Recent Posts

Protection to Parents

Did you know there is an Act that defines the terms “Parents and Senior Citizens”? As per Section 2(d) of The Maintenance and Welfare of Parents and Senior Citizens Act, 2007, Parent means father or mother whether biological, adoptive or step-parent and includes father-in-law, mother-in-law, and grandparents, whether or not …

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Positive Pay system for Cheque Transactions

A couple of years back, on a sunny day, I received a call from my banker, Canara Bank, stating that there is a mismatch in my signature on a cheque which had come for clearing! It was no surprise to me, as I had a lot of variations in my …

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TDS on cash withdrawal from the Bank

“A chain is only as strong as its weakest link” – Someone must have reminded the Government of this proverb and from thereon, the Government has relentlessly engaged in linking business’. They don’t want to leave any weak links in any financial transactions. They have done straight links, cross links …

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