Posts

Showing posts from March, 2022

PPF, NSC, Post Office Scheme interest rates announced. Full list here

PPF interest rate for April to June 2022 quarter has been kept at 7.10 per cent from mint - Money https://ift.tt/FqBZf3V https://ift.tt/lKhV5AN

Taxation rules that crypto investors should follow

Gains to be taxed at 30% with no provision for set-off and carry forward of losses from today from mint - Money https://ift.tt/r7pEMk9 https://ift.tt/lKhV5AN

Edelweiss Housing Finance’s ₹300 crore NCD issue to offer up to 9.70% interest

The NCDs proposed to be issued under this issue have been rated AA- with a negative outlook by Crisil Ltd and AA with a negative outlook by Acuite Ratings from mint - Money https://ift.tt/9G0VtwQ https://ift.tt/lKhV5AN

ICICI Bank hikes FD rates on various tenures; check full details here

These rates are applicable to both general and senior citizens. These revised interest rates will be applicable for new deposits and renewal of existing term deposits. from mint - Money https://ift.tt/Nzr2m7n https://ift.tt/lKhV5AN

PPF, Sukanya Samriddhi, other small savings scheme interest rates kept unchanged

Among the small savings schemes, Sukanya Samriddhi Yojana offers 7.6%, Senior Citizen saving scheme 7.4% and PPF 7.1% from mint - Money https://ift.tt/NnedRaK https://ift.tt/lKhV5AN

ITR filing last day today: Check these last minute detail

The income tax department has also reminded us that today is also the last date for linking Aadhaar with PAN. .Taxpayers need to link Aadhaar with PAN in order to avoid penalty up to ₹1,000. from mint - Money https://ift.tt/BsfUvxQ https://ift.tt/lKhV5AN

Post Office savings schemes: What changes for MIS, SCSS and FD account holders from tomorrow

Post offices will stop paying interest for MIS, SCSS and FD account holders in cash from April 1, 2022 from mint - Money https://ift.tt/A6pEYKG https://ift.tt/yIjGWN6

This is how cryptocurrency assets will be taxed from April 1 in India. 10 points

Cryptocurrency assets will be taxed from April 1: This taxation would certainly impact post-tax returns of cryptocurrency transactions from mint - Money https://ift.tt/1E4V7fc https://ift.tt/yIjGWN6

Explained: How interest in PF contributions above ₹ 2.5 lakh will be taxed

‘The interest accrued on the contributions deposited in the taxable account in the EPF will be taxed,’ said Archit Gupta, Founder and CEO - Clear from mint - Money https://ift.tt/zbpokj9 https://ift.tt/yIjGWN6

Things one should know before you go for home loans

Banks do not impose any penalty charge on prepayment or pre-closure of a home loan from mint - Money https://ift.tt/0Vv9A4D https://ift.tt/yIjGWN6

Indian millennials are financially prudent: Survey

Amid the encouraging habits toward financial prudence, Indian millennials are yet to become fully aware of and understand solutions such as life and health insurance from mint - Money https://ift.tt/6lbV5iq https://ift.tt/uEJhCoO

Interest earned from Provident Fund (PF) account: New income tax rules explained

Provident Fund: From 1 April 2022, PF accounts are likely to be divided into two parts - taxable and non-taxable accounts from mint - Money https://ift.tt/pc9e0Vl https://ift.tt/uEJhCoO

HDFC Bank extends special fixed deposit scheme for senior citizens

The special FD offer for senior citizens was made available for investment from 18 May 2020 from mint - Money https://ift.tt/8IcEBD1 https://ift.tt/uEJhCoO

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/DcrSxBW https://ift.tt/uEJhCoO

Tax benefits matter, but watch out for tricky insurance policies

Experts suggest buying a life insurance cover of 10-12 times one’s annual income and one that is affordable from mint - Money https://ift.tt/7L481t5 https://ift.tt/uEJhCoO

What’s the difference between Section 5 and Section 6 of MWPA?

Section 6 of the MWPA pertains to the policy of insurance effected by any married man on his own life and to the benefit of his wife from mint - Money https://ift.tt/sRWqz9G https://ift.tt/uEJhCoO

Is LRS a smart route to build global wealth?

HNIs are resorting to increased LRS where the limit is not on the fund from mint - Money https://ift.tt/ecTH6qu https://ift.tt/uEJhCoO

ITR has not been verified. I want to revise ITR. Do I need to verify first?

In case a person fails to verify the ITR (income tax return) filed within the prescribed time limit, the original ITR filed is treated as never having been filed. from mint - Money https://ift.tt/K5zGhEI https://ift.tt/uEJhCoO

PPF, NPS, SSY account holders: You need to do this to keep accounts active

Investments in PPF, NPS, SSY help taxpayers avail of a deduction of up to ₹1.5 lakh under Section 80C of the Income-Tax Act. from mint - Money https://ift.tt/jtlN0ry https://ift.tt/uEJhCoO

New income tax rule changes from 1 April 2022. Details here

New income tax rule changes from 1 April: Let's take a look at the new tax rules effective from the next financial year from mint - Money https://ift.tt/aXtGHoW https://ift.tt/uEJhCoO

ITR filing to PAN-Aadhaar link: 5 money tasks you should complete by 31st March

Revised income tax return (ITR) filing, PAN-Aadhaar link, bank account KYC, KYC of demat and trading account, etc. are some of the important money tasks that one should complete on or before 31st March 2022 from mint - Money https://ift.tt/cI4jsiE https://ift.tt/w0PyuAa

Returns on my investments

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/citOC6x https://ift.tt/w0PyuAa

What is section 148A of the I-T Act?

