News and Updates

Keep yourself updated with the latest financial news and updates.

Posted On : 18-Oct-2023

Reference : The Economic Times

POLICYHOLDERS ARE INCREASINGLY TAKING INSURANCE COMPANIES TO CONSUMER COURT; COMPRISE 27% OF CASES IN 2022

Many policyholders are taking insurance companies to the consumer courts whenever their claim is rejected. Out of 5.78 lakh pending cases in consumer courts, more than 1.61 lakh are related to the insurance sector in 2022. This makes up 27% of the cases pending in consumer courts. The Department of Consumer Affairs suggested insurance companies implement certain measures to protect consumers' interests.

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Posted On : 18-Oct-2023

Reference : zeebiz.com

NON-TAXABLE INCOME: 5 DIFFERENT TYPES OF NON-TAXABLE INCOME THAT CAN HELP YOU TO SAVE INCOME TAX

Any income that is exempted from income tax is called non-taxable income. These earnings are completely excluded from the calculation of an individual’s total tax liability in a financial year.

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Posted On : 18-Oct-2023

Reference : Livemint.com

HOW BUYING A NEW HOME CAN SAVE YOU CAPITAL GAINS TAX ON SHARES, MUTUAL FUNDS

Long-term capital gains on shares, mutual funds, gold will be exempt from tax if used to purchase a residential property.

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Posted On : 22-Sep-2023

Reference : The Economic Times

BANKS MUST RELEASE PROPERTY DOCUMENTS WITHIN 30 DAYS OR PAY RS 5000 PER DAY COMPENSATION: RBI

The Reserve Bank of India (RBI) has directed lenders to release property documents upon repayment of a personal loan within 30 days. Failing to do so will require lenders to compensate the borrower at Rs 5,000 per day.

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Posted On : 07-Aug-2023

Reference : ET Wealth

KNOW YOUR RIGHTS: HOW MEN CAN PROTECT THEIR FINANCES WHILE GOING THROUGH A DIVORCE

We have addressed the concerns of men heading for a legal separation. ET Wealth has listed the costs they may have to bear in a divorce, the manner in which courts decide maintenance and child support, as well as the legal fee they might have to pay. More importantly, we tell them about the precautions they can take when they know that separation is imminent.

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Posted On : 15-Jul-2023

Reference : Mid Day

LIKE-AND-EARN SCAM: CA HELD FOR USING CLIENT DOCS TO OPEN FAKE ACCOUNT

Amit Jain was instrumental in providing bank accounts to scammers; arrested from Gurgaon.

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Posted On : 07-Jul-2023

Reference : Money Control

UNDERSTANDING THE TAX IMPLICATIONS ON SALE OF PROPERTY

When calculating capital gains on the sale of immovable property, one crucial factor to consider is the cost of acquisition, which includes expenses of a capital nature incurred in connection with the purchase or completion of the property's title.

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Posted On : 07-Jul-2023

Reference : ET Wealth

HOW TO CALCULATE DEEMED RENTAL INCOME FROM VACANT HOUSE PROPERTIES

If someone has more than two house properties and the additional properties are vacant, then the provisions of deemed rental will apply to those additional vacant properties. Read on to find out how this deemed rent is calculated and what things you should know.

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Posted On : 04-Jul-2023

Reference : Economic Times

10% RETAIL BORROWERS MISSING THEIR MONTHLY PAYMENTS: RBI

An inflation print higher than the mandated band of 2-6% puts the household debt portfolio of many retail borrowers at risk, the central bank said.

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Posted On : 04-Jul-2023

Reference : ET Wealth

HOW IS INCOME FROM SELF-OCCUPIED HOUSE PROPERTY CALCULATED?

According to the Income Tax Act, 1961 a homeowner can show in his/her income tax return (ITR) up to two houses as self-occupied. Read below to find out how is income from self-occupied house properties calculated.

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Posted On : 28-Jun-2023

Reference : The Economic Times

BEST SHORT DURATION MUTUAL FUNDS TO INVEST IN 2023

Mutual fund advisors have been asking investors to park their money in short term funds. The RBI paused rate hikes, but still, there is no visibility on the future course of interest rates.

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Posted On : 28-Jun-2023

Reference : ET Wealth

WHY YOU SHOULD AVOID INVESTING IN MICRO CAP MUTUAL FUND SCHEMES

These funds may offer higher returns compared to small-cap funds but are also far more volatile.

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Posted On : 12-Jun-2023

Reference : ET Wealth

WILL YOUR ‘GIFT’ BE TAXED?

Monetary gifts or property received under a will or by way of inheritance is not taxable. This will also hold in case someone bequeaths such a gift in contemplation of death (who is terminally ill and expects to die shortly from illness).

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Posted On : 10-Jun-2023

Reference : Mid Day

MUMBAI: TAC QUASHES HOPES OF 130 MEMBERS OF MALAD SOCIETY

In a major setback to 130 members of the Ujjwal Nandadeep CHS in Malad, the technical advisory committee (TAC) has declared that all 13 wings of the society are in the C1 category (dilapidated/not fit for occupancy). While those favouring the redevelopment have welcomed the move, members opposing the C1 notice have now decided to challenge the TAC decision in the high court.

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Posted On : 06-Jun-2023

Reference : ET Wealth

IS REAL ESTATE A HIGH OR LOW RISK INVESTMENT?

Many people invest in equities and debt products on the basis of their risk-taking ability. Also, those who buy a house (constructed or fully constructed house) are not sure if their real estate investment must be considered a high-risk or low-risk investment. Here is how you can know about it.

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