I am Wealthy at 23

According to experts, investing in gold is the best way to hedge against geo-political tensions and inflation from mint - Money https://ift.tt/EOyRtib https://ift.tt/40wLbrD

The conflict highlights the danger of the single currency - single country exposure to the Indian investors who have most of their investments in domestic stocks and bonds from mint - Money https://ift.tt/g1wAE7b https://ift.tt/40wLbrD

Under the India Income tax (IT) law, there is a requirement to report all foreign assets in the ITR if the individual qualifies as ‘resident and ordinarily resident’(ROR) of India during the relevant financial year from mint - Money https://ift.tt/qHucjE5 https://ift.tt/40wLbrD

Many good quality stocks are available way cheaper than their recent highs from mint - Money https://ift.tt/ZmRlhjk https://ift.tt/40wLbrD

Cost-of-living increases are rising significantly for the first time in years, adding to retirement system liabilities from mint - Money https://ift.tt/XImJ2C1 https://ift.tt/40wLbrD

Verification of the tax return either electronically or by sending a signed physical copy of the return filed online is essential as it is a way of declaring the truthfulness of the information reported in the return, a legal requirement from mint - Money https://ift.tt/JRP7TeS https://ift.tt/40wLbrD

Here’s a look at the lowest home loan interest rates of some leading banks from mint - Money https://ift.tt/3KUQw82 https://ift.tt/kAGLQts

Such credit cards can help save significant amounts on fuel expenses for those using their vehicles extensively from mint - Money https://ift.tt/6BnXtrg https://ift.tt/kAGLQts

It is to be noted that the repair and maintenance expenses are generally considered as routine expenses for the upkeep of the property and are not considered as capital expenditure hence not includable as the cost of improvement from mint - Money https://ift.tt/ua24oD0 https://ift.tt/kAGLQts

A freelancer can opt for only ITR-3 or ITR-4 to file income tax return (ITR) from mint - Money https://ift.tt/ly3mjNI https://ift.tt/kAGLQts

Sovereign gold bond scheme: Minimum permissible investment in Sovereign Gold Bond Scheme is 1 gram of gold. The maximum limit of subscription is 4 kg for individuals, 4 Kg for HUFs and 20 Kg for trusts and similar entities per fiscal from mint - Money https://ift.tt/ZxwSAVk https://ift.tt/kAGLQts

LIC IPO: Customers can open Demat and trading accounts with SBI Securities using the SBI Yono app from mint - Money https://ift.tt/2Vt84Yv https://ift.tt/kAGLQts

Mutual funds vs real estate: Investing in commercial realty property with rental income being used for monthly SIP is advisable for those who want diversified portfolio, say experts from mint - Money https://ift.tt/GBtqaeX https://ift.tt/kAGLQts

Income Tax: Please note that the FMV value of the house cannot be lower than the stamp duty valuation or circle rate as is popularly known from mint - Money https://ift.tt/cw7KSTs https://ift.tt/O01TwSq

The tax laws have the restriction of Rs. 2.50 lakhs of annual contribution only upto which interest in your EPF account will be tax free and any interest earned on contribution beyond 2.50 lakhs every year is fully taxable in your hand from mint - Money https://ift.tt/4O7TYuo https://ift.tt/O01TwSq

A person is allowed to have maximum of two house properties as self-occupied. In case one occupies more than two house properties for self-occupation, he has to choose any two properties as self-occupied and the rest of the properties are treated as if they have been let out from mint - Money https://ift.tt/GARho2M https://ift.tt/O01TwSq

EPFO members can now change their Provident Fund or PF nominee online by logging in at the EPFO website — epfindia.gov.in from mint - Money https://ift.tt/RCuiJZQ https://ift.tt/O01TwSq

Gold price: Investors are advised to keep an eye on Russia-Ukraine news as any military action by NATO may re-ignite the Russia-Ukraine war, believe experts from mint - Money https://ift.tt/xcJRg8U https://ift.tt/O01TwSq

Mutual funds investment: Risk profiling is the first and foremost step that an investor needs to follow before making any equity investment related decision, say experts from mint - Money https://ift.tt/f4DJjbx https://ift.tt/nVY50um

Here are prices of some properties in price bands of below ₹50 lakh, ₹50-75 lakh, and above ₹75 lakh from mint - Money https://ift.tt/KvAmDWV https://ift.tt/nVY50um

Curated portfolios can be the first step for those expanding from MFs to the world of stocks from mint - Money https://ift.tt/LD4gN6M https://ift.tt/fCO4Fn8

