I am Wealthy at 23

Fantasy games other than cricket are also gaining support from a wide range of users from mint - Money https://ift.tt/3jTSRB8 https://ift.tt/eA8V8J

Commuted pension is exempt from tax

As per instructions issued for filing Form ITR-3 for FY 2020-21, the details of each property owned or co-owned by you during the year is required to be reported in Schedule HP under the head ‘house property’ from mint - Money https://ift.tt/3CwVIqR https://ift.tt/eA8V8J

How has gold fared when bought every year on Dhanteras?

Gold purchased on Dhanteras 10 years ago has yielded annualized return of 6.56% till now. This is higher than the annual rise of 5.6% in the cost inflation index (CII) in the past 10 years from mint - Money https://ift.tt/3mri1st https://ift.tt/eA8V8J

Diamonds are forever; bluechip stocks, not so much

Today’s bluechips are not tomorrow’s bluechips as large companies slip out of key indices and others take their place from mint - Money https://ift.tt/3bsh5xH https://ift.tt/eA8V8J

What a car loan costs you

Car loans are usually of three to five years but some lenders may offer loans for up to seven years too from mint - Money https://ift.tt/3CzuaB9 https://ift.tt/eA8V8J

Exit load is permissible on redemption of investments

Transmission can be viewed differently than redemption, as in the case of transmission it is the transfer of units or investments which is initiated due to a natural event from mint - Money https://ift.tt/3CA1yIi https://ift.tt/eA8V8J

Transactions of shares whether can be shown as business income?

You cannot claim STT paid against your capital gains from mint - Money https://ift.tt/3muw4gT https://ift.tt/eA8V8J

Does a trader enjoy separate income tax exemption limit?

Due date for filing of return is generally 31st July which has been extended till 31st December 2021 this year in case your accounts are not required to be audited from mint - Money https://ift.tt/3BA6tr3 https://ift.tt/eA8V8J

Making gift of HUF assets by a Karta

Under the Hindu Law there are certain restrictions on Karta’s right to make gift of HUF assets. from mint - Money https://ift.tt/3GGhSK2 https://ift.tt/eA8V8J

Gold jewellery received as gift, gold ETF, gold mutual fund: How they are taxed

Investments in gold saving funds as well as gold ETFs are treated on par with regular gold from mint - Money https://ift.tt/3pTmdDI https://ift.tt/eA8V8J

SBI: Pensioners can submit life certificates through video call. Here's how to do it

SBI: Pensioners can also submit their life certificates by visiting a bank, post office, availing of doorstep service, or at Jeevan Pramaan Portal from mint - Money https://ift.tt/3jPA5e0 https://ift.tt/eA8V8J

5 years of continuous service mandatory for tax free EPF withdrawal

Investment in Employee Provident Fund (EPF) enjoys the status of Exempt-Exempt-Exempt - Exempt on Investment, Exempt from Interest accrued thereon and Exempt on Maturity. Exemptions, however, are subject to conditions from mint - Money https://ift.tt/3ErFjEQ https://ift.tt/eA8V8J

Festival season home loan offers: Are they worth it?

Fixed Obligation to Income Ratio should not exceed 50% of take home income. Investment in real estate requires patience and has impact on liquidity. Also, home loan is a long-term commitment and it is thus crucial to assess medium term cash flow needs before deciding to buy a house from mint - Money https://ift.tt/3nGnlaW https://ift.tt/eA8V8J

Mutual Funds for SIP of 20 years

The idea is to have the right blend across market capitalisation which helps generate good returns. It is good to diversify investment across large, large & mid-cap and flexi-cap funds. At the same time, investment portfolio should be diversified from mint - Money https://ift.tt/315n8Gu https://ift.tt/eA8V8J

Embassy REIT Q2 operating income rises 30% at ₹624 crore

The firm said in a regulatory filing that it will distribute ₹537 crore to the unit holders. Embassy REIT informed that the company has declared a distribution of ₹536.50 crore, which is ₹5.66 per unit for the quarter ended September. from mint - Money https://ift.tt/3GynOEH https://ift.tt/eA8V8J

Yes Bank, BankBazaar launch credit card that allows creditworthiness tracking

The card, FinBooster, built around credit fitness tracker, will empower customers to keep track of their creditworthiness while also improving their score basis review of factors impacting their credit score through an intuitive CreditStrong app subscription from mint - Money https://ift.tt/3nGWjjK https://ift.tt/eA8V8J

Sovereign gold bond subscription ends today: Key things to know

Sovereign gold bonds have a tenure of eight years with an exit option after fifth year to be exercised on the next interest payment dates. from mint - Money https://ift.tt/2ZDE46J https://ift.tt/eA8V8J

EPF interest to be credited soon as govt gives nod: Report

After the Covid-19 outbreak in 2020, the EPFO had reduced PF interest rate in March 2020 to 8.5 per cent for FY 2019-20 — 7 years' low of EPF interest rate from mint - Money https://ift.tt/3EHz9AL https://ift.tt/eA8V8J

Compare your bank FD rates

Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures from mint - Money https://ift.tt/3Cuuhy0 https://ift.tt/eA8V8J

Health insurance policies can’t be renewed after grace period

A life insurance policy cannot be modified mid-term from mint - Money https://ift.tt/3blApg8 https://ift.tt/eA8V8J

Here’s all that you need to know about pursuing higher education in the UK

There are plenty of scholarships available for international students from mint - Money https://ift.tt/3EoFMYd https://ift.tt/eA8V8J

Three ways to boost your health insurance cover

Increase your existing sum insured: At the time of renewal, every insurer gives you the option of increasing your sum insured from mint - Money https://ift.tt/3pHhpkC https://ift.tt/eA8V8J

Is it the right time to refinance your home loan?

Now is a good time to refinance your home loan as interest rates may not go down further from mint - Money https://ift.tt/3Bq38er https://ift.tt/eA8V8J

Where should you reallocate funds if you intend to sell a part of your portfolio ahead of market correction?

If you speculate the market to correct marginally or significantly in the near future, you can keep a portion of the portfolio in cash. We explore what are the likely scenarios and the right course of action that ought to follow from mint - Money https://ift.tt/3muoRxD https://ift.tt/eA8V8J

PFRDA launches facility for online opening of APY subscription

If a person wants to open Atal Pension Yojana (APY) account, he/she can do so by verifying details with Aadhaar based e-KYC process online from mint - Money https://ift.tt/3GFQxHV https://ift.tt/eA8V8J

Covid has made creating emergency corpus top financial goal for Indians: survey

Every one in three respondents said financial health was their biggest stressor as covid-19 led to pay cuts and layoffs from mint - Money https://ift.tt/3EmaktN https://ift.tt/eA8V8J

OPD expenses are not usually covered under indemnity health insurance

However, some health insurance products are available in the market that also cover OPD expenses from mint - Money https://ift.tt/3Ep8Hvn https://ift.tt/eA8V8J

Diwali bonus: Where should you invest it? Confused over FD, gold, SGB and MFs?

