News and Updates

Keep yourself updated with the latest financial news and updates.

Posted On : 14-Aug-2024

Reference : Economic Times

INDEXATION BENEFIT MAY BE A REALITY AGAIN! LTCG TAX AMENDMENT PROPOSAL BRINGS JOY TO REAL ESTATE SECTOR

Real estate industry leaders welcomed the amendment proposed by Finance Minister Nirmala Sitharaman in the Finance Bill, which aims to provide significant relief on capital gains tax in property transactions. They believe this change will stimulate investment in the real estate sector and boost sales across all housing segments.

Posted On : 14-Aug-2024

Reference : Livemint.com

HOW A 10% SURCHARGE CAN SWALLOW UP TO 70% OF YOUR INCOME ABOVE ₹50 LAKH

Under the current system, the higher your income is above ₹50 lakh, the lower the effective rate of tax on your income above this threshold.

Posted On : 14-Aug-2024

Reference : Firstpost.com

GRANDFATHER'S HIDDEN 500 L&T SHARES MULTIPLY, TURN BENGALURU WOMAN INTO INSTANT CROREPATI, BUT...

In 2004, Priya Sharma’s grandfather invested in 500 shares of Larsen & Toubro. Forgotten amid estate complexities, these shares grew nine-fold due to stock splits and bonuses. By 2020, they were worth Rs 1.72 crore (over $200,000). Here’s how Priya reclaimed this fortune and became her into a millionaire.

Posted On : 14-Aug-2024

Reference : ET Wealth

NEW TAX RULES IN BUDGET 2024: HIKE IN STANDARD DEDUCTION, CAPITAL GAINS TAX, OTHER CHANGES — WHO GAINS, WHO LOSES?

From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax — Budget 2024 has changed a host of tax rules that will impact your investments. Investors are now grappling with the implications of these new rules. More tax burden or much-needed relief? Find out what investors feel about the changes proposed in Budget 2024.

Posted On : 18-Jul-2024

Reference : Hindustan Times

BMC DISCONNECTS ELECTRICITY, WATER OF KAILASH PRABHAT; 60 FAMILIES STAY PUT

On Monday the BMC landed up at the society between 12.45 pm and 1.30 pm and warned residents not to resist, saying that they would be arrested by the Vakola police if they did. (Satish Bate/ Hindustan Times)

Posted On : 18-Jul-2024

Reference : ET Wealth

GET ITR FILED WITHOUT SHARING PASSWORD: IT DEPT ALLOWS CA TO FILE ITR ON YOUR BEHALF WITHOUT E-FILING ITR LOG-IN CREDENTIALS

ITR filed by CA without password sharing: There is a way you can file ITR without sharing your e-filing ITR password with a chartered accountant (CA). This option is called e-Return Intermediaries (ERIs) and Cleartax, Tax2Win, EY, etc are all authorized as ERIs and thus can help you file ITR without sharing the e-filing portal password.

Posted On : 15-Jul-2024

Reference : Hindustan Times

Pune-based fractional ownership platform closes commercial land deal worth ₹10.40 crore in Ayodhya

Pune-based fractional ownership platform (FoP) RealX on July 13 announced that it had assisted investors close a 3,500 sq yard land deal in Ayodhya for ₹10.40 crore.

Posted On : 12-Jul-2024

Reference : Money Control

Loan Against Mutual Funds: Borrowers not eligible for higher loan amount when market rises during tenure - Mirae Asset Financial Services CEO

Loan Against Securities: In an exclusive interview with Moneycontrol, Krishna Kanhaiya, Director & CEO of Mirae Asset Financial Services discusses the growth of loans against mutual funds and shares and how it works.

Posted On : 11-Jul-2024

Reference : The Economic Times

Decoding mutual fund returns: Absolute, XIRR, CAGR, Rolling & more

So, the fund would have an annualized return of 20%. This means, on average, your investment increased by 20% each year over the 5 years. However, this measure assumes a consistent return each year, which may not reflect the actual fluctuations in your investment’s value over time.

Posted On : 10-Jul-2024

Reference : Business-standard.com

National-level builder-buyer agreements for realty to be a reality soon

Santosh Kumar, vice chairman of Anarock Group, said that while RERA in respective states has been actively resolving consumer grievances, buyers often struggle to get their homes as promised.

Posted On : 01-Jul-2024

Reference : Businesstoday.in

NOT MUMBAI, DELHI OR BENGALURU, THESE 17 CITIES ARE INDIA'S NEXT BIG REAL ESTATE HOTSPOTS

Colliers projects India's real estate sector to reach $1 trillion by 2030 and potentially $5 trillion by 2050.

Posted On : 01-Jul-2024

Reference : Economic Times

IS YOUR MEDICAL CLAIM STUCK? FIND OUT WHY YOU FACE PROBLEMS IN HEALTH INSURANCE CLAIM SETTLEMENT AND HOW TO AVOID THEM

While health insurers can sometimes be blamed for putting customers through unending hardship in clearing claims, many times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by asking the right questions during policy selection, carefully reviewing policy documents, and conducting thorough research. This article explores common health insurance claim rejection scenarios and explains how to avoid them.

Posted On : 23-Jun-2024

Reference : Hindustan Times

5 ORDERS PASSED BY MAHARERA TO SAFEGUARD HOMEBUYERS’ INTERESTS IN MAHARASHTRA

MahaRERA has issued at least half a dozen regulatory orders in order to safeguard the interests of homebuyers in Maharashtra.

Posted On : 23-Jun-2024

Reference : ET Wealth

NRI KYC FOR MUTUAL FUNDS: HOW NRIS CAN CONTINUE INVESTING IN MUTUAL FUND SCHEMES

NRI Mutual fund KYC rules: The new KYC rules from Sebi have come into effect from April 1, 2024. However, the new KYC rules made it difficult for NRI to invest in mutual fund schemes. A relaxation has been given by Sebi for NRI investors so that they can continue to invest in mutual fund schemes.

Posted On : 23-Jun-2024

Reference : ET Wealth

TYPES OF NPS ACCOUNTS: 4 DIFFERENCES BETWEEN NPS TIER 1 AND TIER 2 ACCOUNTS

The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.