Do start monthly investments for the long term in mutual funds. This will require discipline and an increase in income needs to be channelized for investments from mint - Money https://ift.tt/E5zdWT7 https://ift.tt/fCO4Fn8

According to the report, investors from smaller and emerging markets have more to gain from global diversification from mint - Money https://ift.tt/LMYGlDq https://ift.tt/fCO4Fn8

Long-term capital gains on sale of listed equity shares are subject to tax at 10% from mint - Money https://ift.tt/zYbe6lt https://ift.tt/fCO4Fn8

Forex cards carry a specific amount of currency that is already converted at specific conversion rates from mint - Money https://ift.tt/ejOmTlb https://ift.tt/rNcn8gf

Separate the food and rent payments if you are staying in a PG to claim the tax deduction on the rent from mint - Money https://ift.tt/SJHFRrQ https://ift.tt/rNcn8gf

Every family must have an emergency fund in place depending on the monthly mandatory expenses from mint - Money https://ift.tt/40upExG https://ift.tt/rNcn8gf

Post office term deposit schemes are similar to bank FDs. Post offices offer term deposits ranging from one year to five years from mint - Money https://ift.tt/DZXe3oH https://ift.tt/rNcn8gf

PAN card loan fraud: Dhani App and some other fintech platform are disbursing small ticket loan on mere PAN card and mobile number submission from mint - Money https://ift.tt/2RvoMG8 https://ift.tt/rNcn8gf

Mutual funds vs real estate: Every investor must factor in the aspect of liquidity of the investment instrument from mint - Money https://ift.tt/4d7oQy2 https://ift.tt/rNcn8gf

National Pension System (NPS) is a market-linked, defined-contribution product that needs you to invest regularly in the funds of your choice from mint - Money https://ift.tt/QO0y3Dx https://ift.tt/rNcn8gf

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/LNW2Y7J https://ift.tt/dpFKZGa

Unlike mutual funds, the PFRDA allows pension funds to double up as PoPs in the National Pension System from mint - Money https://ift.tt/A4Zv8T3 https://ift.tt/dpFKZGa

Borrowers of Standard Chartered with a home loan ticket size of ₹35 lakh to ₹3.5 crore can choose to pay only the interest amount via equated monthly installments (EMIs) for an initial period of 1–3 years from mint - Money https://ift.tt/RBpkKD4 https://ift.tt/dpFKZGa

Yes, such a Power of Attorney will be acceptable in India from mint - Money https://ift.tt/HlsgvAp https://ift.tt/dpFKZGa

The Union Budget has proposed to cap the surcharge on LTCGs at 15% from mint - Money https://ift.tt/SxvuBng https://ift.tt/dpFKZGa

The funding comprises a direct ADB loan of up to $58 million and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia (CFPS) from mint - Money https://ift.tt/Z5Yj6G4 https://ift.tt/dpFKZGa

With the govt announcing its proposal to launch a digital rupee very soon, curiosity is high as to how its transaction will take place from mint - Money https://ift.tt/QsvIix1 https://ift.tt/dpFKZGa

Many banks like State Bank of India (SBI), HDFC and ICICI started these special fixed deposits during Covid-19 pandemic from mint - Money https://ift.tt/84rApO3 https://ift.tt/dpFKZGa

There are eight pension fund managers to choose from and one of the ways to do that is by tracking returns from mint - Money https://ift.tt/jUZu2IY https://ift.tt/CuxWqsp

TMFs have been investing in government-backed bonds or public sector undertaking bonds with AAA ratings from mint - Money https://ift.tt/DeZ5r6A https://ift.tt/CuxWqsp

We found that the frauds are happening with the people who are salaried class individuals, who can be perceived as educated, says Manish Agrawal, Head, credit intelligence and control, HDFC Bank from mint - Money https://ift.tt/O0IyPb6 https://ift.tt/CuxWqsp

An EPF account becomes ‘inoperative’ if the employee does not make an application for withdrawal of the accumulated EPF balance, even after completing 36 months from the time of retirement after the member attains the age of 55 years from mint - Money https://ift.tt/09xnCGj https://ift.tt/CuxWqsp

People are required to disclose foreign holdings in their income tax returns from mint - Money https://ift.tt/mLwrYlg https://ift.tt/CuxWqsp

To build a corpus of Rs.50 Lakhs in 10 years, one needs to make a monthly SIP amount of Rs.22000 (Assuming a CAGR return of 12%). from mint - Money https://ift.tt/F6fgh7d https://ift.tt/CuxWqsp