Diwali bonus: Keep your temptation aside and consider investing your bonus to grow your wealth steadily from mint - Money https://ift.tt/3Ep8Ajr https://ift.tt/eA8V8J

Things to check before buying a deferred annuity plan

The scheme offers regular income after retirement, but there are caveats from mint - Money https://ift.tt/3nBFTZW https://ift.tt/eA8V8J

Mint50: Top mutual fund schemes to invest in

Match your investment horizon to the debt fund category you pick Pick 8-10 schemes and revisit them every year to keep your portfolio balanced and in tune with your goal from mint - Money https://ift.tt/3vOti9v https://ift.tt/eA8V8J

Hybrid and index funds can stabilize a portfolio

Move hybrid fund to a debt fund such as Kotak Savings Fund and move large-cap fund to an index fund from mint - Money https://ift.tt/31cqms5 https://ift.tt/eA8V8J

Key factors that investors must consider when going for ETFs

Since the start of the current financial year, fund houses have launched a total of 11 ETFs in the Indian market from mint - Money https://ift.tt/3jGac08 https://ift.tt/eA8V8J

Form 26AS to now include foreign remittance, off-market transaction details

This new reporting in Form 26AS will help both taxpayers as well as tax authorities in assessing a taxpayer's profile and bring better flow of information between taxpayer and the tax authorities from mint - Money https://ift.tt/2ZkVlkB https://ift.tt/eA8V8J

Does it make sense to invest in ETFs?

As much as 86.2% of Indian equity large-cap funds, 57.1% of mid- or small-cap and 53.7% of the ELSS) funds underperformed their respective benchmarks for the one-year period ended June 2021 from mint - Money https://ift.tt/3pGuBWJ https://ift.tt/eA8V8J

Should you invest in NPS just for the tax benefits?

National Pension Scheme: Apart from tax savings, NPS helps investors save lump-sum amounts for their retirement from mint - Money https://ift.tt/3bh97r4 https://ift.tt/eA8V8J

Lesser-known tax deductions you can claim while filing ITR

Section 80D allows deduction up to ₹50,000 on medical expenses from mint - Money https://ift.tt/3CkhyOe https://ift.tt/eA8V8J

A Will can help in ensuring a smooth transition of assets

Executing a Will has several advantages and can greatly help in ensuring the smooth transition of assets to the next generation from mint - Money https://ift.tt/3CkhvSy https://ift.tt/eA8V8J

Financial literacy is important for wealth creation

Average returns ensure that the investor actually wins with negligible risks of a loss from mint - Money https://ift.tt/3pEV7jf https://ift.tt/eA8V8J

How much tax do you pay on equity investments?

Given that different equity assets have different tax rules, an investor must take a careful look at the suitability of an investment in terms of taxes too from mint - Money https://ift.tt/3jFrpqx https://ift.tt/eA8V8J

Starting your career with a student loan to pay back

Without a proper plan in place, taking on debt at an early age can have a long-term impact on wealth creation from mint - Money https://ift.tt/3BjQrl0 https://ift.tt/eA8V8J

Planning a vacation? Here is how you should manage your money

It is very important to ensure that you have a planned budget for the trip.From flight tickets to hotel booking, you can get great deals and save a lot of money if you plan your trip ahead. from mint - Money https://ift.tt/3pEiNnX https://ift.tt/eA8V8J

Switching to new tax regime? You can still claim deduction on home loan interest

The tax rules still allows deduction on interest paid towards loan on a rented property under section 24(b) from mint - Money https://ift.tt/3nMxSl5 https://ift.tt/eA8V8J

Capital gains on shares bought in foreign currency don’t get indexation benefit

If shares are purchased in Indian currency, then there is no requirement of conversion/ reconversion of capital gain in foreign currency from mint - Money https://ift.tt/3pSIa5R https://ift.tt/eA8V8J

94% of the affluent in India have set new life goals post pandemic: Survey

 As per the Wealth Expectancy Report 2021, covid-19 has prompted the affluent in India to become more future-focused, when resetting their priorities from mint - Money https://ift.tt/3jDWo6y https://ift.tt/eA8V8J

Dearness Allowance (DA) hike for central govt employees effective from July 1

In July this year, and DA rate was increased from 17% to 28%. With a 3 percentage points hike now, the DA rate will become 31% from mint - Money https://ift.tt/3CfLYkB https://ift.tt/eA8V8J

Pensioners alert! Pension to stop if you don't do this. Check details here

Pensioners in the age group of 80 years and above are allowed to submit an Annual Life Certificate from October 1 from mint - Money https://ift.tt/3jEPfCO https://ift.tt/eA8V8J

The irrational exuberance in crypto markets

Irrational exuberance drives investors to massively overestimate asset values from mint - Money https://ift.tt/3Gp666G https://ift.tt/eA8V8J

Is it a good decision to add a co-applicant to your home loan?

Improves loan eligibility: Lenders consider several factors while evaluating home loan applications, chief among them being income, credit score, credit profile and equated monthly instalment (EMI) affordability from mint - Money https://ift.tt/3mcunEM https://ift.tt/eA8V8J

External income of RNORs is not taxable

To find out whether your income shall be taxed in India, you need to establish your residential status as per the Income Tax Act of India for the relevant financial year from mint - Money https://ift.tt/2ZgLuwa https://ift.tt/eA8V8J

Is it time to take a relook at gold funds?

Holdings in Indian gold ETFs hit their highest level since Sep 2013, according to a World Gold Council report from mint - Money https://ift.tt/3pw8z9g https://ift.tt/eA8V8J

Returns on my investments

A person’s portfolio holds different types of assets based on her financial goals, and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products from mint - Money https://ift.tt/3pw8vX4 https://ift.tt/eA8V8J

Annuity options you can consider before planning your retirement

An annuity is a financial investment for retirement that helps pay you a fixed and regular income throughout from mint - Money https://ift.tt/3CdCSou https://ift.tt/eA8V8J

Do the math before you buy a health policy

You can use online calculators as they are available for free and easy to use from mint - Money https://ift.tt/3b7GLzG https://ift.tt/eA8V8J

A step-by-step guide to file ITR on the new tax portal

ITR can be filed on the new income tax portal using a JSON-based offline utility from mint - Money https://ift.tt/3Ghsn6d https://ift.tt/eA8V8J

Looking for ways to save tax? Read the fine print

There are certain provisions you need to take into account for tax planning from mint - Money https://ift.tt/30YyV9F https://ift.tt/eA8V8J

Best home loan rates

Here’s a look at the lowest home loan interest rates of some leading banksHere’s a look at the lowest home loan interest rates of some leading banks from mint - Money https://ift.tt/3pxQKqd https://ift.tt/eA8V8J

Explainer - Income tax rules for NRIs who invest in stocks, mutual funds in India

The dividend income as well as the capital gains earned by your son from shares listed in India and equity oriented schemes of mutual funds are subject to tax in India from mint - Money https://ift.tt/30MgzbK https://ift.tt/eA8V8J

I have sold a plot. Can I file income tax return inder ITR 1?

Even if you owned a residential house jointly with others the same has to be treated as ownership of one house for the purpose of section 54F from mint - Money https://ift.tt/3Gg8Ymg https://ift.tt/eA8V8J

How to get same day's NAV in mutual funds

If you want to invest in the last half an hour before the cut-off time of 3 pm, then you may try to invest through websites of the AMCs directly, this may help you get the allotment based on that day’s NAV from mint - Money https://ift.tt/3m8sOI3 https://ift.tt/eA8V8J

Deduction for interest paid on money borrowed from friends and relatives

As per the latest provisions of the law, you are not allowed to attach any document with your returns of income in respect of any of your claim for deductions or exemptions including for the interest claim from mint - Money https://ift.tt/2ZqqOST https://ift.tt/eA8V8J

Is there really any limit upto which one can own gold?

