Keep yourself updated with the latest financial news and updates.
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.
Posted On : 18-Oct-2023
Reference : The Economic Times
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.
Posted On : 18-Oct-2023
Reference : zeebiz.com
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.
Posted On : 18-Oct-2023
Reference : Livemint.com
Long-term capital gains on shares, mutual funds, gold will be exempt from tax if used to purchase a residential property.
Posted On : 22-Sep-2023
Reference : The Economic Times
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.
Posted On : 07-Aug-2023
Reference : ET Wealth
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.
Posted On : 15-Jul-2023
Reference : Mid Day
Amit Jain was instrumental in providing bank accounts to scammers; arrested from Gurgaon.
Posted On : 07-Jul-2023
Reference : Money Control
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.
Posted On : 07-Jul-2023
Reference : ET Wealth
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.
Posted On : 04-Jul-2023
Reference : Economic Times
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.
Posted On : 04-Jul-2023
Reference : ET Wealth
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.
Posted On : 28-Jun-2023
Reference : The Economic Times
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.
Posted On : 28-Jun-2023
Reference : ET Wealth
These funds may offer higher returns compared to small-cap funds but are also far more volatile.
Posted On : 12-Jun-2023
Reference : ET Wealth
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).
Posted On : 10-Jun-2023
Reference : Mid Day
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.