The charges on a shopping credit card include one-time joining fee, annual maintenance fee and over-limit fee from mint - Money https://ift.tt/xYl2BiG https://ift.tt/flKj1eg

An NRI can sell any property (Including an agricultural land or farm house) to a person resident in India. However, in case the NRI wishes to sell the inherited agricultural land or farm house the same can only be sold to an Indian resident from mint - Money https://ift.tt/McprJie https://ift.tt/flKj1eg

The ownership shares in the property and share in the home loan need not be the same. In case of joint property, the tax benefits for home loan are available to the person who is a joint owner as well as a borrower servicing the home loan from mint - Money https://ift.tt/z9BfdOy https://ift.tt/flKj1eg

The new pension scheme is for formal workers earning over ₹15K basic wage and are not mandatorily covered under its Employees' Pension Scheme 1995.Currently, all those employees in the organised sector whose basic wage is up to ₹15,000 per month are mandatorily covered under EPS-95 from mint - Money https://ift.tt/sMLkX9e https://ift.tt/flKj1eg

The NSCs which presently offers fixed annual interest of 6.80% for next 5 years, there is no scope for you to maximize your returns against the return of 14.91% given by ELSS as a category from mint - Money https://ift.tt/vRsGm0o https://ift.tt/flKj1eg

SBI allow customers to open Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) accounts online from mint - Money https://ift.tt/KQy8n2T https://ift.tt/flKj1eg

SBI vs PNB vs HDFC Bank vs Yes Bank:  HDFC Bank has changed its savings account interest rate and new rates have become effective from 2nd February 2022 from mint - Money https://ift.tt/16AmSdu https://ift.tt/FXHnecp

Foreign assets to be reported include foreign bank accounts, financial interests, immovable property, accounts in which individual has signing authority, trusts, any other capital asset held by the individual outside India from mint - Money https://ift.tt/nps14R9 https://ift.tt/FXHnecp

A key assumption here is that the property was transferred through a properly stamped, and registered gift deed, and that the mutation of title is fully completed from mint - Money https://ift.tt/1SwmBvp https://ift.tt/FXHnecp

An EPFO member can use its EPF money for LIC premium payment but this facility is available on LIC policy renewal only from mint - Money https://ift.tt/i40C9n5 https://ift.tt/FXHnecp

Gold price today: There can be some profit-booking ahead of US Fed meeting and spot gold price may come towards $1865 per ounce levels, believe experts from mint - Money https://ift.tt/zxRpsoC https://ift.tt/FXHnecp

The Hurun India Wealth Report 2021 estimates that Indian millionaire (USD) households is set to rise by 30% over the next five years to reach 6,00,000 households by 2026. from mint - Money https://ift.tt/dDbPHUC https://ift.tt/b0mGdeN

It is pertinent to note that while calculating five years of continuous service, the period served under the former employer/employers is also considered from mint - Money https://ift.tt/vk2FURL https://ift.tt/b0mGdeN

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/4yKQcjk https://ift.tt/O5oIAD6

The advantage of a family floater is that it is generally 10% to 15% cheaper when compared to buying individual policies from mint - Money https://ift.tt/wQun8fN https://ift.tt/O5oIAD6

Preferential allotment over rights issue restricts investor participation from mint - Money https://ift.tt/D0xZdgL https://ift.tt/O5oIAD6

Indian investors have utilized two significant routes to access international market from mint - Money https://ift.tt/OY10SUh https://ift.tt/O5oIAD6

The tax treatment for ESOPs given by foreign entities is not very different from how the ESOPs from Indian entities are taxed from mint - Money https://ift.tt/W3SxGK9 https://ift.tt/O5oIAD6

Digital rupee: The issuance of CBDCs will lead to a more efficient and economic currency management system in the country from mint - Money https://ift.tt/EJGvibQ https://ift.tt/Ujxtz3f

One can check LIC India PAN card link status online by logging in at direct LIC India web link — linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus from mint - Money https://ift.tt/Cm8tz6M https://ift.tt/Ujxtz3f

Tax planning should be part of overall financial planning and not the other way round from mint - Money https://ift.tt/t9d7xag https://ift.tt/Ujxtz3f

pinBox Solutions, a fintech focused on micro pension to offer pensions over WhatsApp to domestic help and other informal sector workers from mint - Money https://ift.tt/BnE4whR https://ift.tt/Ujxtz3f

Consult a financial planner and plan accordingly from mint - Money https://ift.tt/Iink7Bp https://ift.tt/Ujxtz3f