Gold jewellery can be either self-acquired or you might have received the same through gifts or inheritance from mint - Money https://ift.tt/3m7TuIQ https://ift.tt/eA8V8J

How to invest in mutual funds

You can use online SIP calculators to find out the monthly contributions required to achieve those short-term financial goals, assuming an annualized return of 5% per annum from mint - Money https://ift.tt/3b5OX3k https://ift.tt/eA8V8J

Changing your maiden name? Here is what you should do about your investments

When they change the name, they should once and for all change everywhere by giving their marriage certificate so that this does not impact investments from mint - Money https://ift.tt/3vCV9Ju https://ift.tt/eA8V8J

EPFO: 4 ways to check PF balance online. Details here

EPFO members can check their PF balance online in four ways — by logging in at Umang App, using EPFO portal, by sending SMS to 7738299899 or by giving a missed call 011-22901406 from mint - Money https://ift.tt/3E9xtja https://ift.tt/eA8V8J

Why your adviser might start talking up bitcoin

The advent of bitcoin-related ETFs makes it easier for financial professionals to help you add crypto to your portfolio. It also lets them earn fees on it from mint - Money https://ift.tt/3GhklKo https://ift.tt/eA8V8J

Reinventing yourself in retirement sounds great. But it isn’t so easy

The trick is to take your time, expect plenty of wrong turns—and be prepared to look foolish from mint - Money https://ift.tt/3vAwhC4 https://ift.tt/eA8V8J

CBIC reminds deadline for filing GST return. Details here

Central Board of Indirect Taxes and Customs (CBIC) has asked to furnish 'Form ITC-04' for July to September 2021 quarter by 25th October 2021 from mint - Money https://ift.tt/3b84y28 https://ift.tt/eA8V8J

Should I exit HDFC Balanced Advantage Fund?

If your investment horizon continues to be long term even after holding it for three years and at the same time you want to take limited risk then you may continue to hold on with your investment in HDFC Balanced Advantage Fund from mint - Money https://ift.tt/3GgsOO0 https://ift.tt/eA8V8J

PPF calculator: How to accumulate ₹1 crore in public provident fund account

PPF calculator: To accumulate ₹1 crore in one's PPF account, the account holder needs to exhaust one's ₹1.50 lakh limit in one financial year from mint - Money https://ift.tt/3ptVj55 https://ift.tt/eA8V8J

Availed educational loan? These are 3 things to consider

The student should ensure that the moment the education is over he/she starts repaying the loan.Students should be encouraged to take odd jobs to make repayments during the moratorium period, at least the interest amount from mint - Money https://ift.tt/3nlGUoG https://ift.tt/eA8V8J

A student loan needs an earning co-applicant as well as collateral

If the shares of one company forms a substantial part of your portfolio, then you should surely consider disinvesting the same partially if not completely from mint - Money https://ift.tt/3B0IQYx https://ift.tt/eA8V8J

An exhaustive guide for Indian students who want to study in Canada

The tuition fee for a large share of masters courses is usually around ₹10-15 lakh from mint - Money https://ift.tt/3C4Zo30 https://ift.tt/eA8V8J

Got a Diwali bonus? Here’s how to put it to good use

Financial experts suggest that any windfall, no matter how small or big, should be used to repay debt from mint - Money https://ift.tt/3C4ZlUS https://ift.tt/eA8V8J

Would you trust a robot with your finances?

Robo-advisers, which are automated wealth managers, are at a very nascent stage in India from mint - Money https://ift.tt/3B4jdGv https://ift.tt/eA8V8J

How much a house costs in Kolkata

Our compilation of property prices of prominent localities in major cities and surrounding areas across India may help you compare and make an informed decision from mint - Money https://ift.tt/2ZlyJka https://ift.tt/eA8V8J

Freelanced along with a job? You can still claim ₹50,000 standard deduction

Freelancers cannot claim the standard deduction of ₹50,000 available to a salaried individual. However, if you have worked a full-time job, you can claim the standard deduction for the salary income from mint - Money https://ift.tt/3Ga2K7m https://ift.tt/eA8V8J

Investors can expect superior returns from our pension fund: MD&CEO Max Life

Prashant Tripathy said that as with other pension fund managers, investors will have the flexibility of fund allocation and rearrangement as per their risk appetite with Max Life Insurance's PFM subsidiary from mint - Money https://ift.tt/3m14esz https://ift.tt/eA8V8J

Assets of passive funds to grow 8 times by 2025 to reach ₹25 trillion: Report

At the end of March, the size of the Indian mutual fund industry was ₹32.17 trillion, of which about 10% of assets were in passively managed products from mint - Money https://ift.tt/3lYs34e https://ift.tt/eA8V8J

Dearness Allowance (DA) hiked for central govt employees, pensioners ahead of Diwali

Earlier this year, the government had decided to hike the DA for central government employees by 11% from 17% to 28% from mint - Money https://ift.tt/3C1VWWF https://ift.tt/eA8V8J

Health insurance: Documents required for filing claim at a non-network hospital

Many insurers accept electronic submission of documents that help faster processing of claims. You are advised to check with your insurers on this from mint - Money https://ift.tt/3nd7Bf9 https://ift.tt/eA8V8J

SBI YONO: Filing ITR? Follow these steps to avail benefits

‘Avail 80D Deduction without paying Health Insurance premium for your parents. Simply log in to YONO & file your ITR with Tax2win for free,’ SBI said in a tweet from mint - Money https://ift.tt/3m0nWoh https://ift.tt/eA8V8J

After SBI, this bank gives EMI facility on debit card purchase

EMI facility on debit card purchase: This will help its customers to convert their high-value transactions into easy instalments from mint - Money https://ift.tt/3aULQez https://ift.tt/eA8V8J

Budgeting apps to help manage your finances better

We often tend to overspend, which leaves us with less money for savings from mint - Money https://ift.tt/3pmu2BA https://ift.tt/eA8V8J

If you have a high-risk portfolio, prepare mentally for volatile market movements

At the end of the day, it would be good to have an allocation that is 30% in debt instruments (post office, PPF and 25% of NPS allocation), 10% in alternative assets and the remaining in domestic equity linked instruments from mint - Money https://ift.tt/3BZAGAY https://ift.tt/eA8V8J

3 things to do to avoid overspending during festival season

Make your gift lists and budget. A simple math will tell you how much you can spend.Keep a buffer of 20% in your budget so that even if you over spend it doesn't impact other goals from mint - Money https://ift.tt/3aRWkv4 https://ift.tt/eA8V8J

Aditya Birla Sun Life MF launches Nifty IT ETF; all you need to know

The minimum application amount for this fund is ₹500 and in the multiples of ₹100, thereafter, during the NFO period from mint - Money https://ift.tt/3aWqfSM https://ift.tt/eA8V8J

EPFO: Top 5 features of EDLI scheme that PF account holder should know

EPFO-EDLI scheme: A Provident Fund (PF) account holder is eligible for assured life insurance benefit up to ₹7 lakh without paying any premium from mint - Money https://ift.tt/3BYwQIx https://ift.tt/eA8V8J

Strategically repay your EMIs, loans to save money during the festive season

Experts suggest that the effective management of EMIs is integral to financial independence in the long run from mint - Money https://ift.tt/3n3g2tm https://ift.tt/eA8V8J

Big investment option! SBI and BoB properties open for e-auction. Time to bid?

