News and Updates

How to avoid excess TDS on salary?

The tax on salary is deducted under section 192 of the Income-tax Act, 1961. It is important for an employee to submit certain documents to avoid excess TDS, especially before the deadline mentioned by your respective HR.

Do you qualify as an NRI, RNOR or an ordinary Indian resident?

Your residential status can change from one financial year to the next. So, if you are a non-resident for one year, for the next year and thereafter you must check your status again if you’ve travelled or changed homes etc.

Renting vs Buying a house: Pros and cons

Instead of simply following your parents' recommendations, examine the advantages and disadvantages of renting versus buying.

5 simple tips to reduce your AC bill this summer

Rajkummar Rao’s PAN card ‘misused’ in loan fraud, actor’s credit score drops

Rajkummar Rao took to Twitter to call the attention of Credit Information Bureau (India) Limited (CIBIL) officials. The actor claimed that his PAN Card was misused to take a small loan of Rs 2,500.

Would It Be Wise To Invest In A Home Early In Your Career?

Buying a home early in your life can be an achievement but it is also a step full of challenges and risks. Hence, weigh all the pros and cons before buying a house early in your career.

Gift deed or Will: What’s the best way to pass on your assets to a loved one?

For the bequest of their wealth (assets/ properties) to their chosen heirs, asset owners can opt for either a will or a gift deed.

Not linking PAN with Aadhaar will cost you Rs 500 in first 3 months, Rs 1,000 thereafter

The Central Board of Direct Taxes (CBDT) has notified the penalty amount under section 234H of the Income-tax Act, 1961 which will be applicable for linking PAN with Aadhaar after the expiry of the due date.

Property tax exemption won’t ease burden, say experts

Experts say, the state first needs to withdraw the arbitrary NA tax it has been imposing on residential outlets retrospectively since Dec

New income tax rule changes from 1 April 2022. Details here

There are many changes in the income tax rules effective from this financial year. Income tax on crypto assets, filing of updated returns, new tax rules on EPF interest, and tax relief on Covid-19 treatment are some of the major changes effective from 1 April 2022.

10 Personal Finance rules millennials should follow

Maharashtra realtors plan to stop construction as raw material price surge continues

Realty developers have also requested the Maharashtra Real Estate Regulatory Authority to extend the deadline for completion of ongoing projects by at least 6 months so that they get time to pause construction activity until prices rationalize.

Should you buy a property when a bank auctions it?

Bank of India is going to auction properties taken by some of its borrowers using loans from the bank. When borrowers are unable to repay the loans, banks sell the properties to recover their dues. Real-estate experts say that auctions can sometimes offer heavy discounts, which is not available anywhere else

Mumbai builder, kin held for reselling mortgaged flats to buyers

The family has been booked in similar cases by the Kandivli and Charkop police; no arrest made yet in the case.

They went for free medical check-up, and all they got was fake loan

Fraudsters organize free camps to harvest the personal data of hundreds of people, which they later use to secure loans running into lakhs.