A no-cost EMI card makes a pre-decided credit limit available to the customer to convert his purchases into EMIs. Since interest is indirectly included in the no-cost EMI by charging a higher price, there is no additional charge for the interest from mint - Money https://ift.tt/E1uxTAr https://ift.tt/Ujxtz3f

The interest rates on fixed deposits for two-three year tenure has been raised to 5.20% from 5.10% earlier, according to SBI website from mint - Money https://ift.tt/YcV3WNw https://ift.tt/Ujxtz3f

HDFC Bank has increased the interest rates on deposits less than ₹2 crore by 5-10 basis points from mint - Money https://ift.tt/S7bMVr3 https://ift.tt/Ujxtz3f

As the rising interest rate regime is likely to continue for some time, I will suggest you shift your debt fund investment to bank FDs yielding over 6% p.a. for 1–2-year tenures from mint - Money https://ift.tt/ZOkxpwo https://ift.tt/2seQpNE

You must keep in mind a few key mistakes to avoid while investing in the real estate sector from mint - Money https://ift.tt/dNZky1x https://ift.tt/2seQpNE

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/BtsfpUx https://ift.tt/2seQpNE

Government has not differentiated between residents and non-residents from mint - Money https://ift.tt/Tz5rxYo https://ift.tt/2seQpNE

In India, registration of a Will is not mandatory, and unregistered Wills are perfectly valid from mint - Money https://ift.tt/d0PYhN4 https://ift.tt/2seQpNE

The regulatory minimum amount to invest in an alternative investment funds (AIFs) in the IFSC is $1,50,000 from mint - Money https://ift.tt/YwOIHcA https://ift.tt/2seQpNE

Gambling is prohibited in India by the Public Gambling Act, 1867. However, the law excludes games of skill from its purview from mint - Money https://ift.tt/i8A7q1L https://ift.tt/2seQpNE

ESOP is a plan through which employers give their employees the option to purchase stock of the company from mint - Money https://ift.tt/UvxOlm5 https://ift.tt/XonDdbU

Under the exchange control law, non-resident Indians or foreign passport holders are prohibited to acquire agricultural land in India from mint - Money https://ift.tt/r6zIAUe https://ift.tt/XonDdbU

In a major boost to its policyholders, the company has reserved up to 10% of the offer size for this category from mint - Money https://ift.tt/lLf2ReZ https://ift.tt/XonDdbU

We need to focus on the total expense ratio (TER) and tracking error (TE) of an ETF from mint - Money https://ift.tt/b8eofUK https://ift.tt/XonDdbU

The income tax department processes the refund only after the return is e-verified by the taxpayer from mint - Money https://ift.tt/PW5qGos https://ift.tt/XonDdbU

Last year, the EPFO interest rates on deposits have been set at 8.5% and the rates for the current financial year will depend on the income projections for the year. from mint - Money https://ift.tt/H0ZCjF8 https://ift.tt/XonDdbU

To know which tax regime is better, the taxpayer should calculate the income tax liability for both the regimes and compare and choose what's best suitable for them from mint - Money https://ift.tt/kinTR58 https://ift.tt/ln6XjYu

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/npCjMBQ https://ift.tt/ln6XjYu

Travel credit cards provide a comprehensive insurance cover that protects the user from unforeseen expenses from mint - Money https://ift.tt/3eB5m1u https://ift.tt/ln6XjYu

Litigation financing is a nascent investment avenue and carries a high level of risk from mint - Money https://ift.tt/pS52foN https://ift.tt/ln6XjYu

Systematic Investments in Fixed Income can help generate risk-adjusted returns from mint - Money https://ift.tt/xHOMhyF https://ift.tt/ln6XjYu

Income / loss on account of future and option (F&O) trading may be considered as business income or capital gains (depending upon a detailed examination of factors such as volume of trade, frequency of transactions, average holding period, mode of funding, says CBDT from mint - Money https://ift.tt/BWdU02u https://ift.tt/ln6XjYu

When a division or partition occurs in a joint Hindu family, it becomes ‘self-acquired’ property in the hands of a family member who has received it. from mint - Money https://ift.tt/Cb3iBRV https://ift.tt/ln6XjYu

Please note that just by gifting the money to your son, which is exempt in his hand, you will lose your right over your money. from mint - Money https://ift.tt/PI9GbFL https://ift.tt/7vxO08M

In case of share in assets of a Hindu Undivided Family (HUF) a coparcener is entitled to bequeath his share in the HUF to anyone buy not beyond his share in the asset of the HUF. from mint - Money https://ift.tt/rFOvEde https://ift.tt/7vxO08M