State Bank of India (SBI), Bank of Baroda (BoB) are doing an e-auction of properties. from mint - Money https://ift.tt/3BXDui7 https://ift.tt/eA8V8J

Trying to time the markets is not advisable

To get the most out of your investments, you must fully embrace market ups and downs from mint - Money https://ift.tt/3GcbQk2 https://ift.tt/eA8V8J

Inflation a key factor in driving short-term gold demand: WGC

Econometric analysis shows rising income is the most powerful driver of gold demand in the long term from mint - Money https://ift.tt/3lUgESL https://ift.tt/eA8V8J

Get sibling’s written consent before any transfer of property

A Will is required to ascertain if the concerned property is self-acquired property or inherited from mint - Money https://ift.tt/3lVGiH1 https://ift.tt/eA8V8J

Investing in real estate may not be a great idea if you are young

Many young professionals err in committing to an inflexible investment for the long term early in their career from mint - Money https://ift.tt/3lXSKWs https://ift.tt/eA8V8J

Tax on your gold and real estate investments

Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes from mint - Money https://ift.tt/3vto6rt https://ift.tt/eA8V8J

Indians may buy more gold next year. Here's why

India's gold demand may be more subdued than expected this year amid declining household savings rate and agricultural wages, the World Gold Council (WGC) said in a report from mint - Money https://ift.tt/3n7RVKd https://ift.tt/eA8V8J

What should be the PPF rate according to RBI

As per the central bank's calculation, interest rate on the PPF scheme should have been 6.63% for the current October-December quarter instead of 7.10% that is being offered now from mint - Money https://ift.tt/3DUEc01 https://ift.tt/eA8V8J

Purchasing with no-cost EMI this festival season? 3 crucial things to know

The only benefit such schemes give is that you can purchase a high-value item by paying in installments if you don't have the full amount spare with you from mint - Money https://ift.tt/3aR7GiV https://ift.tt/eA8V8J

Should you go for India’s first Nifty ETF based on equal weight strategy

The new fund offer for DSP Nifty 50 Equal Weight ETF was launched on 18 October and will remain open for subscription till 29 October from mint - Money https://ift.tt/3vo8x40 https://ift.tt/eA8V8J

Indian life insurance premium to see about 15% CAGR till FY31: Report

The growth foreseen could lead to about 4x increase in total life insurance premiums to ₹24 lakh crore by FY31 from mint - Money https://ift.tt/2Z1CKtE https://ift.tt/eA8V8J

How post office savings account holders can use newly launched IVR facility

Post office account holders can use the new IVR service to perform a variety of services on their account from mint - Money https://ift.tt/2Xoacdm https://ift.tt/eA8V8J

‘Role of distributors is critical in handling investor emotions’

Each family requires somebody to service them not just on the paper filling part but also the emotional part and knowledge part, Dhruv Mehta, chairman, Foundation of Independent Financial Advisors from mint - Money https://ift.tt/3AZmcju https://ift.tt/eA8V8J

For NRIs, dividend income is taxed at 20%

Under the Double Taxation Avoidance Agreement (DTAA) between India and the relevant host country, dividend may be taxable at a special rate of tax from mint - Money https://ift.tt/30Dqqkd https://ift.tt/eA8V8J

Here’s how you can become rich by doing nothing

Data suggests that over 50% HNIs are unable to remain invested for even two years from mint - Money https://ift.tt/3mYJiBG https://ift.tt/eA8V8J

Will your global portfolio survive a taper tantrum?

The tapering exercise is expected to affect emerging market stocks more than the developed market equities from mint - Money https://ift.tt/3G0ArrZ https://ift.tt/eA8V8J

Returns on my investments

3 things you should keep in mind while investing in REITs

A realistic ROI expectation would be in the range of 7-8% annually, post adjustment of the fund management fee. from mint - Money https://ift.tt/3jencdo https://ift.tt/eA8V8J

Interest on Kisan Vikas Patra is taxed on accrual basis

The IT Act provides for taxation of income from other sources,  like interest, either on cash or accrual basis at the option of the taxpayer from mint - Money https://ift.tt/2YWZviY https://ift.tt/eA8V8J

Tata AIG announces launch of RPAS insurance and distribution tie-up with TropoGo

Tropogo has established an integrated marketplace, providing a one-stop shop for the complete drone ecosystem from mint - Money https://ift.tt/3DN3EEP https://ift.tt/eA8V8J

Planning to buy a house? Lots of properties on offer during Bank of Baroda (BoB) mega e-auction

During the mega e-auction of properties to be kicked off by Bank of Baroda, prospective buyers and customers can fulfil their dream of buying property across India from mint - Money https://ift.tt/3vnikaP https://ift.tt/eA8V8J

What a personal loan costs you

Here are some personal loan rates and other costs of the top private and public sector banks in India from mint - Money https://ift.tt/3BTbzj8 https://ift.tt/eA8V8J

Reit, the bite-size option on your real estate menu

Reits own, operate and manage a portfolio of income-generating assets that offer regular returns to investors from mint - Money https://ift.tt/3DVr8Yx https://ift.tt/eA8V8J

Know about taxes before exchanging gifts this festive season

You need to pay taxes on gifts if the aggregate value of all gifts received during a year exceeds ₹50,000 from mint - Money https://ift.tt/3voHzJQ https://ift.tt/eA8V8J

A winning stock can save your entire portfolio

Winning stocks are capable of overpowering the negative returns of the losing ones from mint - Money https://ift.tt/3pcX5Hl https://ift.tt/eA8V8J

Calculate LTCG/L of an old asset using FMV

LTCG/L is calculated as the difference between net sale consideration (actual sale consideration less brokerage and incidental selling expenses) and the indexed cost of acquisition and improvement from mint - Money https://ift.tt/30qXTy4 https://ift.tt/eA8V8J

Gold ETFs inflow rises in September. Experts see more rise on festival demand

As per the data available with Association of Mutual Funds in India (Amfi), Gold ETF inflow had gone up in the month of August 2021 as well from mint - Money https://ift.tt/30tU0IJ https://ift.tt/eA8V8J

These two banks offering up to 6.75% return on one year fixed deposits

FD interest rate: Both small finance banks are offering 6.25 per cent fixed deposit rates on one year bank FDs from mint - Money https://ift.tt/3BT8Xlm https://ift.tt/eA8V8J

Provident Fund (EPF) transfer: How to do it online

Now, an EPFO subscriber can transfer one's provident fund using online EPF transfer service in 6 simple steps from mint - Money https://ift.tt/3DRrnUu https://ift.tt/eA8V8J

Income tax timelines related to flat buy or sale for claiming benefits

Unless construction of the house is completed and you have obtained you will not be able to claim this tax benefits from mint - Money https://ift.tt/3AIR87m https://ift.tt/eA8V8J

Keeping money only in fixed deposits can be counterproductive

Mutual funds are one of the best ways to invest in asset classes such as equities and debt from mint - Money https://ift.tt/3j9sBT7 https://ift.tt/eA8V8J

PPF vs NPS: Which investment plan is better for creating retirement corpus?

PPF vs NPS: Both PPF and NPS are voluntary investment tools. However, when it comes to choosing either PPF or NPS, people get confused as to which would give them more return and income tax exemption from mint - Money https://ift.tt/3vm9kCt https://ift.tt/eA8V8J

Pension calculator: SIP you need to get ₹1 lakh monthly income post-retirement

Pension calculator: To achieve this ambitious target of ₹1 lakh monthly income post-retirement, one can look at creating a corpus of around ₹13 crore that can be invested in SWP, say experts from mint - Money https://ift.tt/3pbpehZ https://ift.tt/eA8V8J

SBI recurring deposit vs Post Office RD: Latest interest rate, other details

SBI vs post office RD: At the time of maturity, the invested amount is paid back to the user along with accumulated interest. from mint - Money https://ift.tt/3DMfdvL https://ift.tt/eA8V8J

PPF vs EPF: Interest rate, income tax rule, other details that you should know

PPF vs EPF vs VPF: An employer need not to contribute more than 12 per cent of the basic salary of an employee even when the employee has chosen VPF from mint - Money https://ift.tt/3aFXFoI https://ift.tt/eA8V8J

Income tax rules on exemption in respect of retirement benefits

Income Tax  rules: There is an exemption of Rs. 3 lakhs for leave encashment subject however to a maximum of leave equal to ten months from mint - Money https://ift.tt/3aJbBOO https://ift.tt/eA8V8J

What are ELSS and are FMP better than ELSS? Please suggest top three ELSS

Tax saver scheme and FMP are not comparable investment products from mint - Money https://ift.tt/3DNaLNy https://ift.tt/eA8V8J

What is the limit up to which a father can gift to his son under income tax laws

The relationship of father and son is covered under the definition of 'specified relatives' from mint - Money https://ift.tt/3lKF7tG https://ift.tt/eA8V8J

Income tax: Can I claim standard deduction on pension received by me?

