Write a Review of an Indian Restaurant and Get Paid Is a Paid Google Review a Scam

 


Write a Review of an Indian Restaurant and Get Paid

Is a Paid Google Review a Scam? 

A Big YES


Not a few but certainly a trending scam in India is reaping off innocent people who are looking for fast cash online schemes. One of the biggest scams this year that caught more than 15,000 people in India with a cumulative loss of over INR 700 crore has been highlighted. Turns out, the scam works by asking innocent users to post Google reviews and liking YouTube videos for monetary returns.


The last case around this scam was reported by a person in Hyderabad. According to him, the complainant (to the local crime branch) was duped off INR 28,00,000/-. The scam isn’t new but a trending one as it promises fast cash for small jobs. It involves posting Google reviews and liking YouTube videos as part-time jobs where you can earn thousands of rupees by devoting a few hours every day.


It involves paying a sum of INR 5,000/- as investments promising high returns for little effort. Scammers have roped in a lot of people, 15000 at least, who were the victim of this scam with a total loss of INR 700 crore.


The crime branch reported they found 48 bank accounts that were opened against shell companies with a total sum of INR 584 crore scammed from users. It later found additional 113 bank accounts with a sum of INR 128 crore which takes the total of over INR 700 crore.


Later the money will be routed to China through Dubai and then converted into cryptocurrency which is not traceable. The Hyderabad Police found Lebanon-based terror group Hezbollah to be associated with the scam as some of the money got routed to the group as well. The police have so far arrested two people from Ahmedabad, three from Mumbai, and four from Hyderabad and awaiting the arrest of six more associated with this scam.


Once I got a what's app message saying freelance job for providing Reviews on Google map, each Review 50rs & payable after completion of 3 tasks.. Total 24 task per day but in between these tasks there were prepaid tasks where you need to pay some amount starting from 2k to 90k after 10 mins you will get your money back with 50% extra money. They will add you to telegram group and you start doing Reviewing n get paid as tasks being completed..in that telegram group bunch of frauds share screenshots of paying for prepaid task like 10, 40, 90k & getting with extra money for that…it's just a trap. Initially they will pay you to gain trust but later you'll be trapped with huge amount for prepaid tasks…


I have been approached by an unknown number to write a Review of an Indian restaurant and get paid. 


I feel it’s a Scam.

Today a girl contacted me from unknown number,


Yes, its a Scam, i was added to a telegram group after a person contacted me on whatsapp regarding job opportunity, they offered me 50 rs for a Review on maps,


And when you are in the telegram group they give you tasks and for a Review you get paid 50rs, among the tasts there is a recharge task in which you have to pay certain amount and you get the money back with 50% commission, it starts with 2000 upto 250000,


There were 55 people in the group, who share ss of the transaction and the bonus they recieve,


I asked that girl, per Review I will take 500rs,


I did first Review , they paid me 200rs only, 

I asked them for 500, they said no,


So i deleted the Review and got 200rs in my account,


This is 100% Scam, beware from these frauds, do few Reviews, take money, and if they ask for any money for any task , don't pay from your end,


Make few INR and block their numbers, don't fall into trap to complete all task,


They are here to Scam you, they will ask you to pay few thousand for this task after gaining your trust, the moment you will pay, you are looted, they succeed,



Although i already knew it was a Scam i wanted to see how it works, so basically among those 100 people there are few who get lured into it and to gain the trust of those individuals those high value transaction ss are shared in the group by Scammers, you have to keep doing this recharge task


Once you are trust them enough you recharge and your money will be gone.


Play smartly, take 200rs to 500rs from them and block their numbers, telegram groups



> Me : :

HBDG-2000


> Man Mohan:

Start executing the task now, the data obtained is in progress, please do not leave.


> Me : :

ok


> Man Mohan:

🖼 Step 1: Click on the market

Step 2: BTC/USDT

Step 3: Click buy more (90S )

Step 4: Enter 800

Step 5: Click OK


> Man Mohan:

Choose a time of 90 seconds, fill in the amount of 800, and then take a screenshot and send it to me.


You can only purchase once. If you click repeatedly, data will be confused and you will be responsible for the consequences.


> Man Mohan:

Hello,


 > Man Mohan:

Each time you complete a purchase, wait 90 seconds and the merchant will pay out the reward.


