Effective from July 1, 2021, a person who has not filed ITR for the previous two financial years and the aggregate TDS and TCS deducted from payments made to him/her in each of these financial years exceeds Rs 50,000, then such person would be subjected to higher TDS rate. Deductors of TDS/TCS like banks, mutual fund houses etc can now check if you have filed ITR when your income crosses the TDS limit from July 1, and levy two times the TDS amount if you haven’t filed your tax return. For this purpose, the income tax department has launched a…
Author: Miley Selena
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Officials say 90,000 doses of Pfizer vaccine directly purchased by the Vietnam government will be flown into the country on Wednesday. Pfizer vaccine would be stored in a special facility developed by the government as the vaccine need to be kept at -70°C. The country is negotiating for an additional 45 million doses, aiming to secure 150 million vaccine doses this year to cover 70 percent of the population The Ministry of Health said Monday that the first batch of more than 90,000 Pfizer Covid-19 vaccines will reach Hanoi’s Noi Bai International Airport Wednesday morning. The ministry also said that…
Vacations are the perfect escape from work and reality to treat yourself to luxury, relaxation and adventure. Whether you want to plop down on a beautiful beach with a book or trek on a great experience, you’ll find what you desire in each of these four locations. If you’re planning your next vacation, choose one of these hot spots to guarantee a trip you will not forget! 1. Key West Key West is perfect for relaxing on the beach with scenic ocean views. Sailing and snorkeling excursions along the reef will create unforgettable memories in this ideal location. Catamaran trips,…
The Reserve Bank of India (RBI) has amended the rules regarding how banks will pay interest on overdue, unclaimed fixed deposits (FDs). As per the new rule, such overdue, unclaimed FDs will earn lesser of the interest between the prevailing interest rate on the FD and the saving account rate. “If a Term Deposit (TD) matures and proceeds are unpaid, the amount left unclaimed with the bank shall attract rate of interest as applicable to savings account or the contracted rate of interest on the matured TD, whichever is lower,” says the RBI notification. RBI made this amendment to section…
Vietnam is committed to developing its role in the production value chain through FDI and has been preparing for many years to improve the qualifications of its workers. Vietnam’s economy has developed better than most other countries during the COVID-19 pandemic and is now in a very favorable position to lure foreign investment inflows after the China-US trade war and in the post-Covid-19 period. Vietnam welcomed the first wave of foreign direct investment (FDI) after it opened up to foreign investment in the late 1980s and the second wave of FDI after the country became a member of the World…
More than one million tourists have visited Lao Cai Province this year, an increase of 21 per cent compared to the same period in 2020. The northern province of Lao Cai, home to the popular holiday town of Sa Pa, has set a target of welcoming 5 million visitors this year bringing in more than US$696.17 million in tourism revenue. Visit Vietnam Insider’s homepage for more stories Lao Cai serves more than 1.1 million tourists in the first half-year, figures were announced by Lao Cai’s Department of Culture, Sports and Tourism (DCST). The rise in visitors was seen despite the…
Propzy, a Vietnam-based proptech startup that guides consumers through the entire process of a real estate transaction, is seeking to raise $50 million in its Series B funding round. John Le, CEO of Propzy, said that they have been in discussions with a diverse group of potential investors who have shown keen interest in the Vietnam story and Propzy’s market leadership. The fresh funding will be used to facilitate Propzy’s further penetration of the Ho Chi Minh City market and country-wide expansion. Related: Proptech firms catch the eye of foreign investors Complementing the geographic expansion will be product introductions such as…
The Health Ministry confirmed 328 domestic Covid-19 patients in 11 localities Monday morning, and more than half of them are in HCMC. Since April 27 when the new wave started in Vietnam, 16,782 community infections have been recorded in 55 of the nation’s 63 cities and provinces. Vietnam adds 328 cases to local Covid tally, the southern metropolis reported 175 patients, including 121 in isolated areas and quarantine zones, and the transmission sources of the remaining 54 are still unknown. Mekong Delta’s Dong Thap Province reported 100 cases, including 68 in areas that have been put under lockdown and 32…
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs)Short term weakness continued in gold. However, the interim short covering helped it to end the week on a flat note. Silver (Rs)Being a more volatile bullion, bigger short covering happened in silver and helped it to end the week with a gain of 1.5%. Platinum ($/troy ounce)Platinum remained range bound because the market participants were waiting for the US…