Under section 148A, the assessee gets an opportunity to be heard by the officer from mint - Money https://ift.tt/5gakvSP https://ift.tt/w0PyuAa

Should you invest in alpha or momentum funds in India?

Both alpha and momentum indices are made up of the stocks that have done well in the recent past from mint - Money https://ift.tt/hY3vJyI https://ift.tt/w0PyuAa

Are there tax implications for buying a house from an NRI?

Any immovable property held for a period of more than 24 months is classified as a long-term capital asset from mint - Money https://ift.tt/UsaFyQ3 https://ift.tt/w0PyuAa

Should consent be given to merge your FMP/FTP?

Advantage of opting for the merger is that the gains made may continue to be long-term from mint - Money https://ift.tt/o7JCbH2 https://ift.tt/w0PyuAa

Income tax: Here is why March 31 is important for taxpayers

The end of the financial year is very relevant for taxpayers from mint - Money https://ift.tt/fZJ6aCO https://ift.tt/16TYuRC

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/isCrcAp https://ift.tt/16TYuRC

Can a maternity cover taken with health insurance help cut costs?

The coverage entirely depends on the type of plan and insurer that one selects and so the costs can vary from mint - Money https://ift.tt/pfPGxVm https://ift.tt/16TYuRC

How will GIFT City promote securitization?

The govt wants to enhance the participation of FPIs in securitization transactions from mint - Money https://ift.tt/0AnPRau https://ift.tt/16TYuRC

What happens if you don’t file ITR by 31 March

For the current assessment year (AY 2021-22), 31 March is the last date to file an ITR and missing this deadline can spell trouble for taxpayers from mint - Money https://ift.tt/Q2jyCrf https://ift.tt/16TYuRC

How legal heirs of deceased can file IT return

As per the provisions of Section 139(1) of the Income-tax Act, 1961, every person (other than a company or a firm) whose total taxable income during the previous year exceeds the maximum amount which is not chargeable to income-tax ( ₹250,000 for FY 2020-21 and FY 2021-22) is required to file an income tax return from mint - Money https://ift.tt/que0cNg https://ift.tt/16TYuRC

How to open an NPS account online with SBI Yono: A step-by-step guide

‘Pension account ka hai tension? YONO SBI is here to ease your NPS account opening process via digital service. Just follow simple steps and you are done,’ SBI tweeted from mint - Money https://ift.tt/jHdEapD https://ift.tt/k1z2drt

Post Office MIS, SCSS, TD schemes to stop paying interest in cash from April 1. See details

Post offices will stop paying interest on these accounts in cash from April 1, 2022. See details here  from mint - Money https://ift.tt/a2DRBUc https://ift.tt/k1z2drt

Senior citizen special FD scheme: These banks to end this offer from 1st April

Special FD scheme for senior citizens: Various Indian banks like State Bank of India (SBI), ICICI Bank, Bank of Baroda, HDFC Bank, etc. offered special fixed deposit scheme for senior citizens, to help them counter the low interest regime after the outbreak of Covid-19 pandemic from mint - Money https://ift.tt/OaYXsxU https://ift.tt/k1z2drt

Can my father's self-acquired immovable property be transferred to my HUF?

For transferring the property to your HUF both of you will have to execute gift deed in favour of your HUF from mint - Money https://ift.tt/o3zixQw https://ift.tt/k1z2drt

I plan to buy house by selling shares. Can some income tax exemption be claimed?

In respect of capital gains arising on sale any asset other than a residential house, an individual or an HUF can claim exemption from long term capital gains if the net sale consideration in respect of such asset is invested for acquiring a residential house within a period of two years after sale of such asset from mint - Money https://ift.tt/PweugYt https://ift.tt/TFPDefi

I received ₹9 lakh from 2 ULIP policies. What are the income tax implications?

The money received by you would be tax free in your hands if the ULIP policy was issued after 1st April 2012 and the premium paid did not exceed 10% of the sum assured for any year during the premium paying term, says Balwant Jain from mint - Money https://ift.tt/nZjw21B https://ift.tt/TFPDefi

PPF to PAN-Aadhaar link: 8 money tasks that you should complete by 31st March

PAN-Aadhaar linking, revised or belated ITR filing, bank account KYC update, minimum investment required in small saving schemes like PPF, NPS, etc. are some of the important money tasks that one needs to complete on or before 31st March 2022 from mint - Money https://ift.tt/EXhDoVJ https://ift.tt/TFPDefi

Gold price breaks consolidation mode. Should you buy or accumulate?