> Man Mohan:

Refresh the page to see if the account balance is 2800

> Man Mohan:

OK, congratulations, this welfare task has been completed, you can contact your manager to withdraw money! See you at the next welfare task


> Sujata Agarwal:

Today's work has been completed, and the group will continue to publish tasks starting at 9:30 tomorrow morning. See you tomorrow! ❤️


> Me : :

Good night 😴


> Sujata Agarwal:

Good morning, I wish you a good day, the group will publish tasks at 9:30 and start working☀️


> Me : :

Sure


> Me : :

🖼 Photo

> Sujata Agarwal:

300RS has been submitted to the Finance Department, please be patient and wait for it to arrive! (about 5-15 minutes)


> Me : :

OK 👍


> Me : :

Pay


> Sujata Agarwal:

Did you only receive 150rs?


> Me : :

Only 150rs received


> Me : :

Yes


> Sujata Agarwal:

Wait patiently, merchants will pay separately


> Me : :

OK 👍


> Me : :

🖼 Photo


> Sujata Agarwal:

100


> Me : :

🖼 Photo


> Sujata Agarwal:

200rs


> Me : :

ok


> Me : :

2000


> Sujata Agarwal:

Minimum 5000


> Me : :

Sorry i dont have now


> Me : :

can i skip


> Sujata Agarwal:

No


> Sujata Agarwal:

You can't skip it this time or your salary will be reduced to 50 each time


> Me : :

omg


> Sujata Agarwal:

You can increase your salary by doing welfare tasks, but skipping welfare tasks can also affect your salary by reducing it.


>:

ok


> Sujata Agarwal:

Do you choose to skip or reduce your salary?



> Sujata Agarwal:

Today's work has been completed, and the group will continue to publish tasks starting at 9:30 tomorrow morning. See you tomorrow! ❤️


> Me : :

Good night 😴


> Sujata Agarwal:

Good morning, I wish you a good day, the group will publish tasks at 9:30 and start working☀️


> Me : :

Sure


> Me : :

🖼 Photo


> Sujata Agarwal:

300RS has been submitted to the Finance Department, please be patient and wait for it to arrive! (about 5-15 minutes)


> Me : :

OK 👍


> Me : :

Pay


> Sujata Agarwal:

Did you only receive 150rs?


> Me : :

Only 150rs received


> Me : :

Yes


> Sujata Agarwal:

Wait patiently, merchants will pay separately


> Me : :

OK 👍


> Me : :

🖼 Photo


> Sujata Agarwal:

100


> Me : :

🖼 Photo


> Sujata Agarwal:

200rs


> Me : :

ok


> Me : :

2000


> Sujata Agarwal:

Minimum 5000


> Me : :

Sorry i dont have now


> Me : :

can i skip


> Sujata Agarwal:

No


> Sujata Agarwal:

You can't skip it this time or your salary will be reduced to 50 each time


> Me : :

omg


> Sujata Agarwal:

You can increase your salary by doing welfare tasks, but skipping welfare tasks can also affect your salary by reducing it.


>:

ok


> Sujata Agarwal:

Do you choose to skip or reduce your salary?


> Me : :

Yes


> Sujata Agarwal:

You can't skip it this time or your salary will be reduced to 50 each time


> ME:

omg


> Sujata Agarwal:

You can increase your salary by doing welfare tasks, but skipping welfare tasks can also affect your salary by reducing it.


> ME:

ok


> Sujata Agarwal:

Do you choose to skip or reduce your salary?


> ME:

Yes


> Sujata Agarwal:

Which?


> ME:

skip


> Sujata Agarwal:

Ok


> ME:

Hi


> Sujata Agarwal:

Hello


> ME:

Group link


> Sujata Agarwal:

I told you very clearly


> ME:

What


> Sujata Agarwal:

You have skipped welfare tasks many times and you have been removed from the group. You need to complete a welfare task before you can be re-invited to the group.


> :

ok


> ME:

200 r u paying


> Sujata Agarwal:

You need to complete the welfare tasks, and the merchant will settle the bill together.



You have skipped welfare tasks many times and you have been removed from the group. You need to complete a welfare task before you can be re-invited to the group.


You have skipped welfare tasks many times and you have been removed from the group. You need to complete a welfare task before you can be re-invited to the group.


Caution: 

If you are approached for such part-time jobs that are offering high returns in no time or say, it sounds ‘too good to be true’, then it’s probably a scam. It is better to steer away from such people or websites and instead, find legitimate opportunities.

