Keep yourself updated with the latest financial news and updates.
Posted On : 14-Mar-2024
Reference : Hindustan Times
Borivali businesswoman duped of ₹28 lakhs by loan frauds promising ₹4 crore loan for a business venture. Malad police book Chandrakant Gaikwad and Pradeep Mishra.
Posted On : 14-Mar-2024
Reference : ET Wealth
New REITs regulations: Here's a primer on how this much-needed transparency could benefit retail investors, as well as HNIs, looking to add the highest-graded commercial real estate to their portfolios using the Real Estate Investment Trusts route.
Posted On : 28-Feb-2024
Reference : ET Wealth
Tax saving via NPS investment: There are many income tax laws changes that have come into effect from April 1, 2023 for the current FY 2023-24. However, NPS investment is one that can help you save tax in both the old and new tax regimes. However, it is important to know the tax rules to save income tax via NPS investment.
Posted On : 28-Feb-2024
Reference : ET Wealth
Credit line in the form of an overdraft is preferred by many people as it gives them the flexibility to repay at their convenience and keep the interest cost low as they pay only on the outstanding amount. A new version of this loan is now being offered by many lenders which is called a dropline overdraft or a flexi loan. Before going for it you must know if it is better than a personal loan or conventional overdraft.
Posted On : 09-Feb-2024
Reference : ET Wealth
House rent: A landlord might be inclined to charge a higher rental for his/her furnished flat as tenants prefer to stay hassle-free and in a homely environment with all the amenities. Experts suggest that a landlord create two separate rent agreement-one for the house rent and another for the rent for furnishings- bed, geyser, mattress, etc.
Posted On : 09-Feb-2024
Reference : ET Wealth
The actual interest rate on loans in Key Fact Statement: When a borrower takes a loan from a bank or NBFC, apart from the interest rate, the lender levies other charges as well such as documentation charges, processing fees etc. Now the lender is required to inform all the charges levied on the loan upfront to the prospective buyer. This announcement was made by the RBI governor today while announcing the monetary policy decisions.
Posted On : 26-Dec-2023
Reference : The Economic Times
The Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the declarations by its employees in the annual I-T returns. What's underway is a line-wise reconciliation of the two sets of numbers under different heads - house rent allowance, medical insurance, outgo on home loans, tax saving investments under 80c etc.
Posted On : 21-Dec-2023
Reference : ET Wealth
To understand the rule of 72 formula, you need to divide 72 by the expected annual rate of return. For example, say you invest Rs 1 lakh every year in an investment that earns 8% interest annually. Now if you divide 72 by 8, you will get 9 which gives you the number of years it will take for your money to double. So, your investment will grow to Rs 2 lakh in nine years.
Posted On : 11-Nov-2023
Reference : ET Wealth
Buying gold on Dhanteras Day is something that many households in India hold very close to their heart. However, it is not only the auspicious nature of this activity which keeps people hooked to this tradition but it has also been a very well rewarded investment in the long run. Gold return over the long term has be quite attractive which adds reason to an emotional act. So should you invest now?
Posted On : 18-Oct-2023
Reference : Livemint.com
Multibagger stock today opened upside and went on to hit an intraday high of ₹87.10 apiece, which is just 4% away from lifetime high of ₹90.80 apiece levels.
Posted On : 18-Oct-2023
Reference : ET Wealth
20% TCS on overseas tour package: When you book, offline or online, overseas tour packages, offline or online, of more than Rs 7 lakh in a financial year, you have to pay TCS at 20% from October 1, 2023. Is there any way to reduce this additional upfront cost? Here are a few tips which will help you lower your TCS burden while travelling abroad. Read on to find out.
Posted On : 18-Oct-2023
Reference : ET Wealth
ET Wealth looks at smart ways to borrow and offers tips to those planning to take a loan. We also tell you about the tricks that lenders use to lure customers. Here are some things to keep in mind while borrowing money.
Posted On : 18-Oct-2023
Reference : Taxguru.in
Introduction: In a significant ruling, the Supreme Court of India has provided clarity on the treatment of capital gains and Section 54/54F exemptions in the case of Sanjeev Lal and others versus the Commissioner of Income Tax (CIT). This judgment addresses the critical issue of the agreement date’s relevance in capital gains taxation and its impact on Section 54/54F exemptions.
Posted On : 18-Oct-2023
Reference : The Economic Times
If an individual is liable to deduct TDS before making certain specified payments then it must be done at once. Otherwise, the consequences will be dire. Further after deducting and depositing the TDS, an individual must also file a TDS challan cum statement form too. Failure to do so might attract a penalty.
Posted On : 18-Oct-2023
Reference : ET Wealth
Wealth creation doesn't happen by chance but it needs a wealth-planned strategy. On this World Financial Planning Day, the importance of financial planning for wealth building needs to be emphasized. As the Indian economy grows from one milestone to another more and more people will need to take financial planning seriously to ensure their life goals are met without too much hassle.