Gold price today: Russian President is seeking payment for natural gas sales in roubles from unfriendly countries, which could lead to a further supply crunch and rise in prices, while worsening the energy crunch, believe experts from mint - Money https://ift.tt/5zeMhfX https://ift.tt/TFPDefi

How EPF interest rate stacks up against SBI FD, PPF and other schemes

Towards EPF, both employer and employee contribute 12% of the employee's basic salary and dearness allowance. Earlier, the interest rate on EPF was at 8.5%. from mint - Money https://ift.tt/oIGnREf https://ift.tt/TFPDefi

SBI, HDFC Bank, ICICI Bank special senior citizens FDs; Know additional rates, deadlines, details here

There are various special fixed deposit schemes introduced especially for senior citizens by banks like SBI, HDFC Bank, ICICI Bank, Bank of Baroda, and Axis Bank among others. The term of FDs can vary from a minimum of 7 days to a maximum of 10 years and their interest rates range accordingly. from mint - Money https://ift.tt/LYhAeO0 https://ift.tt/eGhgzQk

How much a house costs in Bengaluru

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 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/jl3NXAz https://ift.tt/eGhgzQk

Is RBI’s retail direct scheme a good option for investors?

Experts say retail investors are better off staying away from RBI’s direct bond platform from mint - Money https://ift.tt/9PlkmA5 https://ift.tt/eGhgzQk

Who is the legal heir of a man dying intestate?

The Hindu Succession Act, 1956 (HSA) sets out how the property of a Hindu male dying intestate (i.e. without a will) would devolve from mint - Money https://ift.tt/aJD5Tj9 https://ift.tt/eGhgzQk

When does Motilal MF invest in Vanguard?

Buying 500 stocks requires a huge corpus. If we have inflows of only ₹20-30 lakh a day, deploying that becomes inefficient. In such cases, we deploy that amount in Vanguard ETF and once that becomes big, we switch it over to stocks, said Pratik Oswal of Motilal Oswal AMC from mint - Money https://ift.tt/xugSjn1 https://ift.tt/eGhgzQk

Things you should know before you knock on the ombudsman’s door

Ombudsman encourages a mutually agreeable settlement between parties from mint - Money https://ift.tt/ZPoVdz0 https://ift.tt/eGhgzQk

3 income tax amendments to Budget 2022 to take note of

According to tax experts, there are a few amendments that individuals should take note of, from an income tax point of view from mint - Money https://ift.tt/IFrRKA8 https://ift.tt/eGhgzQk

RBI warns against fraud calls, messages, emails and OTP scams

RBI has released a booklet titled ‘BE(A)WARE - Be Aware and Beware!’ to raise awareness about fraudulent transactions from mint - Money https://ift.tt/xwbP5CE https://ift.tt/GKey6N1

How REITs are a good bet for risk takers

A REIT is a trust that owns a pool of income-generating real estate assets held as SPVs from mint - Money https://ift.tt/e8JRGH0 https://ift.tt/GKey6N1

How BoB is building up its wealth management business

The bank has designed an enhanced value proposition for around 250,000 customers based in top 30 cities from mint - Money https://ift.tt/gtS5e8K https://ift.tt/GKey6N1

Bank of Baroda hikes fixed deposit rates. Latest FD interest rates

Bank of Baroda has revised interest rates on fixed deposits with effect from 22 March from mint - Money https://ift.tt/fa9VZCA https://ift.tt/CB42bXd

Can you get a home loan in the absence of letter of allotment?

Different banks have different norms to grant a loan and in case a particular bank may not grant a loan, another bank may be willing to grant a loan for the same flat based on its own assessment of the documents and prescribed requirements from mint - Money https://ift.tt/aYZl0Nj https://ift.tt/CB42bXd

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/IkCLaRq https://ift.tt/CB42bXd

‘We will launch a silver ETF soon, and gold fund in next 3-4 months’

Currently one cannot invest extensively in global companies, but similar matrix businesses are available in India, says Kalpen Parekh, MD and CEO, DSP Investment Managers India  from mint - Money https://ift.tt/XPyJ5VK https://ift.tt/CB42bXd

Quality investing for long-term wealth creation

The equity market in India is different because it is largely a growth market from mint - Money https://ift.tt/E4ySw9d https://ift.tt/CB42bXd

The problem of incorrect estimation of income before 15 March

Advance tax has to be paid if the tax liability on the estimated income for the financial year exceeds ₹10,000 from mint - Money https://ift.tt/vgYV9p4 https://ift.tt/CB42bXd

Senior Citizens Fixed Deposits schemes: These two special FD schemes end by Mar 31. Details here

One of the biggest beneficiaries of FDs is senior citizens as they are offered additional interest rates compared to general categories. from mint - Money https://ift.tt/PYLdSb4 https://ift.tt/CB42bXd

ICICI Bank hikes FD interest rates by 5-10 bps; Check latest rates here

The bank raised rates on tenures between 1 year to 2 years..ICICI Bank offers 4.15% each on tenure 1 year to 389 days and 390 days to less than 15 months to both general and senior citizen category. Earlier, the rate of interest was 4.05%. from mint - Money https://ift.tt/LORqhKt https://ift.tt/CB42bXd

New income tax rules on interest from EPF savings explained in 7 points

The EPFO or the employee PF trust, will maintain two accounts for income tax purpose: One with contribution within the threshold and the other (second) for contribution over the threshold from mint - Money https://ift.tt/41JmFl7 https://ift.tt/CB42bXd

Children mutual fund: ₹10,000 monthly SIP grows to ₹11.74 lakh in 7 years

Children mutual fund: If an investor had started ₹10,000 monthly SIP in this fund one year ago, its ₹10,000 monthly investment would have grown up to ₹1.21 lakh today from mint - Money https://ift.tt/MaGTZtx https://ift.tt/CB42bXd

What if Visa, Mastercard suspended services in India?