Yes, offering payment for Google reviews is against Google's policies and could be considered unethical or even fraudulent. It's best to avoid such offers, as they may lead to negative consequences for both you and the business.


offering payment for Google reviews is a violation of Google's policies. Google's review policies explicitly state that reviews should be unbiased and should not be influenced by any form of compensation, including money, gifts, or other incentives. Engaging in such practices can result in the removal of reviews, penalties for the business, or even the suspension of the business's Google My Business account.


It's crucial to maintain the integrity of online reviews by encouraging genuine feedback from customers who have had real experiences with the business. Businesses should focus on providing excellent products or services, encouraging satisfied customers to share their honest opinions voluntarily. This approach is not only ethical but also helps in building a positive and authentic online reputation.


https://www.Fintech-Start-Up.com



Is a Paid Google Review a Scam? 


Team of Scammers







 

#humanresources, #google, #microsoft, #amazon, #apple, #facebook, #jobsearch #opentowork #networkingtips #linkedintips #networking #entrepreneurship #usa, #technology #careers #startups #interview #job #recruitment #careers #openfornewopportunities #hiringengineers #softwareengineerjobs #jobopportunites #jobseekers #linkedin #recruiters #jobs, #apply

Unraveling the Intricacies of Kotak Mahindra Bank's Practices

 A Customer's Concern: Unraveling the Intricacies of Kotak Mahindra Bank's Practices…


Navigating the world of banking should be a straightforward affair, but for some, like myself, the recent experiences with Kotak Mahindra Bank have been far from that ideal. I am here to express my concerns regarding persistent requests to open new accounts, frequent OTP demands, and the engagement of customer executive Neha Malviya in what feels like an overly intrusive process.


Kotak Mahindra Bank has been a trusted financial ally for many. However, the bank's recent approach to customer engagement has left a sour taste for some, including me. The incessant calls urging customers to open new accounts have gone beyond informative and entered the realm of intrusion.


Security is, of course, a priority in banking. However, the relentless demands for OTPs have become a source of inconvenience and concern. Striking the right balance between ensuring security and respecting customers' time and privacy is essential. 


In the midst of these concerns, the role of customer executive Neha Malviya has come into focus. While her efforts to engage customers and discuss the benefits of opening new accounts are acknowledged, the frequency of these calls and the subsequent requests for OTPs have raised eyebrows. 


Reports from customers highlight instances where Neha Malviya has personally called to discuss new account opportunities. While her proactive approach is commendable, the overall impact on customer experience needs scrutiny, especially concerning the repeated requests for OTPs. 


As a devoted customer, my intent is not to merely complain but to highlight areas of improvement in Kotak Mahindra Bank's practices. The excessive outreach, coupled with the demand for frequent OTPs, detracts from the otherwise positive banking experience that many customers initially signed up for.


A plea for Kotak Mahindra Bank to reevaluate its customer engagement practices. Banking should be secure, straightforward, and respectful of customers' time and privacy. Kotak Mahindra Bank, with the support of dedicated customer executives like Neha Malviya, has an opportunity to address these concerns promptly. Let's strive for a banking experience that is both secure and customer-friendly.


Adv Vaishnavi V. Hiremath  

Sr Advisor

Asiatic International Corp

vaishnavi@aircrewsaiation.com

vaishnavi@flying-crews.com

www.Flying-Crews.com

Linktree:

https://linktr.ee/vaishnavi_asiatic03 

LinkedIn:

https://www.linkedin.com/in/vaishnavi-v-hiremath-3799a1200 

https://vaishnavi.vcardinfo.com


Kotak Mahindra Bank Limited Fraud

Kotak Mahindra Bank Limited Fraud 



Kotak Mahindra General Insurance Company Limited

CRN No : 763113078

Policy no :3723214700


Dear Investor community,

I am writing to share a recent experience with Kotak Mahindra Bank Limited, which has left me quite dissatisfied. On September 20, 2023, I noticed an unauthorized debit of Rs 3399 from my Savings Account linked to Policy No: 3723214700, associated with Kotak Mahindra General Insurance Company Limited (CRN No: 763113078).

I want to emphasize that I have never applied for or authorized this KotakGroupSmartHealthNew policy, and this deduction came as a complete surprise. Naturally, I reached out to the bank through care@kotak.com to address this issue promptly.