For the pension which accrue to a person by virtue of his employment becomes taxable under the head ‘Salaries’ and entitles the recipient to claim standard deduction from mint - Money https://ift.tt/3BOY8kj https://ift.tt/eA8V8J

Long-term return expectations from equity should be realistic

At the time of planning your investment for any objectives, it is suggested to keep return expectations a bit conservative or realistic as equities may not be able to consistently give 15-20% return every year from mint - Money https://ift.tt/3vlhYS2 https://ift.tt/eA8V8J

SIP calculator: Monthly investment you need to make ₹5 crore in 15 years

Mutual fund calculator: Equity mutual funds investment for long-term helps an investor get around 12-14 per cent return on one's money, say tax and investment experts from mint - Money https://ift.tt/3FPCwa3 https://ift.tt/eA8V8J

Do not miss this step, avoid rejection of your tax refund

Take note that the IT department processes the refund only in a bank account that is linked to PAN. The bank account where you want the refund and your PAN must be pre-validated in the new income tax e-filing portal. If not, the refund, if any, will not get through from mint - Money https://ift.tt/2YYrhLO https://ift.tt/eA8V8J

Tax filing service providers do brisk biz amid glitches in I-T site

The Finance Act 2020 had introduced a new alternative regime with a lower tax rate without the benefit of tax deductions to individuals. from mint - Money https://ift.tt/30kqaGv https://ift.tt/eA8V8J

Thinking of redeeming investments during market highs? This is how much you may lose

Investors who took the opportunity to invest during the low has gained tremendous returns for redeeming the same when the market was high  from mint - Money https://ift.tt/3BMiSt8 https://ift.tt/eA8V8J

Compare your bank FD rates

Here is a list of banks that offer the highest FD rates for deposits up to Rs1 crore over various tenures from mint - Money https://ift.tt/3vh69fp https://ift.tt/eA8V8J

Here’s all you need to know about pursuing higher education in Australia

Students with academic merit can avail scholarships to  offset the hefty tuition fees from mint - Money https://ift.tt/2YWYVBF https://ift.tt/eA8V8J

Consider buying an additional term plan to increase coverage

Term plans are long-term contracts, where premium and coverage is fixed for the duration of the policy from mint - Money https://ift.tt/3AIO5fa https://ift.tt/eA8V8J

Cheap home loans aren't for everyone. Do you make the cut?

Before determining final rate of interest, lenders assess the borrowers’ repayment capacity from mint - Money https://ift.tt/3jmEgy3 https://ift.tt/eA8V8J

With new I-T portal ‘stabilising’, taxpayers urged to file ITRs at the earliest

Over 2 crore income tax returns for the financial year 2020-21 have been filed so far, said the IT department from mint - Money https://ift.tt/2YHqvlT https://ift.tt/eA8V8J

PF account turns inactive and does not earn interest after employee retires

It is advisable that you withdraw the accumulated PF amount at the earliest as per the prescribed time limit post-retirement from mint - Money https://ift.tt/3BKCjCo https://ift.tt/eA8V8J

EPFO members can submit EPF, EPS nomination digitally. Here is how

EPFO members should file e-nomination today to provide Social Security to their families from mint - Money https://ift.tt/3lGFkyi https://ift.tt/eA8V8J

SBI fixed deposit (FD) scheme for senior citizens with higher interest rates

SBI 'WECARE' Senior Citizens' Term Deposit offer senior citizens an additional interest of 30 bps over and above the existing 50 bps  from mint - Money https://ift.tt/3v84AR3 https://ift.tt/eA8V8J

SBI mega e-auction for properties across India: Here's how you can apply

SBI mega e-auction for properties: The lender puts up the mortgage properties of defaulters to recover the bank dues. from mint - Money https://ift.tt/2YREyFY https://ift.tt/eA8V8J

‘Even the Chinese government does not want another Lehman type of situation’

It is very difficult to guess how fast or how slow the rate hikes are going to be. But for sure, the rate hikes are coming, says Jinesh Gopani, head of equity, Axis MF from mint - Money https://ift.tt/3AErcd9 https://ift.tt/eA8V8J

Set your finances in order before welcoming your baby home

The financial implications of childbirth should be carefully calibrated from mint - Money https://ift.tt/2YPXpkI https://ift.tt/eA8V8J

How to setup UPI autopay for your recurring payments

As per NPCI, some of the banks, merchants, and aggregators who are live with UPI AUTOPAY are Axis Bank, HDFC Bank, ICICI Bank, IDFC Bank, Paytm Payments Bank, State Bank of India, YES BANK, IIFL Securities, Helpage India, CRY, Bajaj Finserve, Netflix and Disney+ Hotstar from mint - Money https://ift.tt/3ay6KzP https://ift.tt/eA8V8J

Salman Khan to launch his NFTs as Blockchain craze grips Bollywood

After Amitabh Bachchan’s foray into NFTs a month ago, Salman Khan & brothers too announced to join the blockchain bandwagon from mint - Money https://ift.tt/3mNYX6D https://ift.tt/eA8V8J

Vested Finance ties up with SBM Bank for forex transfers

Clients transferring money to their US brokerage account will not face a fixed charge. They will only face a forex mark-up of 1.2%. Second, if the transfer is done by 3 pm, the money will be credited into the account the same night from mint - Money https://ift.tt/3v5U4d5 https://ift.tt/eA8V8J

Doorstep life certificate submission for pensioners: What you need to know

Pensioners aged 80 years or above can submit life certificates between October 1 and November 30  from mint - Money https://ift.tt/3DQw3Kj https://ift.tt/eA8V8J

Gold, digital gold, ETF gold or gold bond? What to buy this festive season

People buy and invest in gold irrespective of age and income. Apart from religious and cultural significance, the yellow metal is considered to be a good investment option from mint - Money https://ift.tt/3atzAl0 https://ift.tt/eA8V8J

A family settlement agreement offers a hassle-free solution

Registering the executed Wills with the registrar may be useful from mint - Money https://ift.tt/3aysDzc https://ift.tt/eA8V8J

The real returns from your fixed deposit may surprise you

Low interest rates combined with high inflation have turned the actual of return on FDs negative or very low from mint - Money https://ift.tt/3DwxxJp https://ift.tt/eA8V8J

Why you should diversify your portfolio abroad

The options for investors are more nowadays with the spread of technology and  fund innovation from mint - Money https://ift.tt/3lCeuY5 https://ift.tt/eA8V8J

How much tax do you pay on bond investments

Among debt instruments in India, there are various types of bonds available, with different features-duration, tax benefits, coupon rates and lock-ins from mint - Money https://ift.tt/3AM4sYN https://ift.tt/eA8V8J

SIP calculator: How to create a corpus of ₹10 crore in 10 years

In the long-term, equity-linked mutual funds can provide 10 to 15% returns based on the category of funds that you choose. from mint - Money https://ift.tt/3BCMo4i https://ift.tt/eA8V8J

Parked your money in bank FDs? You have a reason to worry

The Reserve Bank of India (RBI) in its latest monetary policy review has projected retail inflation at 5.3 per cent for the current financial year. from mint - Money https://ift.tt/3oZufKz https://ift.tt/eA8V8J

Income tax dept exempts certain non-residents, foreign investors from filing I-T returns. Check details

The income tax department said non-residents (corporates/ otherwise) who do not earn any income other than income from investment in 'specified fund', being Alternate Investment Fund Category III located in International Financial Services Centres (IFSC) or GIFT city shall not be required to file income tax returns from mint - Money https://ift.tt/3lzIT9j https://ift.tt/eA8V8J

Should retired individuals invest in equity-linked mutual funds?