The global duopoly in card payments of Visa and Mastercard suspended services in Russia for its invasion of Ukraine. If such an eventuality were to ever arise in India, it would affect payments but the evolving fintech landscape is increasingly offering a good counterpoint from mint - Money https://ift.tt/5yU9SEO https://ift.tt/AHrKkx7

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/8klqS3u https://ift.tt/AHrKkx7

Should you invest in low-volatility funds in India?

A low-volatility investing strategy involves creating a basket of stocks based on the volatility score from mint - Money https://ift.tt/JG0cCno https://ift.tt/AHrKkx7

The reason why PF interest rates were lowered

The Employees’ Provident Fund Organisation (EPFO), recently, slashed interest rates on provident fund (PF) deposits for 2021-22 from 8.5% to 8.1%, the lowest in over four decades. Mint explains the logic behind the decision from mint - Money https://ift.tt/IuQNYZV https://ift.tt/AHrKkx7

Over 65 lakh Paisabazaar consumers with delinquencies clear outstanding debt

Paisabazaar has a Credit Improvement Programme, under which it has been offering credit advisory services for the last four years. A more detailed and personalised credit report called Credit Health Report is also offered on the platform for a nominal fee from mint - Money https://ift.tt/2AzFHbo https://ift.tt/vrb3x7z

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/Z6Clvjg https://ift.tt/vrb3x7z

Does the home loan overdraft benefit all borrowers?

A home loan overdraft works for those who are willing to accept higher interest rates and loss of tax benefit from mint - Money https://ift.tt/W3LhwDE https://ift.tt/vrb3x7z

Pay later cards or credit cards: which carry lower costs?

In pay later cards, if you are unable to pay back the full amount by the end of three months, you can convert the due amount in equated monthly installments (EMIs) for a longer period from mint - Money https://ift.tt/D92wAsN https://ift.tt/vrb3x7z

Are gratuity, leave encashment received by an NRI taxable in India?

Residential status is determined on the basis of the physical presence of an individual in India during a financial year (FY) and the preceding 10 FYs from mint - Money https://ift.tt/mj4kJEC https://ift.tt/vrb3x7z

India must look at uniformity of insurance

Sales of insurance based on standard products would be primarily price-driven from mint - Money https://ift.tt/21V9nGU https://ift.tt/vrb3x7z

ITR refund not received? These can be the factors for the delay. 3 steps to check status

A taxpayer is always advised to not delay in filing for their tax returns, that is because the earlier you file the sooner you are eligible to get your refund amount. For the Assessment Year (AY) 2021-22, the due date for filing ITR was set till December 31, 2021. from mint - Money https://ift.tt/68JUBNX https://ift.tt/brQxvMs

PO Time Deposit Account: Here's why linking your savings account before Mar 31 is important

TD accounts is one of the post savings schemes of government with interest payable annually but calculated quarterly..If failed to link TD account with PO Savings or Bank account before March 31, 2022, then interest is credited in TD sundry office accounts. from mint - Money https://ift.tt/XyguIGt https://ift.tt/brQxvMs

ITR filing to Aadhaar-PAN link — top money tasks you should complete by March 31

Income tax payers and earning individuals are advised to cross-check about their important money tasks like income tax return (ITR) filing to PAN-Aadhaar linking, which they need to complete by 31st March 2022 from mint - Money https://ift.tt/RbU35op https://ift.tt/brQxvMs

SBI online: How to open tax saving fixed deposit (FD) account via net banking

SBI online: Depositors can open tax saving FD account using their State Bank of India net banking facility from mint - Money https://ift.tt/pVHvb19 https://ift.tt/brQxvMs

Tax saving mutual funds: ₹10,000 monthly SIP turns to ₹14.55 lakh in 7 years

ELSS mutual funds: If an investor had invested ₹10,000 per month in this scheme, then it would have grown to ₹1.26 lakh in last one year from mint - Money https://ift.tt/MzhIJAw https://ift.tt/brQxvMs

Mutual funds SIP calculator: How to accumulate ₹50 lakh in 10 years

Mutual fund calculator: To begin with least possible monthly investment, one should increase one's investment with increase in one's income, say tax and investment experts from mint - Money https://ift.tt/AXFMled https://ift.tt/brQxvMs

HDFC Bank vs Kotak Mahindra Bank vs Axis Bank: FD interest rates compared

Bank deposits are 100 per cent risk-free from mint - Money https://ift.tt/RzGnrgV https://ift.tt/7KYiAqD

I am selling one flat and buying another. Income tax rules explained

ITR: There are no restrictions on the number of residential houses you can own on the date of sale of the property to be eligible for claiming exemption under Section 54 from mint - Money https://ift.tt/YMDPCI7 https://ift.tt/7KYiAqD

I have paid income tax but website shows outstanding dues. What to do?