However, the response I received from Kotak Mahindra Bank Limited left much to be desired. They replied with the following email:

Subject Re: Unauthorized Deduction - Policy No: 3723214700


See their Reply : 

Dear Mr. Gupta,


We appreciate you reaching out to Kotak General Insurance.

We are sorry to hear about your desire to cancel the policy. However, upon reviewing your email, we regret to inform you that we are currently unable to locate your policy details in our system.

In order to assist you further, we kindly request that you provide us with the following documents:

Policy PDF received (if any).

Registered contact details.

Bank statement in PDF format, clearly showing the account number and CRN number, reflecting the debit in favor of Kotak General Insurance.

These documents will enable us to promptly address your concerns and rectify the situation.

I sincerely request Kotak Mahindra Bank Limited to expedite the resolution process, refund the deducted amount to my Savings Account, and refrain from any future unauthorized deductions for General Insurance policies.


Thank you for your understanding and cooperation.


Sincerely, 


I hope that by sharing my experience, it will help raise awareness of such issues and encourage businesses to take swift action in resolving customer concerns.

कोटक महिंद्रा जनरल इंश्योरेंस कंपनी लिमिटेड


सीआरएन नंबर: 763113078


पॉलिसी नंबर :3723214700




प्रिय निवेशक समुदाय,


मैं कोटक महिंद्रा बैंक लिमिटेड के साथ एक हालिया अनुभव साझा करने के लिए लिख रहा हूं, जिससे मैं काफी असंतुष्ट हूं। 20 सितंबर, 2023 को, मैंने कोटक महिंद्रा जनरल इंश्योरेंस कंपनी लिमिटेड (सीआरएन नंबर: 763113078) से जुड़े पॉलिसी नंबर: 3723214700 से जुड़े अपने बचत खाते से 3399 रुपये का अनधिकृत डेबिट देखा।


मैं इस बात पर जोर देना चाहता हूं कि मैंने कभी भी इस कोटाग्रुपस्मार्टहेल्थन्यू पॉलिसी के लिए आवेदन नहीं किया है या इसे अधिकृत नहीं किया है, और यह कटौती पूरी तरह से आश्चर्यचकित करने वाली थी। स्वाभाविक रूप से, मैं इस मुद्दे का तुरंत समाधान करने के लिएcare@kotak.com के माध्यम से बैंक तक पहुंचा।


हालाँकि, कोटक महिंद्रा बैंक लिमिटेड से मुझे जो प्रतिक्रिया मिली, उसमें बहुत कुछ अपेक्षित नहीं था। उन्होंने निम्नलिखित ईमेल से उत्तर दिया:


विषय पुनः: अनधिकृत कटौती - पॉलिसी संख्या: 3723214700




Dear Mr. Gupta,


We appreciate you reaching out to Kotak General Insurance.


We are sorry to hear about your desire to cancel the policy. However, upon reviewing your email, we regret to inform you that we are currently unable to locate your policy details in our system.


In order to assist you further, we kindly request that you provide us with the following documents:


Policy PDF received (if any).

Registered contact details.

Bank statement in PDF format, clearly showing the account number and CRN number, reflecting the debit in favor of Kotak General Insurance.

These documents will enable us to promptly address your concerns and rectify the situation.


I sincerely request Kotak Mahindra Bank Limited to expedite the resolution process, refund the deducted amount to my Savings Account, and refrain from any future unauthorized deductions for General Insurance policies.


Thank you for your understanding and cooperation.


Sincerely, 

#CustomerExperience, #KotakMahindraBank, #InsurancePolicy, #CustomerSatisfaction, #BankingIssues,

From Inception to New Heights: The 37-Year Journey of Sensex to 64,000 Points

From Inception to New Heights: The 37-Year Journey of Sensex to 64,000 Points




The Sensex, the benchmark stock market index of the Bombay Stock Exchange (BSE) in India, has witnessed a remarkable journey over the past 37 years. From its inception in 1986, the Sensex has steadily grown, overcoming numerous challenges and economic fluctuations. Today, it stands at an impressive milestone of 64,000 points, reflecting the resilience and growth of the Indian economy. This article delves into the factors that have contributed to the Sensex's ascent to new heights, showcasing the remarkable journey of this iconic index.