Always make sure that the rate of interest is 1 to 2% higher than the rate of inflation.Be mindful of how much percentage you are withdrawing from the corpus as annual expenses from mint - Money https://ift.tt/30ji9BQ https://ift.tt/eA8V8J

Customers can pay direct and indirect taxes via IndusInd Bank. Details here

IndusInd Bank on Tuesday received RBI approval to collect direct and indirect taxes from mint - Money https://ift.tt/3oRMTnx https://ift.tt/eA8V8J

LTCG on shares of a company not listed in India kicks in after 24 months of hold

If the shares are not listed on a recognized stock exchange in India, concessional rates shall not apply. Period of holding will be 24 months instead of 12 months for treating such gains as LTCG from mint - Money https://ift.tt/3oRMRfp https://ift.tt/eA8V8J

Don’t go blindly by credit ratings when investing in NCD issues

It is very important for investors to understand the risks completely before putting money into various debt instruments from mint - Money https://ift.tt/2X4owYl https://ift.tt/eA8V8J

Pensioners living abroad? Here is how you can submit your life certificate

In a circular, DoPPW has listed the procedures available for submitting a life certificate by a pensioner living abroad from mint - Money https://ift.tt/3mKensF https://ift.tt/eA8V8J

How to get SBI multi-currency foreign travel card explained

SBI multi-currency foreign travel card is a smart way to carry money when travelling abroad from mint - Money https://ift.tt/3DAXnM6 https://ift.tt/eA8V8J

It is good to look for alternatives to FDs amid falling interest rates

Owing to weaker economic conditions, further accelerated by the covid-19 pandemic, central banks worldwide have been cutting interest rates from mint - Money https://ift.tt/3AxsRBc https://ift.tt/eA8V8J

This SBI scheme will get you a regular monthly income. Should you invest?

Under this SBI scheme, customers have the maturity options of 3 years, 5 years, 7 years and 10 years from mint - Money https://ift.tt/2YHJRXV https://ift.tt/eA8V8J

6 recent changes in National Pension System (NPS) rules you need to know

The number of NPS subscribers in various pension schemes rose 24 per cent to 4.63 crore at the end of September 2021, the pension fund regulator said from mint - Money https://ift.tt/3AvL41J https://ift.tt/eA8V8J

Is investing in digital gold a better option than the real thing?

There’s been a 150% increase in the amount of gold that is stored in vaults in the past one year, which indicates the growing popularity of the product from mint - Money https://ift.tt/3v22PEN https://ift.tt/eA8V8J

Returns on my investments

Money gifted to your wife won’t be taxable

To find out whether your income tax shall be taxed in India, you need to establish your residential status as per the I-T Act of India for the relevant financial year  from mint - Money https://ift.tt/3mJnvxJ https://ift.tt/eA8V8J

When the wealthy tiptoe into the world of crypto

More and more affluent Indians are seeking a share of stellar returns delivered by crypto assets such as bitcoin from mint - Money https://ift.tt/3Dzlbjs https://ift.tt/eA8V8J

How to deal with good and bad market phases

The idea is to set the right expectations and stick to your plan of action from mint - Money https://ift.tt/3Dz2nBg https://ift.tt/eA8V8J

IIFL Finance is offering up to ₹10 lakh business loans on WhatsApp with approval under 10 min. How to apply

To get business loans from IIFL Finance via WhatsApp, the user will have to send a ‘Hi’ to 9019702184 and complete the KYC process from mint - Money https://ift.tt/3atkmfE https://ift.tt/eA8V8J

IIFL Finance will now offer business loans over Whatsapp

Users will be able to avail a loan of up to ₹10 lakh with minimum documentation and approval in 5 minutes. IIFL Finance has partnered fintech firm Setu to roll out the feature from mint - Money https://ift.tt/3Dr4mHy https://ift.tt/eA8V8J

Income tax return: SBI lists benefits on filing your ITR early

SBI customers who are interested in filing ITR through the YONO app must note that there are certain documents that one needs while filing an ITR from mint - Money https://ift.tt/3FCENFh https://ift.tt/eA8V8J

4 things you should keep in mind while investing

Something that is near term, that needs to be in assets that exhibits lower risk, the medium term would be slightly higher than the short term portfolio and long term portfolio can have higher risk. from mint - Money https://ift.tt/3aqrvgU https://ift.tt/eA8V8J

What a car loan costs you

A loan for longer may mean smaller equated monthly instalments (EMIs), which makes the car seem more affordable, but overall, you pay more as interest from mint - Money https://ift.tt/303SjS4 https://ift.tt/eA8V8J

Gains from the sale of Ulip units are taxable

The sum received under a life insurance policy which is issued on or after 1 April 2012 and where the premium payable for any of the years does not exceed 10% of the capital sum assured, is exempt from tax from mint - Money https://ift.tt/3mFzxrR https://ift.tt/eA8V8J

How will RBI’s decision to hike IMPS limit impact customers?

The decision will lead to increase in digital payments and will provide an additional facility to customers for making digital payments beyond ₹2 lakh, RBI said in its statement from mint - Money https://ift.tt/3lsumMF https://ift.tt/eA8V8J

Maintain part of your retirement corpus in debt and equity

This amount can come in handy in case you need anything beyond your monthly expenses and travel plan from mint - Money https://ift.tt/2YCVwHS https://ift.tt/eA8V8J

Do I need a financial adviser to invest in MFs or should I do it myself?

October 09, 2021

Before venturing into DIY investing, you need to ask yourself whether you have the bandwidth as well as passion to periodically research your ideas and rebalance based on various parameters from mint - Money https://ift.tt/3mBLajv https://ift.tt/eA8V8J

How to claim capital loss on shares of delisted companies

Once the shares get delisted, it becomes almost impossible to sell them unless the company offers any exit route so effectively the investment becomes irrecoverable and is actual loss for the taxpayer but we cannot claim that loss as the shares have neither been extinguished nor transferred by you from mint - Money https://ift.tt/2WWepVz https://ift.tt/eA8V8J

I have ₹5 lakh in my bank account. Should I repay home loan or put in stocks?