ITR: Since it is computerized process, the probability of there being an error in the return is reasonably very high than there being an error in calculation on the part of the income tax department. from mint - Money https://ift.tt/qah3B4u https://ift.tt/7KYiAqD

LIC India: Opportunity for policyholders to revive lapsed policies. Details here

LIC of India has said that in view of the prevailing circumstances, concession are being offered in late fee for other than term assurance and high risk plans, depending upon the total premiums paid from mint - Money https://ift.tt/q8drQ3H https://ift.tt/7KYiAqD

Income tax: My son, aged 8, works in TV serials. How his income will be taxed

Since the income earned by your son through acting and modelling exceeds taxable limit, he has to file and ITR and pay tax on it from mint - Money https://ift.tt/QFTdLCA https://ift.tt/7KYiAqD

Mutual funds: Top 5 factors to look at while selecting an investment plan

Mutual funds investor must know that fund houses charge an investor for managing its portfolio and this charge is called expense ratio from mint - Money https://ift.tt/8TSiqYl https://ift.tt/7KYiAqD

CAMS launches Central Record Keeping Agency under NPS

Pension Fund Regulatory and Development Authority (PFRDA) has appointed CAMS as a CRA to broad-base the services to NPS subscribers and the ecosystem from mint - Money https://ift.tt/UPlVHmk https://ift.tt/4nJdDjx

Income tax return: How to e-verify ITR using Aadhaar OTP. Details here

Income tax return: For e-verification of ITR through Aadhaar OTP (One Time Password), one needs to login at income tax e-filing portal from mint - Money https://ift.tt/Tg1vBPI https://ift.tt/4nJdDjx

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/qD1sWbe https://ift.tt/4nJdDjx

Buying on dips is not much of an investment strategy; nothing is predicted

If the price of a stock has fallen, it doesn’t mean it can’t fall more and become even cheaper from mint - Money https://ift.tt/jm9tAKV https://ift.tt/iTtJeEm

Are target maturity funds better than bank FDs?

These funds are high in credit quality, but unlike bank fixed deposits, they are not immune to interest rate risk from mint - Money https://ift.tt/pSyRZlD https://ift.tt/iTtJeEm

Is the death benefit paid to the nominees of an NRI taxable?

Policy taken in India would settle claims in Indian rupees only from mint - Money https://ift.tt/gxJXGlB https://ift.tt/iTtJeEm

₹10,000 monthly turns to ₹11.98 lakh in 5 years in this mutual fund SIP plan

Mutual fund calculator: If an investor had invested ₹10,000 per month in this mutual fund SIP plan, its ₹10,000 monthly investment would have grown up to ₹1.25 lakh in one year from mint - Money https://ift.tt/QGTcpK5 https://ift.tt/iTtJeEm

Does a BNPL platform need your consent to give a loan?

Consumers need to deactivate pay later account to close any loan showing on credit report from mint - Money https://ift.tt/eOphBIP https://ift.tt/iTtJeEm

Can a SIP of ₹5,000 per month fetch you ₹50 lakh in 10 years?

The funds that you can start investing in through SIP are - UTI Nifty Index Fund, Mirae Asset Large Cap Fund, Canara Robeco Bluechip Fund, Parag Parikh Flexi Cap Fund, and Mirae Emerging Bluechip Fund from mint - Money https://ift.tt/NgK2kZ4 https://ift.tt/oM0V8jO

Over 6.63 cr income tax returns filed so far for AY 2021-22

The Income Tax Department has expressed gratitude to taxpayers and tax professionals for the support in timely compliances. from mint - Money https://ift.tt/jbEurlq https://ift.tt/oM0V8jO

Income tax refunds worth over ₹1.92 lakh cr issued so far this fiscal

Income tax refunds of ₹70,373 crore have been issued in 2,21,62,611 cases and corporate tax refunds of over ₹1.2 lakh crore have been issued in 2,32,997cases, the tax department tweeted. from mint - Money https://ift.tt/5eLUx3O https://ift.tt/oM0V8jO

Vested Finance launches three new pre-made portfolio offerings for US investment

Bitcoin Vests gives Indian investors an alternate way to invest in crypto asset without directly buying any cryptocurrency. Bitcoin Vests is constructed using equities of various publicly traded companies that have exposure to Bitcoin from mint - Money https://ift.tt/6SW8kRG https://ift.tt/oM0V8jO

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/nMZO6cY https://ift.tt/oM0V8jO

ETF returns can be more volatile than underlying assets

Investors should study average trading volumes and check if there is a large bid-ask spread before investing in ETFs from mint - Money https://ift.tt/3wbAoaC https://ift.tt/oM0V8jO

‘In a PMS fact sheet, look for the expenses incurred by provider too’

Portfolio management services is becoming the vehicle of choice for HNIs who can afford to save ₹50 lakh– ₹2 crore a year, says Saurabh Mukherjea, Founder & CIO, Marcellus Investment Managers from mint - Money https://ift.tt/ZLe2EBI https://ift.tt/oM0V8jO