1.Inception and Early Years:

The Sensex was introduced on January 1, 1986, with a base value of 100 points. It comprised 30 stocks, representing diverse sectors of the Indian economy. During its initial years, the Sensex faced volatility and uncertainty as the Indian markets underwent liberalization and structural reforms. However, as the economy stabilized and reforms gained momentum, the Sensex started to gain traction, gradually setting the stage for its upward trajectory.


2.Economic Reforms and Global Integration:

The early 1990s marked a significant turning point for the Indian economy. The government implemented a series of economic reforms, including liberalization, privatization, and globalization, which opened up the Indian markets to foreign investors. This period witnessed increased foreign direct investment, technological advancements, and the entry of multinational corporations. These factors, coupled with a growing middle class and rising domestic consumption, provided the impetus for the Sensex's growth.


3.Financial Sector Reforms:

The Indian financial sector witnessed transformative changes over the years, which played a crucial role in the Sensex's upward journey. The establishment of the National Stock Exchange (NSE) in 1994 brought greater transparency and efficiency to the Indian stock markets. Additionally, regulatory reforms, such as the introduction of the Securities and Exchange Board of India (SEBI), strengthened investor confidence and ensured a level playing field. The development of robust financial institutions, improved corporate governance practices, and the availability of diverse financial instruments further fueled the Sensex's rise.


4.Infrastructure and Industrial Growth:

India's infrastructure and industrial sectors have experienced substantial growth over the past few decades, contributing to the Sensex's ascent. Investments in transportation, power, telecommunications, and urban development have transformed the country's infrastructure landscape. Moreover, the industrial sector, particularly information technology, pharmaceuticals, automobiles, and manufacturing, has flourished, attracting both domestic and international investors. The positive outlook for these sectors has propelled the Sensex to new heights.


5.Demographic Advantage and Consumption Boom:

India's demographic advantage, with a large and young population, has played a pivotal role in the Sensex's growth story. The burgeoning middle class has driven domestic consumption, leading to increased demand for goods and services. This consumption boom has spurred business growth and profitability, reflected in the rising stock prices of companies listed on the Sensex.


The journey of the Sensex from its inception to reaching the remarkable milestone of 64,000 points is a testament to India's economic growth and resilience. Over the past 37 years, the Sensex has overcome challenges, embraced reforms, and capitalized on opportunities to emerge as one of the world's leading stock market indices. Factors such as economic reforms, financial sector development, infrastructure growth, and the demographic advantage have fueled the Sensex's upward trajectory. As India continues on its path of progress and economic transformation, the Sensex is poised to scale even greater heights, symbolizing the country's potential and dynamism in the global marketplace.



https://www.portrait-business-woman.com/2023/05/aparna-thakur.html

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

aparna10bestincity@gmail.com

www.10BestIncity.com


Linktree: https://tr.ee/lIJZgVTJo1

LinkedIn: www.linkedin.com/in/

aparna-thakur08

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YouTube:https://www.youtube.com/@10BestInCity

Email: info@10bestincity

https://www.portrait-business-woman.com/2023/05/aparna-thakur.html


https://www.fintech-start-up.com/2023/06/from-inception-to-new-heights-37-year.html

#sensex, #nifty, #stockmarket, #sharemarket #bse, #nse, #investing, #stockmarketindia, #indianstockmarket, #trading, #stocks, #stockmarketnews, #banknifty, #intraday, #investment, #dalalstreet, #niftyfifty, #intradaytrading, #finance, #money, #investor, #stock, #indiansharemarket, #stockmarketinvesting, #india, #warrenbuffet, #marketnews, #business, #technicalanalysis, #trader


@ Infoys@ HCL Tech @ Cummins India @ UPL @Pidilite Bank @ Axis Bank @ HDFC Bank @ MRF @ Aurobindo Pharma @TCS @Asian Paints 


@ Shekhar Gupta @ 10 Bestincity @ Aparna Thakur

No TCS (Tax Collected at Source) on Credit Card spending Abroad—Reform Update Aparna Thakur

 No TCS (Tax Collected at Source) on Credit Card spending Abroad—Reform Update Aparna Thakur




Tax Collected at Source (TCS) is a mechanism employed by tax authorities to collect tax on certain specified transactions at the time of purchase or payment. In recent years, there has been a significant reform in the application of TCS on credit card spending abroad. This reform has brought about a change in the taxation framework and has implications for both individuals and businesses engaged in international transactions. In this case study, we will explore the details of this reform and its impact on credit card spending abroad.



