for delaying income tax return filing
Late fees and penal interest for delaying the filing of income tax returns are governed by the Income Tax Act,1961.Section 234F, which is introduced in the Finance Act, 2017, imposes a late fee for individuals who fail to file their income tax returns by the due date.In addition to late fee, section 234A applies to the interest charged for delayed filing of income … [Read more...] about Late fees and penal Interest for delaying income tax return filing
ITR Filing Due Date Extended to September 15, 2025: What You Need to Know
This year, the Central Board of Direct Taxes (CBDT) has given all of us a breather. The last date to file your ITR (Income Tax Return) for FY 2024–25 (AY 2025–26) has been extended from 31st July to 15th September 2025 for non-tax audit cases.But why was it extended? And what does this mean for you?In this guide, I’ll break it down in the simplest way … [Read more...] about ITR Filing Due Date Extended to September 15, 2025: What You Need to Know
Key scenarios that mandate income tax return filing in India
In India, filing an Income Tax Return (ITR) is mandatory under certain conditions. In this article, we will be discussing key scenarios when an individual must file an income tax return (ITR) in India.Even if your income is below the basic exemption limit and you may not be liable to pay tax, filing an Income Tax Return (ITR) can still be important and sometimes mandatory … [Read more...] about Key scenarios that mandate income tax return filing in India