The major factor is whether you are able to earn more income on the funds than the rate of interest being paid on your home loan after considering the tax benefits available to you from mint - Money https://ift.tt/3DnKAfX https://ift.tt/eA8V8J

Profit in stocks to gains in mutual funds - 4 finer points of income tax laws

Long-term capital gains on the sale of listed equity shares and equity mutual funds are fully exempt upto one lakh every year and beyond that the same are taxed at flat rate of 10% without benefit of indexation from mint - Money https://ift.tt/3oHW0Hz https://ift.tt/eA8V8J

Exposure to small-cap funds should not exceed 20% of total investment portfolio

The top three small-cap fund schemes in terms of size of funds being managed are Nippon India Small Cap Fund, HDFC Small Cap Fund, and SBI Small Cap Fund from mint - Money https://ift.tt/300vGhk https://ift.tt/eA8V8J

NPS scheme: ₹12,000 monthly saving can fetch ₹1.78 lakh pension per month

NPS scheme: An NPS account holder can choose up to 75 per cent equity exposure in one's NPS account. However, best practice is to keep the equity exposure at 60 per cent and debt exposure at 40 per cent, believe tax and investment experts from mint - Money https://ift.tt/3lpHFxq https://ift.tt/eA8V8J

How senior citizens can invest to beat inflation

Normally, even in the post-retirement stage, you should have a reasonable equity allocation as it is the only asset class that has the potential to consistently beat inflation in the long run from mint - Money https://ift.tt/3FuGF2X https://ift.tt/eA8V8J

Festive boost for Odisha employees: State govt hikes DA by 11%

The DA hike will be effective retrospectively from 1 July this year from mint - Money https://ift.tt/3DpVVMS https://ift.tt/eA8V8J

Payment system touch points to get geo-tagged

Geo-tagging would help better deployment of acceptance infrastructure and wider access to digital payments, the Reserve Bank said. from mint - Money https://ift.tt/3amwyip https://ift.tt/eA8V8J

How much a house costs in Chennai

The hidden biases influencing your investment decisions

Human psychology plays an important role when it comes to investment decisions, say experts from mint - Money https://ift.tt/3FugDwA https://ift.tt/eA8V8J

PSU banks tend to offer a lower interest rate for education loans

A public provident fund (PPF) account earns interest on an annual compounding basis; the interest is calculated monthly on the minimum balance in the account between the 5th of the month and the end of the month from mint - Money https://ift.tt/3Fuf41E https://ift.tt/eA8V8J

Shopping via ‘buy now, pay later’ schemes could hurt you in the long run

BNPL puts you on the hook for monthly payments and increases your indebtedness from mint - Money https://ift.tt/3AmGkvw https://ift.tt/eA8V8J

SBI customers can file Income Tax Returns for free. Here is how

PNB Housing Finance ties with CSC to offer last‐mile home loan facilities

With this partnership, PNB Housing Finance aims to provide a door‐to‐door home loan facility through the extensive network of CSC from mint - Money https://ift.tt/3uSBFQH https://ift.tt/eA8V8J

Diversify with care to manage portfolio well

A simple portfolio is easier to manage and is able to deliver decent returns from mint - Money https://ift.tt/3uKQNQd https://ift.tt/eA8V8J

Five critical reasons to check your credit report regularly

Errors from the credit bureau or lender in collating information to prepare your credit reports can affect your rating from mint - Money https://ift.tt/3afJsys https://ift.tt/eA8V8J

Invest right and double your money in eight yrs

If invested right, and if the market cooperates during the next eight years, you can more than double your money in this period (assuming a 10-12% annualized returns) from mint - Money https://ift.tt/2YiQPTb https://ift.tt/eA8V8J

NRIs can buy term insurance abroad, but here's what they should know

Once a term policy is issued, any insurance company in India will cover death irrespective of the country of residence of the NRI. To submit the death claim, the nominee of the policy will have to submit all necessary documents listed by the insurer. from mint - Money https://ift.tt/3Afv6J9 https://ift.tt/eA8V8J

SBI gold deposit scheme: Interest rate, tenure and other details

SBI customers can deposit their idle gold under R- GDS which will provide them safety, interest earnings and a lot more from mint - Money https://ift.tt/3Dh1Wes https://ift.tt/eA8V8J

Should you opt for long-term health insurance?

Though their coverage is same as annual plans, they remove the hassles of renewal each year from mint - Money https://ift.tt/2YvYEoV https://ift.tt/eA8V8J

How much tax do you pay on debt investments?

Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier Here's a look at the tax rules that apply to some debt-related investment products from mint - Money https://ift.tt/3oOWsnx https://ift.tt/eA8V8J

Wint Wealth has ₹100-cr AUM in 1.5 yrs of launch

Wint Wealth enables retail investors to invest in fixed income assets with as low as ₹10,000 from mint - Money https://ift.tt/3uJ8M9v https://ift.tt/eA8V8J

Should you buy Reliance General Insurance’s OPD cover?

The offerings of the product fall under the Irdai’s sandbox guidelines from mint - Money https://ift.tt/3BqKJP6 https://ift.tt/eA8V8J

Drawing money with ATM card of a dead person is punishable

You can execute a single relinquishment deed on the same date, provided you have obtained a power of attorney from mint - Money https://ift.tt/3AfhDkD https://ift.tt/eA8V8J

Five mantras to preserve wealth in wild markets

Without a game plan and without a strong sense of faith in what you are doing, it is going to be really hard to preserve wealth from mint - Money https://ift.tt/3a9bpIl https://ift.tt/eA8V8J

Should I invest or prepay home loan with my ₹5 lakh bonus?

In such cases, it is most often suggested that the person should use the money to invest instead of prepaying the home loan. from mint - Money https://ift.tt/3BdXOLV https://ift.tt/eA8V8J

From no cost EMIs to mega discounts: HDFC Bank's 10,000 offers on cards, loans. Check details

HDFC Bank offers include cashbacks and no cost EMIs on premium mobile phones, cashback on iPhone 13, and many others..HDFC Bank is also offering zero processing fee and funding of up to 90% on tractor loans from mint - Money https://ift.tt/3uFbkWl https://ift.tt/eA8V8J

What is personal cash flow management?

'A personal cash flow allows you to identify where your income is coming from and how it is being spent… You can use this knowledge to determine how many everyday expenses you are willing to sacrifice so that you can have more surpluses to put towards future goals' from mint - Money https://ift.tt/3uG6PL7 https://ift.tt/eA8V8J

Which loan should I pay first with my ₹3 lakh bonus?

In most cases, investors decide on this based on the EMI amount they are paying.But, one should close the loans based on interest rate, i.e. first pay the loan with highest interest rate from mint - Money https://ift.tt/3DhSHed https://ift.tt/eA8V8J

General Provident Fund (GPF) interest rate for Q3FY22 declared. Check details

GPF interest rate: The Budget Division of the Department of Economic Affairs at Ministry of Finance today issued notification in this regard from mint - Money https://ift.tt/2YiqVQ1 https://ift.tt/eA8V8J

PFRDA extends online exit process option to government sector subscribers

PFRDA said, the online exit would be integrated with instant bank account verification as per the existing guidelines from mint - Money https://ift.tt/3Abi3sd https://ift.tt/eA8V8J

Bank FD vs PPF vs SSY vs Mutual funds: How fast will your money double?

Before you know how much time your money will take to grow, it's extremely important to decide the goals and investment tenure for which you want to invest from mint - Money https://ift.tt/3a8Z9rb https://ift.tt/eA8V8J

Investments in India from abroad taxable

Under the exchange control law, the permissible debits to an NRE account are local disbursements, remittance outside India, transfer to other NRE/ Foreign Currency Non-Resident Account (B) accounts and investments in India from mint - Money https://ift.tt/3oy8XU4 https://ift.tt/eA8V8J

Equities, the key ingredient to building long-term wealth

Sameer and Natasha Damania have hiked their exposure to equities after they sought a financial planner’s help  from mint - Money https://ift.tt/2Yrdmh5 https://ift.tt/eA8V8J

The case for debt passives: Focusing on fixed income

TM funds make fixed income investing more fixed and give it a Fosbury flop moment from mint - Money https://ift.tt/3DcOSXu https://ift.tt/eA8V8J

Compare company FD rates and ratings

An AA rating indicates that the degree of safety regarding timely payment is strong; the higher the rating, the better the risk capacity of the issuer from mint - Money https://ift.tt/3uMrD3B https://ift.tt/eA8V8J

Kotak Mahindra Bank revises fixed deposit rates. Latest FD interest rates here

Kotak Mahindra Bank gives senior citizens 50 basis points higher interest rates than the general public from mint - Money https://ift.tt/2Ydt3Im https://ift.tt/eA8V8J