Previously, when an individual used a credit card for making purchases overseas, a TCS was levied on the transaction. This meant that a certain percentage of the payment made abroad was collected as tax by the Indian tax authorities at the time of the transaction. However, this system had several challenges and limitations. It added an additional burden on travelers and affected the ease of doing business for international merchants. Recognizing these issues, the government implemented a reform to eliminate TCS on credit card spending abroad.



Under the updated reform, individuals no longer have to pay TCS on credit card spending abroad. This change is aimed at simplifying the taxation process and promoting ease of travel and international business. It allows individuals to make credit card transactions abroad without the immediate burden of tax collection. However, it is important to note that this reform does not exempt individuals from their tax liabilities. They are still required to report their foreign income and pay applicable taxes during the income tax filing process.



The removal of TCS on credit card spending abroad has several positive implications. Firstly, it relieves travelers of the immediate tax burden, making international travel more convenient. It also promotes a more seamless experience for individuals making purchases from international merchants, as they no longer have to deal with additional tax collection procedures. This reform is expected to boost cross-border trade and encourage individuals to use credit cards while traveling abroad.



The elimination of TCS on credit card spending abroad is a significant reform that has simplified the taxation process for individuals and facilitated international transactions. It reflects the government's commitment to fostering ease of doing business and promoting cross-border trade. While individuals are no longer required to pay TCS at the time of the transaction, they must still fulfill their tax obligations by reporting foreign income and paying applicable taxes during the income tax filing process. Overall, this reform has had a positive impact on credit card spending abroad, benefiting both travelers and businesses engaged in international trade.


विदेश में क्रेडिट कार्ड से खर्च पर कोई टीसीएस (स्रोत पर कर संग्रह) नहीं - सुधार अद्यतन।



स्रोत पर कर संग्रह (TCS) खरीद या भुगतान के समय कुछ निर्दिष्ट लेनदेन पर कर एकत्र करने के लिए कर अधिकारियों द्वारा नियोजित एक तंत्र है। हाल के वर्षों में, विदेश में क्रेडिट कार्ड खर्च पर टीसीएस के अनुप्रयोग में महत्वपूर्ण सुधार हुआ है। इस सुधार से कराधान ढांचे में बदलाव आया है और इसका प्रभाव अंतरराष्ट्रीय लेनदेन में लगे व्यक्तियों और व्यवसायों दोनों पर पड़ेगा। इस केस स्टडी में, हम इस सुधार के विवरण और विदेशों में क्रेडिट कार्ड खर्च पर इसके प्रभाव का पता लगाएंगे।



पहले, जब कोई व्यक्ति विदेश में खरीदारी करने के लिए क्रेडिट कार्ड का उपयोग करता था, तो लेनदेन पर टीसीएस लगाया जाता था। इसका मतलब यह था कि लेनदेन के समय विदेश में किए गए भुगतान का एक निश्चित प्रतिशत भारतीय कर अधिकारियों द्वारा कर के रूप में एकत्र किया गया था। हालाँकि, इस प्रणाली में कई चुनौतियाँ और सीमाएँ थीं। इससे यात्रियों पर अतिरिक्त बोझ पड़ा और अंतरराष्ट्रीय व्यापारियों के लिए व्यापार करने में आसानी प्रभावित हुई। इन मुद्दों को पहचानते हुए, सरकार ने विदेश में क्रेडिट कार्ड खर्च पर टीसीएस को खत्म करने के लिए एक सुधार लागू किया।



अद्यतन सुधार के तहत, व्यक्तियों को अब विदेश में क्रेडिट कार्ड से खर्च पर टीसीएस नहीं देना होगा। इस बदलाव का उद्देश्य कराधान प्रक्रिया को सरल बनाना और यात्रा और अंतर्राष्ट्रीय व्यापार में आसानी को बढ़ावा देना है। यह व्यक्तियों को कर संग्रह के तत्काल बोझ के बिना विदेश में क्रेडिट कार्ड से लेनदेन करने की अनुमति देता है। हालाँकि, यह ध्यान रखना महत्वपूर्ण है कि यह सुधार व्यक्तियों को उनकी कर देनदारियों से छूट नहीं देता है। उन्हें अभी भी अपनी विदेशी आय की रिपोर्ट करने और आयकर दाखिल करने की प्रक्रिया के दौरान लागू करों का भुगतान करने की आवश्यकता है।



