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Income Tax Returns: Exemptions and deductions that are still allowed under new tax regime
admin July 5, 2024 ArticleAs a taxpayer, you must be aware of the fact that the new tax regime is now the default regime. Therefore, one has to opt for the old tax regime in case they want to avail one or more tax deductions and exemptions. The last date to file income tax return for financial year 2023-24 […]
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(Reuters) – The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party looked set to win a massive majority in the UK general election. Sterling was last at $1.27575, little changed in early trading […]
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In today’s volatile financial landscape, investors are in a constant quest for higher yields without escalating risk. Traditional savings options, such as fixed deposits and government bonds, offer paltry returns, making it imperative to explore alternative investment avenues. Debt PMS has emerged as a promising solution, providing a customised approach to fixed-income investments. But what […]
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ITR filing: Know the income tax implications of unreported incomes here
admin July 4, 2024 ArticleSpecific incomes are generally not included while filing the ITR due to ignorance or oversight, not deliberately. This article deals with the incomes omitted that are to be included in the ITR. Saving Bank account and Fixed Deposit interest While filing the ITR, salaried people generally disclose their salary income only or provide form No. […]
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Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets
admin July 3, 2024 ArticleAs the Budget 2024 is around the corner, taxpayers are expecting some major overhaul in the capital gains tax. Thanks to the series of provisions that come into play while computing long term capital gains, investors and taxpayers are hoping for the revision in the legislation so that the confusion around capital gains tax, and […]
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EPF vs NPS: Making the right choice to maximise your retirement corpus
admin July 3, 2024 ArticleEmployee Provident Fund (EPF) and National Pension Scheme (NPS) are two essential retirement-savings tools for employees that help them build a tax-efficient corpus. If an employee plans smartly with either or both, he can retire with a handsome corpus. EFP vs NPS EPF is a scheme run by the Employee’s Provident Fund Organisation (EPFO) to […]
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Bajaj Allianz Life launches Nifty Alpha 50 Index Fund for ULIP customers; details here
admin July 2, 2024 ArticleBajaj Allianz Life introduced the Bajaj Allianz Life Nifty Alpha 50 Index Fund, which will be accessible to customers who currently own or plan to purchase unit-linked insurance products (ULIPs). For those unfamiliar, this is a market-linked index fund designed to replicate the performance of the Nifty Alpha 50 index. This index comprises 50 large-cap […]
72% of women making final decisions on their investments, survey reveals
admin July 2, 2024 ArticleA recent survey conducted by Axis Mutual Fund nationwide showed an increasing number of women assuming control of their financial futures. This shift is significant because historically, investment decisions were predominantly male-dominated. The survey’s findings indicate a rising trend towards greater financial independence among women. The survey also highlights that women prefer mutual funds, which […]
Axis Bank and Piramal Finance join forces for co-lending business; details here
admin July 1, 2024 ArticleAxis Bank and Piramal Finance have partnered to establish a co-lending business aimed at extending loans to underserved segments in India. This partnership aims to reach middle and low-income borrowers who lack access to traditional banking services, as well as to expand financial inclusion into rural and semi-urban areas beyond major cities. The newly established […]
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Retirement Planning: What plants should you grow in your savings orchard?
admin July 1, 2024 ArticleThe other day, I took my little one to play in a nearby garden. Kids being naturally curious, he bombarded me with questions about the trees, plants, flowers, and the variety of flora we encountered. As we wandered among the blooms, his questions sparked a chain of thought in my mind. Reflecting on his inquiries, […]