There are many good businesses to buy and stay invested in: Atul Bhole, DSP MF

The macro situation is favourable and getting better. This would certainly reflect in corporate earnings growth, going ahead. We would advise investors to stick to their current asset allocation and stay invested from mint - Money https://ift.tt/3l89CJQ https://ift.tt/eA8V8J

Home loan rates are at an all-time low. Check latest offers by SBI, ICICI, BoB, Kotak Mahindra and others

Yes Bank has announced that it is lowering home loan rates at 6.7% per annum during the festive season for a limited period from mint - Money https://ift.tt/3a2OSgb https://ift.tt/eA8V8J

Things to know before switching your health insurance policy

Health insurance policyholders can switch their insurance providers if another insurer can offer better options from mint - Money https://ift.tt/3ivUuo1 https://ift.tt/eA8V8J

You must file income tax return if you hold any foreign assets

Sum received from a friend or non-relative, as defined by income tax  rules, living outside India will be reported as income from other sources and not as income from a foreign source from mint - Money https://ift.tt/3l62ZYE https://ift.tt/eA8V8J

Best home loan rates

Here’s a look at the lowest home loan interest rates of some leading banks from mint - Money https://ift.tt/2ZUX947 https://ift.tt/eA8V8J

Stamp duty value can be used to compute LTCL

There is no restriction under the income tax laws on investing the sale proceeds of the house property in capital markets (stocks and mutual funds) from mint - Money https://ift.tt/3mk3UE4 https://ift.tt/eA8V8J

Active share is not a shortcut to find a good active fund

Studies have shown that funds that have active share outperform those that don’t from mint - Money https://ift.tt/3uC4BMD https://ift.tt/eA8V8J

Should you buy top-up plan to enhance group health insurance?

As you and your family are already covered under a group mediclaim of ₹3 lakh, you can go for a top-up cover with a deductible of ₹3 lakh. This will enable you to get a policy cover of a higher sum insured at a much lower premium from mint - Money https://ift.tt/2Yfb9oB https://ift.tt/eA8V8J

Income tax implication of selling a house taken with home loan

Please note that there is no similar provision for levying income tax in respect of tax benefits claimed for interest on home loan from mint - Money https://ift.tt/3D6nYR5 https://ift.tt/eA8V8J

Can an NRI claim benefits under Section 80C ?

Please note that just by transferring income from your account to the bank account of your son, you will not be able to reduce the tax which you are otherwise liable to pay on such income from mint - Money https://ift.tt/3oB2Deq https://ift.tt/eA8V8J

The biggest mistakes people make with IRA rollovers

As the number of rollovers increases, so does the number of mistakes. And they can cost savers a lot of money from mint - Money https://ift.tt/3isO4pB https://ift.tt/eA8V8J

Avoid debt for purchase of vehicles, as a thumb rule

If your investment portfolio can generate a higher return than the interest you will be paying for the loan, only then you may consider taking the loan from mint - Money https://ift.tt/3a1xGYy https://ift.tt/eA8V8J

Three types of income tax benefits available for education

Income tax benefit: It is important to note that the deduction is available only for tuition fee and other payments like any donation or as development fee by whatever name called paid are not eligible for this deduction from mint - Money https://ift.tt/3mdezQM https://ift.tt/eA8V8J

Ready to tap your retirement fund? Here’s how to get started

All withdrawal strategies have their advantages and disadvantages. It’s important to understand them. from mint - Money https://ift.tt/3D58RHE https://ift.tt/eA8V8J

Investing in Reits? These are the things you should be cautious about

During the pandemic, many commercial offices were vacated, office space were reduced. Due to this, rental income took a hit.One should invest in Reits through index funds or a small portion of a mutual fund from mint - Money https://ift.tt/2Y9J0iy https://ift.tt/eA8V8J

Switch out of mutual funds which show sustained underperformance

In ELSS, the fund should have a minimum of 80% in equity whereas in other equity diversified funds this limit is up to 65% from mint - Money https://ift.tt/3iq8P5s https://ift.tt/eA8V8J

Can I avail tax rebate under Section 87A for long term capital gains on listed shares?

Equity shares of companies listed on the Indian Stock exchange are treated as long term capital assets if the same is sold/transferred after having held for more than one year from mint - Money https://ift.tt/3mjUJUg https://ift.tt/eA8V8J

Tax benefits claimed on home loans get reversed if house sold in five years

One can claim a deduction for repayment of a home loan taken from specified entities for acquiring a residential house up to ₹1.50 lakh every year from mint - Money https://ift.tt/3B3vhZp https://ift.tt/eA8V8J

Gold price dips in September. Should you buy ahead of the festive season?

Gold price may continue to remain under pressure on strong US Dollar for few weeks, say commodity experts from mint - Money https://ift.tt/3D6CMPC https://ift.tt/eA8V8J

Tax liability in case of income from assets after death without a Will

In case a person dies without leaving any valid Will, in respect of the assets owned by him, he is said to have died intestate to that extent from mint - Money https://ift.tt/3uuEUxG https://ift.tt/eA8V8J

Systematic Withdrawal Plan from equity MFs not recommended

When you switch from equity mutual fund schemes to debt mutual fund schemes, you should take care of your long-term capital gain tax liability and ensure that you pay the tax from mint - Money https://ift.tt/2YcbGY7 https://ift.tt/eA8V8J

Aadhaar update, enrollment update to become more easy. Check UIDAI announcement

The UIDAI has opened 55 Aadhaaar Seva Kendras as part of its plan to open 166 stand-alone Aadhaar enrollment and update centres in 122 cities across India from mint - Money https://ift.tt/3A4rU2K https://ift.tt/eA8V8J

Muthoot Fincorp Rs400 crore NCD issue offers up to 10.2% interest

The NCD has a face value of ₹1,000 with a minimum application size of ₹10,000, and in multiples of one NCD, thereafter from mint - Money https://ift.tt/3ipJhp4 https://ift.tt/eA8V8J

Mutual fund calculator: ₹2100 monthly SIP can help you get ₹1 lakh pension

Mutual fund calculator: One would need ₹1.35 crore amount for SWP to get ₹1 lakh monthly income post-retirement for next 25 years, experts believe from mint - Money https://ift.tt/3Fb6N2I https://ift.tt/eA8V8J

Digital gold: Where to buy? Features and disadvantages explained

With rising online purchases more people are exploring the option of buying digital gold via the internet from mint - Money https://ift.tt/3BfhzCs https://ift.tt/eA8V8J

YES Bank lowers home loan rates. Check how it compares with other banks

YES Bank has unveiled a festival offer, under which customers can get loans at 6.7% per annum from mint - Money https://ift.tt/3D2ZeZX https://ift.tt/eA8V8J

CBDT issues over ₹80,000 cr in refunds to taxpayers between 1 Apr-27 Sept

CBDT said the total figure includes income tax refunds of ₹19,699 crore to taxpayers and corporate tax refunds of ₹60,387 crore from mint - Money https://ift.tt/3uBADbJ https://ift.tt/eA8V8J

How to find a socially responsible financial adviser

ESG investing can be confusing. It helps to have an adviser who is on the same wavelength from mint - Money https://ift.tt/39TuAFM https://ift.tt/eA8V8J

Term insurance policy prices rose 1% in Jul-Sep, says report

Average annual premium payable for a sum assured of Rs1 crore term insurance rose to Rs29,127 in the third quarter from Rs29,010 in April-June 2021 from mint - Money https://ift.tt/2Y5asho https://ift.tt/eA8V8J

ICICI Bank launches 'Festive Bonanza'; announces offers on home, auto loans