विदेश में क्रेडिट कार्ड खर्च पर टीसीएस हटाने के कई सकारात्मक प्रभाव होंगे। सबसे पहले, यह यात्रियों को तत्काल कर के बोझ से राहत देता है, जिससे अंतर्राष्ट्रीय यात्रा अधिक सुविधाजनक हो जाती है। यह अंतरराष्ट्रीय व्यापारियों से खरीदारी करने वाले व्यक्तियों के लिए अधिक सहज अनुभव को भी बढ़ावा देता है, क्योंकि उन्हें अब अतिरिक्त कर संग्रह प्रक्रियाओं से नहीं जूझना पड़ता है। इस सुधार से सीमा पार व्यापार को बढ़ावा मिलने और व्यक्तियों को विदेश यात्रा के दौरान क्रेडिट कार्ड का उपयोग करने के लिए प्रोत्साहित करने की उम्मीद है।



विदेश में क्रेडिट कार्ड खर्च पर टीसीएस को खत्म करना एक महत्वपूर्ण सुधार है जिसने व्यक्तियों के लिए कराधान प्रक्रिया को सरल बनाया है और अंतरराष्ट्रीय लेनदेन को सुविधाजनक बनाया है। यह व्यापार करने में आसानी को बढ़ावा देने और सीमा पार व्यापार को बढ़ावा देने के लिए सरकार की प्रतिबद्धता को दर्शाता है। जबकि व्यक्तियों को अब लेनदेन के समय टीसीएस का भुगतान करने की आवश्यकता नहीं है, फिर भी उन्हें विदेशी आय की रिपोर्ट करके और आयकर दाखिल करने की प्रक्रिया के दौरान लागू करों का भुगतान करके अपने कर दायित्वों को पूरा करना होगा। कुल मिलाकर, इस सुधार का विदेशों में क्रेडिट कार्ड खर्च पर सकारात्मक प्रभाव पड़ा है, जिससे यात्रियों और अंतर्राष्ट्रीय व्यापार में लगे व्यवसायों दोनों को लाभ हुआ है।



Aparna Thakur

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UPI: A Game- Changer for Financial Inclusion in India

UPI: A Game- Changer for Financial Inclusion in India 



Financial inclusion is a vital aspect of economic development and empowerment, ensuring that individuals and communities have access to essential financial services and resources. In India, where a significant portion of the population remains unbanked or underbanked, the Unified Payments Interface (UPI) has emerged as a game-changer for achieving financial inclusion. UPI is a real-time payment system that allows users to transfer funds instantly between bank accounts using a mobile phone. Since its launch in 2016, UPI has revolutionized the way people in India conduct financial transactions, breaking down barriers and providing equal opportunities for individuals, regardless of their socioeconomic background. This essay explores how UPI has become a game-changer for financial inclusion in India and its transformative impact on the lives of millions.



1.Accessibility and Convenience:

UPI has played a crucial role in extending financial services to the unbanked and underbanked population in India. Traditionally, accessing banking services required physical presence at a bank branch, which posed significant challenges for people living in remote areas or lacking proper identification documents. UPI eliminates these barriers by enabling individuals to open a bank account digitally using their mobile phones. This has opened up a world of financial opportunities for millions who were previously excluded from the formal banking sector. With UPI, individuals can now perform transactions, such as fund transfers, bill payments, and online shopping, at their convenience, anytime and anywhere.


2.Seamless and Instant Transactions:

One of the most remarkable features of UPI is its ability to facilitate real-time, peer-to-peer transactions. Through a simple and user-friendly interface, users can transfer funds instantly to any UPI-enabled bank account using a virtual payment address or mobile number. This convenience has transformed the way people handle their financial affairs, replacing the need for cash transactions and reducing the reliance on physical banking infrastructure. UPI has made financial transactions seamless, eliminating the delays and complexities associated with traditional payment methods. This speed and efficiency have particularly benefited small businesses, merchants, and individuals engaged in the informal sector, allowing them to receive payments promptly and efficiently.


3.Digital Empowerment and Inclusion:

UPI has been instrumental in fostering digital empowerment and inclusion among individuals who were previously excluded from the formal financial ecosystem. With UPI, even those without smartphones or internet connectivity can use basic feature phones to access financial services through the *99# service. This USSD-based platform enables individuals to check their account balance, transfer funds, and make payments using a simple, text-based interface. This innovative approach has bridged the digital divide and ensured that individuals from all strata of society can participate in the digital economy, enhancing financial literacy and enabling economic progress.