Post office Monthly Income Scheme (MIS): Why you need to urgently link your savings account

The idea behind linking MIS accounts with PO Savings or Bank accounts is to ensure that citizens can extra interest income, strengthen digital drive, and tackle money laundering..Failure to link the two accounts by March 31, 2022, could lead to interest earned to credit in the sundry office. from mint - Money https://ift.tt/EuJpBmK https://ift.tt/tV9mwsp

Mutual fund SIP or lump sum in current market situation? Experts weigh in

Mutual fund SIP vs lump sum: For a long term investor, the current market offers good opportunity to invest systematically into equities, believe experts from mint - Money https://ift.tt/CDAKI6R https://ift.tt/tV9mwsp

Returns on my investments

Building a portfolio is a complex exercise, and it has to be maintained too from mint - Money https://ift.tt/UACcOGg https://ift.tt/tV9mwsp

‘PFRDA plans to lift 75% equity cap on NPS Tier II’

We are removing the automatic taper of equity exposure for subscribers who cross 50 years of age, says Supratim Bandyopadhyay, Chairman, PFRDA from mint - Money https://ift.tt/hFASw6B https://ift.tt/tV9mwsp

What do ‘Points of Presence’ refer to

PoPs can typically be entities such as banks, non-banking financial institutions, pension fund managers, and brokerage firms that provide their services to investors for a small charge from mint - Money https://ift.tt/LVz1C2v https://ift.tt/tV9mwsp

What will be the status of an OCI cardholder for I-T purpose?

The rules for the determination of residential status under the exchange control law are different from those under the Income-tax law from mint - Money https://ift.tt/w8rlo0q https://ift.tt/SaFPsHm

Bank FD rates: Senior citizens can earn additional 0.75% at Yes Bank

On FDs up to ₹2 crore, Yes Bank offers a 7% rate to senior citizens for 3 to 10 years tenure - which is 0.75% additional than compared to the usual rate of 6.25% offered. from mint - Money https://ift.tt/mG8dEXl https://ift.tt/SaFPsHm

Senior Citizen Saving Scheme: Why savings account need to be linked before March

To ensure citizens were availing full benefits of linking savings accounts for interest payment, the government decided that interest on SCSS will be credited only if the account holder has linked it with PO Savings account or bank account with effect from April 01, 2022. from mint - Money https://ift.tt/2vtDPFV https://ift.tt/SaFPsHm

Post offices will stop paying interest on these accounts in cash from 1st April

Post office schemes: Linking of Senior Citizen Savings Scheme, Monthly Income Scheme and Term Deposit accounts with savings accounts provide many benefits from mint - Money https://ift.tt/UouawPI https://ift.tt/SaFPsHm

The smart way to choose a savings account

A bank savings account must be based on stability of income, sources of earnings, and frequency of spending from mint - Money https://ift.tt/dMKkmbr https://ift.tt/SaFPsHm

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/jheY2ns https://ift.tt/SaFPsHm

Why you need to deposit money in PPF, SSY, NPS every year

PPF, SSY, and NPS mandate a minimum investment every fiscal. Mint tells you what you may lose on defaulting and how to revive a dormant account from mint - Money https://ift.tt/yk36Er7 https://ift.tt/B2Xd6f0

Are withdrawals from EPF by NRIs taxable?

As per the current PF Scheme, a PF account is classified as an in-operative account and does not earn further interest where an employee retires from service after attaining the age of 55 years or migrates abroad permanently or dies and does not apply for withdrawal of his accumulated balance within 36 months from mint - Money https://ift.tt/KuyaVtr https://ift.tt/B2Xd6f0

How NPS can help Indians retire with dignity

NPS schemes have low fund management expense—even lower than index funds from mint - Money https://ift.tt/uzgsKkS https://ift.tt/B2Xd6f0

Property sale: Can I claim income tax exemption on long term capital gain again?

For availing exemption under Section 54 on sale of a residential house you need to have held the house for a period of more than 24 months from its acquisition and the indexed capital gains are invested for acquiring another residential house within prescribed period from mint - Money https://ift.tt/kzHTDxf https://ift.tt/B2Xd6f0

Do you need to to pay advance tax? Hurry up! March 15 is last date

Every taxpayer whose tax liability as reduced by the amount of TDS and TCS exceeds Rs. 10,000/- has to pay advance tax in four instalments 15th June, 15th September, 15th December and on 15th March of the financial year in the ratio of 15%, 30%, 30% and 40% respectively from mint - Money https://ift.tt/ISY3KvC https://ift.tt/B2Xd6f0

Can legal heirs have claim in the reverse mortgaged property?