Choosing an old or new income tax regime is completely your own decision and it will depend on your income structure, available deductions, and circumstances from mint - Money https://ift.tt/huVF0yH https://ift.tt/7vxO08M

The property will only be transferred after the death of the person, and will go as per the instructions mentioned in the Will. Hence, it would be advisable to consult counsel to understand how to structure this from mint - Money https://ift.tt/sZb3vED https://ift.tt/7vxO08M

One has to be very careful in reporting foreign assets/ income in the Income-tax return. Any omission or inaccurate particulars may invite penal consequences from mint - Money https://ift.tt/CgtZPcF https://ift.tt/t4nY2pl

Gold price today: Spot gold price has breached its latest high of $1852 per ounce and now it may give fresh breakout at $1865 levels, believe experts from mint - Money https://ift.tt/ytGlnSm https://ift.tt/t4nY2pl

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/JebtKQc https://ift.tt/4ajfIVs

Health insurance policy sold by insurance company remains intact after merger with another company from mint - Money https://ift.tt/eUNSdIb https://ift.tt/4ajfIVs

30% tax, 1% TDS and no provision for loss set-off and carry forward set to impact investors from mint - Money https://ift.tt/ZF73PMv https://ift.tt/4ajfIVs

The capital gains tax structure in India is complicated, and it is time for a relook, revenue secretary Tarun Bajaj told business leaders in a post-budget interaction on Wednesday. Mint shows what the current structure looks like and how it can be simplified. from mint - Money https://ift.tt/vAOuSJq https://ift.tt/4ajfIVs

ELSS are open ended fund, i.e, investors can redeem on any day of their choice from mint - Money https://ift.tt/gWf2F3L https://ift.tt/4ajfIVs

You should plan to increase your monthly savings in mutual funds along with your increase in your monthly income from mint - Money https://ift.tt/novtf9T https://ift.tt/4ajfIVs

Investment in debt funds can maintain some liquidity and diversify portfolio beyond equities from mint - Money https://ift.tt/NhW2ZbQ https://ift.tt/9Nrius1

Purpose of amending Section 194IA is to help in reducing any tax leakages from mint - Money https://ift.tt/zxRCYHo https://ift.tt/9Nrius1

If you continue to invest ₹4,500 per month from here on you would be able to accumulate approximately ₹63 lakh in 21 years from mint - Money https://ift.tt/vV3g7uX https://ift.tt/9Nrius1

Globally the largest investors in alternative investments are institutions. Domestic institutional capital from pension and retirement funds, sovereign funds, insurance funds, etc., can further propel industry growth, the IAAIF report said from mint - Money https://ift.tt/aHs3DPE https://ift.tt/9Nrius1

Direct plans are cost-efficient as they invest directly into AMCs. On the other hand, when you buy mutual funds through a broker, distributor, or advisor, they are known as regular mutual funds from mint - Money https://ift.tt/IuXcR2n https://ift.tt/HVwpivm

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/TEZ6vSY https://ift.tt/HVwpivm

The minimum contribution amount through D-Remit feature is ₹500 and above for both Tier I and II accounts from mint - Money https://ift.tt/79jAHvp https://ift.tt/HVwpivm

A few platforms/brokerages provide ready-made portfolios of foreign stocks developed by investment advisors from mint - Money https://ift.tt/vC4lj8e https://ift.tt/HVwpivm

The ₹1.5 lakh investment limit under Section 80C is very low and is quickly exhausted. If you want to save more tax, you can contribute to the National Pension System (NPS) from mint - Money https://ift.tt/hel8bmc https://ift.tt/HVwpivm

IRS said it would add additional verification tools that don’t involve facial recognition, but didn’t specify how those would work from mint - Money https://ift.tt/jcHZNo3 https://ift.tt/eqvU6HI

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/NP15qsZ https://ift.tt/eqvU6HI

Principal part of a home loan can be claimed under the overall deduction limit of ₹1.5 lakh in section 80C from mint - Money https://ift.tt/QwLsjkn https://ift.tt/eqvU6HI

Multicap funds can be suitable investment option for new-to-the-market investors from mint - Money https://ift.tt/kVPqpFA https://ift.tt/eqvU6HI

As per the I-T Act, tenants must deduct TDS @ 31.2% on rent paid to an NRI and deposit the tax with the government from mint - Money https://ift.tt/YBk9li6 https://ift.tt/eqvU6HI

Experts suggest that giver must ensure that gift is genuine and there isn’t any black money and money laundering involved from mint - Money https://ift.tt/dtTbF0z https://ift.tt/eqvU6HI