The Unified Payments Interface (UPI) has undoubtedly emerged as a game-changer for financial inclusion in India. By leveraging the power of mobile phones and digital technology, UPI has empowered millions of unbanked and underbanked individuals, granting them access to essential financial services. UPI's accessibility, convenience, and real-time transaction capabilities have transformed the way people handle their financial affairs, eliminating barriers and bridging the digital divide. As UPI continues to evolve and expand its reach, it holds immense potential for driving further financial inclusion, economic growth, and empowerment in India. It serves as a testament to the transformative power of technology in fostering inclusive and sustainable development.



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Aparna Thakur

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Exploring 5 Essential Investment Accounts: Building a Strong Financial Foundation Aparna Thakur

Exploring 5 Essential Investment Accounts: Building a Strong Financial Foundation Aparna Thakur



Building a strong financial foundation is crucial for long-term financial success and security. One effective way to achieve this is through strategic investing. By utilizing various investment accounts, individuals can diversify their portfolios, optimize tax advantages, and secure their future financial well-being. In this article, we will explore five essential investment accounts that can help you lay a solid financial foundation. Whether you are a seasoned investor or just starting your investment journey, understanding these accounts will empower you to make informed decisions and maximize your returns.


I. Individual Retirement Accounts (IRAs):

Individual Retirement Accounts, or IRAs, are powerful investment vehicles designed specifically for retirement savings. There are two main types of IRAs: Traditional IRAs and Roth IRAs. Traditional IRAs offer tax-deferred growth, meaning your contributions are tax-deductible, and you only pay taxes when you withdraw funds in retirement. On the other hand, Roth IRAs allow for tax-free growth, where your contributions are made with after-tax money, but your withdrawals in retirement are tax-free. Depending on your financial circumstances and goals, choosing the right IRA can significantly impact your retirement savings.


II. Employer-Sponsored Retirement Plans:

Many employers offer retirement plans such as 401(k)s or 403(b)s, which provide employees with an opportunity to save for retirement through salary deferrals. These plans often come with employer matches, allowing you to grow your savings faster. Contributions to these plans are typically made with pre-tax dollars, providing immediate tax benefits. It is essential to take full advantage of employer matches as they offer a significant boost to your retirement savings.


III. Taxable Brokerage Accounts:

Taxable brokerage accounts are versatile investment accounts that allow you to invest in a wide range of assets, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Unlike retirement accounts, taxable brokerage accounts do not provide specific tax advantages. However, they offer greater flexibility in terms of accessibility to funds and investment choices. These accounts can be an excellent option for individuals who have maximized their contributions to retirement accounts or have other short-term financial goals.


IV. Health Savings Accounts (HSAs):

Health Savings Accounts, or HSAs, are unique investment accounts available to individuals with high-deductible health insurance plans. HSAs offer a triple tax advantage: contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses are also tax-free. These accounts can serve as powerful retirement savings vehicles, as unused funds can be invested and carried forward year after year. By leveraging an HSA effectively, individuals can address their current healthcare needs while building a nest egg for medical expenses in retirement.


V. Education Savings Accounts:

For those planning for their children's education or pursuing further education themselves, education savings accounts are invaluable. Two popular options are the 529 plans and the Coverdell Education Savings Accounts (ESAs). 529 plans offer tax-deferred growth and tax-free withdrawals for qualified education expenses, while Coverdell ESAs provide similar tax advantages but have lower contribution limits and more flexible investment options. These accounts enable individuals to save for education expenses and minimize the financial burden of tuition fees.



Establishing a strong financial foundation requires a thoughtful approach to investing. By understanding and utilizing essential investment accounts, you can optimize your savings, minimize taxes, and secure your financial future. Individual Retirement Accounts (IRAs) provide retirement-specific benefits, while employer-sponsored retirement plans offer additional advantages like employer matches. Taxable brokerage accounts offer flexibility, while Health Savings Accounts (HSAs) combine healthcare and retirement savings. Lastly, education savings accounts ensure a brighter future for you and your loved ones. By leveraging these investment accounts effectively, you can build a strong financial foundation that will withstand the test of time and provide you with a prosperous future.

 

Aparna Thakur

(Fin-Tech manager)

10bestincity@gmail.com

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