Typically, in a reverse mortgage, where a property has been mortgaged, the bank or financial institution has the right to sell the property after the death of an individual and the excess amount is remitted back to the legal heirs from mint - Money https://ift.tt/TUnlIyF https://ift.tt/tqbuJ6R

Is EPFO a safe bet for your retirement fund? EPF investment strategy explained. Read here

The EPFO follows a very simple and by-the-book strategy when it comes to investing. As per rules, 85% of annual accruals are invested in debt and 15% in equities. from mint - Money https://ift.tt/5fLgUoC https://ift.tt/tqbuJ6R

Fixed deposit interest rate: This bank is giving 7% return on FD for 3 years

Fixed deposit interest rate: If a bank depositor looks at the annualised yield then it stands at 7.19 per cent on one's fixed deposit for 3 years from mint - Money https://ift.tt/xpbZe8Y https://ift.tt/tqbuJ6R

Mutual funds: Equity small-cap index plan gives 100% return in 2.5 years

Mutual funds: Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth plan has delivered 105.75 per cent absolute return against the category average return of near 43.50 per cent from mint - Money https://ift.tt/vkqBpAh https://ift.tt/tqbuJ6R

This SFB is offering 7.5% RD interest rate on 2-year recurring deposits

One can open RD account at this small finance bank for 3 months, 6 months, 9 months, one year, two years, three years, 4 years, 5 years and more than 5 years to 10 years from mint - Money https://ift.tt/hsMILrv https://ift.tt/sGP1pug

How much a house costs in Delhi-NCR

Here is the list of average price of flats across five price bands in Delhi-NCR from mint - Money https://ift.tt/tIl43nG https://ift.tt/sGP1pug

Term insurance is targeted at 10 times your annual income

To provide for short-term expenses, you may consider saving in bank recurring deposits, ultra-short-term debt funds from mint - Money https://ift.tt/FTvj6WZ https://ift.tt/sGP1pug

Failure to pay advance tax attracts interest under section 234c of IT Act

A resident senior citizen without any income is not liable to pay advance tax from mint - Money https://ift.tt/umC4c0a https://ift.tt/sGP1pug

What are the hidden expenses in your flight ticket

User development fee is the most common charge in the flight tariff. This is charged from passengers to fund the modernization of airports from mint - Money https://ift.tt/7smk9U0 https://ift.tt/sGP1pug

‘Post-correction, price value gap for banks is favourable’

We believe that new-age companies need to be looked at from a long-term lens, as they are still in the investment phase, says Neelesh Surana, CIO, Mirae Asset Mutual Fund from mint - Money https://ift.tt/mxBT0kp https://ift.tt/sGP1pug

Should you invest in debt funds to create a retirement corpus?

Equities as an asset class outperform both inflation as well as fixed income instruments by a wide margin over the long term. So, investing in equity mutual funds, and not in debt funds, is recommended for building retirement corpus from mint - Money https://ift.tt/cjYxwtr https://ift.tt/dbUgYhv

What is the strategy that can help build a retirement fund?

Consider starting SIPs for retirement to create a reasonable corpus from mint - Money https://ift.tt/IOA8ybs https://ift.tt/BLU78xn

Why investments in MFs are better than AIF and PMS

The loss in case of category I and II AIFs, can be set off against other gains from mint - Money https://ift.tt/L7h0ZU5 https://ift.tt/BLU78xn

Mistakes to avoid during last-minute tax planning

Some investments with deduction on principal carry tax on accrual and withdrawal from mint - Money https://ift.tt/Zx4WLnY https://ift.tt/BLU78xn

Financial independence among top priorities for women, says study

One in four women indicated social/family restriction or lack of guidance as barrier to becoming financial independent from mint - Money https://ift.tt/clpWN62 https://ift.tt/BLU78xn

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/yvM1D9d https://ift.tt/JQwfPm1

Check how your NPS investments are faring

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/j2WFyc1 https://ift.tt/N1M73S5

How a 46-year-old woman took a sabbatical after sorting finances

A revised investment plan helps Bhavana Mittal take a break from work without affecting her financial goal from mint - Money https://ift.tt/Y3onLeR https://ift.tt/N1M73S5

Large-caps a safe bet during market correction, say experts

Once the Russia-Ukraine crisis settles down, gold to likely come back to $1,700-1,800 levels from $2,000 from mint - Money https://ift.tt/UFNzQe0 https://ift.tt/N1M73S5

What are the revised norms for residency

An individual who is a citizen of India who is not liable to tax in any other country or territory has total income, other than from foreign sources, exceeding ₹15 lakh during the said FY, shall be a deemed resident of India from mint - Money https://ift.tt/w94sa5q https://ift.tt/N1M73S5

How women can find financial happiness

Women must have adequate life and health covers as these are meant for uncertainties from mint - Money https://ift.tt/jzQfeHs https://ift.tt/N1M73S5

Axis Bank revises fixed deposit interest rates. Latest FD rates here

Axis Bank offers FDs across different tenures, ranging from 7 days to 10 years from mint - Money https://ift.tt/8vynr14 https://ift.tt/N1M73S5

NSE or BSE, which has better model to buy US stocks

An unsecured depository receipt is created by a market maker who buys the underlying shares in the US from mint - Money https://ift.tt/dCvFmqy https://ift.tt/RCUMW1t

Will sale of shares attract 10% LTCG tax if sold post 12 months?

Interest earned from bonds/debentures issued by PSBs/PSUs is taxable income in the hands of the recipient unless such bonds are specifically exempted by the government through notification from mint - Money https://ift.tt/hwOH2Mi https://ift.tt/RCUMW1t

Is new tax regime fit for late tax planners

Only salaried taxpayers have the option to switch between the two tax regimes every financial year from mint - Money https://ift.tt/xCi7OYH https://ift.tt/RCUMW1t

I have moved to Australia. I had made some FDs. What are the tax implications?

