News and Updates

Keep yourself updated with the latest financial news and updates.

Posted On : 14-May-2022

Reference : Money Control

Own a property in a cooperative housing society? Here is why nomination is important

By virtue of being a nominee in the records of a Society, the complete title to the shares and property of the deceased member does not automatically vest in or transfer in favour of such a nominee. The nominee is supposed to merely hold such shares and property for the benefit of the actual legal heirs of the deceased member.

 

Posted On : 14-May-2022

Reference : The Economic Times

Consumer durables to see 3-5 pc price hikes as costlier imports amid rupee fall add to input costs

According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the fall of the Indian rupee against the dollar is creating more problems for the industry.

Posted On : 14-May-2022

Reference : Indiatoday.in

What happens to your money when Rupee falls?

What happens to your money when Rupee falls? Who decides its value? And why is it measured against the US Dollar? Let’s unpack currency depreciation that affects all of us

 

Posted On : 14-May-2022

Reference : The Indian Express

Mumbai: Man refusing to vacate flat for redevelopment to pay Rs 5 lakh to housing society

Maintaining that a single person cannot take the housing society to ransom, the HC directed the member to vacate the flat within two weeks, failing which, the court receiver would take forcible possession of the house to handover it to the developer or the society.

 

Posted On : 07-May-2022

Reference : The Free Press Journal

Will expenses made for buying a house become eligible for capital gains exemption?

Section 54 stipulates that a new house property purchased within 2 years or a new flat constructed within 3 years will be eligible to claim exemption u/s 54 of the Act.

 

Posted On : 07-May-2022

Reference : Money Control

Property papers lost, damaged, destroyed? Get a ‘Certified or True Copy’

Property registration papers are essential documents that establish your ownership. Here’s what you should do if you lose them.

 

Posted On : 07-May-2022

Reference : The Economic Times

Interest Equalisation Scheme: How to apply for loans from banks at concessional rates.

Liquidity crunch is a common problem for many manufacturing firms. The government’s Interest Equalisation Scheme is aimed at addressing this to some extent.

Posted On : 07-May-2022

Reference : The Economic Times

Can curated portfolios like "Smallcase" offer better returns than mutual funds?

Can baskets of stocks based on various themes, strategies and allocation processes beat mutual funds and give you better returns?

Posted On : 01-May-2022

Reference : Mid Day

‘Flat buyers can opt out, claim refund if builder fails to provide amenities'

In a landmark judgment, the MahaRERA court held in case of misrepresentation by the developer in the sales brochures, advertisement buyers can claim a full refund, with interest.

 

Posted On : 01-May-2022

Reference : ET Wealth

How to make contributions into NPS account

NPS offers tax benefits up to Rs 1.5 lakh under section 80CCD(1) and up to Rs 50,000 under section 80CC(IB) (over and above 80C benefit). NPS contributions can be made in the following ways.

 

Posted On : 01-May-2022

Reference : Livemint

How credit cardholders will benefit from new RBI rules

The issue of unsolicited cards/upgradation is strictly prohibited.

Posted On : 01-May-2022

Reference : The Economic Times

Buying or selling property in India? Know all about the tax implications

NRIs selling house properties in India have to pay tax on the Capital Gains. The tax payable on the gains depends on whether it’s a short-term or a long-term capital gain.

Posted On : 22-Apr-2022

Reference : Livemint

RBI issues new guidelines for credit, debit cards. Key highlights

These fresh guidelines will come into effect from July 1, 2022.

Posted On : 20-Apr-2022

Reference : ET Wealth

Using your credit, debit card for these international transactions is prohibited

If you are a credit card or a debit card holder, then it is important to know that certain international transactions are prohibited by the Reserve Bank of India. If an individual undertakes these prohibited transactions then a penalty can be imposed...

Posted On : 15-Apr-2022

Reference : Money Control

Mumbai: Now, no NOC needed from housing society to sell or rent flats in city

This would enable the owners to conduct his/her rental/sale transactions without hassles or delays and prevent harassment by the society committees to green signal such proposals.