Keep yourself updated with the latest financial news and updates.
Posted On : 26-Jun-2022
Reference : Livemint
To claim an exemption under Section 54F, the sale consideration has to be invested to buy a residential house within two years from the sale of the mutual fund investments
Posted On : 13-Jun-2022
Reference : ET Wealth
Governed under the Contract Act and read with the Power of Attorney Act,1882, a PoA is a legal document through which a person nominates another person to act on his behalf.
Posted On : 13-Jun-2022
Reference : Money Control
An increase in the e-mandate limit will help users leverage benefits available under the framework to a greater extent and enhance customer convenience.
Posted On : 13-Jun-2022
Reference : ET Wealth
Jeetendra Pathak, a LIC agent, had borrowed money from his office. After his father died, his daughter began receiving legal papers asking to repay his debt. Here's what happens to a borrower's debt after he or she passes away, as well as the major legal heirs' penalties if the borrower has an outstanding loan.
Posted On : 10-Jun-2022
Reference : Money Control
Considering the importance of cooperative banks in promoting inclusive growth, the Reserve Bank of India announced three measures for the cooperative banking sector.
Posted On : 10-Jun-2022
Reference : Money Control
Employees contributing over Rs 2.5 lakh to their EPF account will feel the pinch of tax on interest on the excess amount this year, as the rules will be implemented when EPFO credits interest for FY 2021-22.
Posted On : 09-Jun-2022
Reference : Money Control
First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.
Posted On : 09-Jun-2022
Reference : DNAindia.com
A 17-year-old who lost her parents to the Covid-19 pandemic has been burdened with repaying a load worth Rs 29 lakh to the insurance company LIC.
Posted On : 09-Jun-2022
Reference : Zeebiz.com
It is often seen that many people do not realize the importance of having a health insurance policy.
Posted On : 09-Jun-2022
Reference : Financial Express
The MWP Act is a provision that protects insurance money from creditors, banks and government agencies.
Posted On : 09-Jun-2022
Reference : Business League
New rules for closure of credit cards: If a credit card holder wants to get his card closed and the bank does not take action on it within seven days, then banks will have to pay Rs 500 per day to the credit card holders.
Posted On : 09-Jun-2022
Reference : Financial Express
Section 80C tax deductions on life insurance premiums, home loan repayments, investments in ELSS, Ulips, EPF or SCSS are reversible if the conditions on the holding period are not met.
Posted On : 09-Jun-2022
Reference : Money Control
The perpetual debate is rekindled in the wake of better regulations and low-interest rates, but it should be a financially driven decision rather than an emotional one.
Posted On : 09-Jun-2022
Reference : Money Control
Do not share Aadhaar copies indiscriminately, use masked Aadhaar or virtual ID for opening bank accounts and buying insurance policies to prevent misuse.
Posted On : 04-Jun-2022
Reference : Money Control
Holding many bank accounts has its benefits, but for those who are not financially disciplined, keeping track of multiple chequebooks, debit cards, net banking user IDs and passwords, and minimum monthly average balance can be quite cumbersome.