There is no need to break and make fresh deposits. You can continue to hold these fixed deposits made by you while you were in India but you will have to get these deposits designated as NRO deposits which the bank will do once you intimate them about change in your residential status under FEMA. from mint - Money https://ift.tt/Bd7zP0F https://ift.tt/RCUMW1t

My father's HUF wants to gift me ₹10 lakh. Will I need to pay income tax?

HUF: The gifts received by members from the HUF is not tax-free in the hands of the recipient member as gifts from HUF to its members is not covered in the exception provided under Section 56(2)(x) from mint - Money https://ift.tt/atofTKD https://ift.tt/RCUMW1t

Do I have to disclose assets in ITR? What are the income tax rules?

ITR: The personal balance sheet will have details of your personal assets and liabilities including your capital in the business entity from mint - Money https://ift.tt/CnhQqZP https://ift.tt/RCUMW1t

SBI vs HDFC Bank vs Canara Bank vs Bank of Baroda: Latest FD rates here

Let's take a look at the latest FD interest rates offered by Canara Bank, Bank of Baroda (BoB), SBI and HDFC Bank from mint - Money https://ift.tt/hgoLknD https://ift.tt/zfmFOpt

MP govt raises DA for state govt employees. Details here

We have decided to increase the DA of government employees to 31%, and payment for the same will start from the month of April, MP CM Shivraj Chouhan said from mint - Money https://ift.tt/xv0IAyl https://ift.tt/zfmFOpt

Gold price logs best weekly gain since May 2021. Should you buy, hold or sell?

Gold prices extended gains on Friday after the US payrolls report showed sluggish wage growth even as hiring boomed last month from mint - Money https://ift.tt/qB4WhNa https://ift.tt/zfmFOpt

Mutual funds SIP calculator: How to accumulate ₹1 crore in 10 years?

Mutual fund calculator: Investing in mutual funds SIP for 10 year is expected to yield at least 12 per cent per annum, believe experts from mint - Money https://ift.tt/i9oGdbW https://ift.tt/Myof9as

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/Glk8TF1 https://ift.tt/j6zSX8K

Why it is difficult to find an investment advisor in India

If an individual RIA crosses the limit of 150 clients, he/she has to get a corporate RIA license from mint - Money https://ift.tt/bmB6dcn https://ift.tt/Zq3aDUh

Aligning your fixed income strategy to the new realities

Use shorter-term deposits to be able to get the benefit of being able to reinvest from mint - Money https://ift.tt/Up1b97o https://ift.tt/Zq3aDUh

What to keep in mind while choosing an insurance company

Whole life insurance policies are meant to provide coverage for an extended tenure, typically till 100 years of age from mint - Money https://ift.tt/MC0jZOz https://ift.tt/Zq3aDUh

SSY is the best tax-saving small savings scheme

A parent or legal guardian of a girl child can open an account in the child’s name before she turns 10 years. A maximum of two accounts are allowed to be opened in a family for two girl children from mint - Money https://ift.tt/wICzUb0 https://ift.tt/Zq3aDUh

Have more than one PPF account? Here is an important message for you

The office memorandum stated that that any proposal to merge such PPF accounts won't be entertained from mint - Money https://ift.tt/xqjZ5Kn https://ift.tt/Zq3aDUh

Multi-asset investing: Win some, lose some

Investors can’t predict how each asset class will perform on a y-o-y basis from mint - Money https://ift.tt/VvXFc4Q https://ift.tt/U1DKPmz

How should you carry your foreign exchange

Travelers get all the convenience of transacting abroad when they carry a travel credit card or forex prepaid card from mint - Money https://ift.tt/DXFpWRf https://ift.tt/U1DKPmz

ITR filing to PAN-Aadhaar link: Top 5 money tasks to complete this month

Last date for filing belated or revised income tax return (ITR), PAN-Aadhaar link, Bank account KYC,etc. are some of the important money tasks that one needs to complete this month from mint - Money https://ift.tt/d7AGPxe https://ift.tt/U1DKPmz

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/dtWBAlE https://ift.tt/U1DKPmz

Five best destinations for international travel

Airfare, accommodation costs have rationalized in countries that were the first to open up international travel from mint - Money https://ift.tt/1PD49wx https://ift.tt/U1DKPmz

How crypto gifts will be taxed in various situations

Under Finance Bill 2022, gifts of VDAs will be taxed in the hands of the recipient from mint - Money https://ift.tt/VZMKfh3 https://ift.tt/KAVxdj5

All you need to know about systematic transfer plans

Withdrawal from debt scheme before 3 years will be considered as STCG and will be taxed at income tax slab rate from mint - Money https://ift.tt/a4T2WH0 https://ift.tt/KAVxdj5

Can you challenge the Will executed by your grandfather?

A Will can be set aside and declared void only if it was caused to be made by fraud, coercion, or by such importunity that takes away the free agency of the testator from mint - Money https://ift.tt/OU0PLFT https://ift.tt/KAVxdj5