The Reserve Bank of India (RBI) on Thursday said 97.92 per cent of the ₹2,000 banknotes in circulation have been returned to the banking system.
Category: Finance
Missed ITR filing July 31 deadline? Check the penalties you need to pay
The last date for filing an Income Tax Return (ITR), July 31, for the Financial Year 2023-24, has passed. As the Income Tax Department (IT
20% levy on short-term capital gains has given young F&O traders a tax incentive
NEW DELHI : Ahead of the Union Budget 2024-25, rumours were rife that tax on futures and options (F&O) would be increased to curb the
ITR Filing 2024 deadline extended to August 31? Government clears up confusion in social media post. Deadline ends…
The government has clarified it has not extended the due date for filing income tax returns (ITR). The due date of filing ITR is July
Investor’s guide to surviving the front-running storm
I’ve always observed these incidents with a mix of concern and professional interest. Because front-running isn’t a new phenomenon, nor is it unique to any
Investors couldn’t really buy the dip on 4 June. That’s why we need to tokenise mutual funds
However, much to their dismay, investors were allotted mutual fund units on the next day, 5 June’s prices, when markets had recovered around 3-4 percent.
Successfully filed ITR? Tax refund may still get delayed this year due to THIS reason says CA, netizens disagree…
Despite successfully filing your income tax returns or ITR for this assessment year, your tax refund may be delayed, a social media user claiming to
Income tax clearance certificate not mandatory for all abroad travellers; Centre clarifies post social media outrage
The Union government clarified on Sunday that tax clearance certificates would be mandatory only for those accused of financial irregularities or who have substantial tax
Income Tax department’s big warning: Exaggerated, bogus claims for refunds punishable offence
The Income Tax Department has asked all citizen filing income tax returns to not make bogus claims for expenses, under-report their income or exaggerate deductions,
Deadpool & Wolverine: Hidden money lessons to learn from the Marvel Multiverse
The Time Variant Authority has captured Deadpool, and a man called Paradox tries to lure Deadpool to the dark side. After all, he has nothing
Is relying solely on Sukanya Samriddhi enough, or should you invest in equity funds too?
Recently, I was talking to a relative who has a 3-year-old daughter. Being an investment advisor, many of the general conversations with extended families tend
Sold house in last 2 years? You may get both indexation benefit and lower 12.5% tax rate
The Budget has dealt a blow to property owners by removing the indexation benefit. Previously, sellers could adjust the purchase price of a property for
Confused whether capital gains tax on your asset sale will be short term or long term? Here is a complete guide
If you have recently sold an asset and are unsure whether the sale will be computed as per the short-term or long-term capital gain tax,
Selling property: Will your taxes skyrocket by 1,000% post Budget announcement?
With the new rules effective from 23 July, the shift from a 20% LTCG tax rate with indexation benefits to a reduced rate of 12.5%
Budget 2024 | ‘Capital gains tax hike not positive’: SRCC prof Saumya Aggarwal on NPS Vatsalya, new tax regime & more
Although many taxpayers anticipated the possibility of capital gains tax rationalisation in Budget 2024, not many were expecting the tax rates to be raised, said
ITR filing: Still want to switch to old income tax regime? Here is what you can do
In Budget 2024, the central government has sweetened the new tax regime with more slab relaxations and an increase in the standard deduction from ₹50,000
Budget 2024: How will capital gains tax tweaks impact taxpayers? Beneficial, says I-T department. Here’s the math
In the Union Budget 2024, presented by Finance Minister Nirmala Sitharaman on July 23, the tax rates for long-term capital gains (LTCG) and short-term capital
Income Tax Budget 2024: Where do India’s tax rates stand vis-à-vis developed nations like US, UK & Australia? Check here
The Government of India levies income tax at slab rates ranging between 0 and 30 per cent with a surcharge (up to 25 per cent)
Budget 2024: FM Sitharaman says taxpayers can save up to ₹17,500 under new tax regime. Here’s how
In Budget 2024, Union Finance and Corporate Affairs Minister Nirmala Sitharaman revised income tax slabs under the New Tax Regime, offering considerable savings in the
Budget 2024: Five new changes to income tax that FM Nirmala Sitharaman may bring
Income tax Budget 2024: Finance Minister Nirmala Sitharaman will present her seventh Budget 2024 today, July 23rd. Expectations include a potential hike in standard deduction,
ITR filing 2024: Govt cautions against ‘fake news’ claiming extension of 31 July deadline
The Income Tax Department on Monday cautioned against a news clipping of Sandesh news being circulated on social media claiming ‘extension in deadline’ for the
Tax impact of crowdfunding for cancer treatment: Key insights
My relative was diagnosed with a rare form of cancer requiring treatment of several lakhs. To support him, a few extended family members plan to
ITR Filing 2024: How to file income tax returns via WhatsApp. A step-by-step guide
Income Tax Return (ITR) filing on WhatsApp: Now income tax returns can be filed via WhatsApp. ClearTax has started this facility. Archit Gupta, founder and
Taxnet 2.0: How will taxpayers’ experience improve with new digital infra technology?
With Central Board of Direct Taxes (CBDT) awarding Taxnet 2.0 project to Bharti-Airtel, tax department’s network system is likely to undergo a facelift. For the
Expert View | Limit of non-taxable income could be raised in Budget 2024, says Hemant Shah of Seven Islands PMS
While sharing his views about expectations from Budget 2024, Hemant Shah, fund manager, Seven Islands PMS, in an email interview with MintGenie, says that the
ITR filing: What is income tax rebate under section 87A and why are some taxpayers unable to claim it?
Taxpayers are entitled to claim a rebate under section 87A of the Income Tax (I-T) Act, 1961, which enables them to pay ‘nil’ tax when
Are you paying more just because you’re a woman? Unveiling the pink tax
When shopping for everyday items like personal care products and clothing, women often face a hidden cost known as the ‘Pink Tax’. This phenomenon refers
F&O, intraday and delivery trading: How different types of trading are reported
All types of trading income are to be reported in income tax returns (ITR), even when the taxpayer has made only losses. The fact that
Income Tax Return Filing: Calls for extending deadline grow louder as glitches continue on I-T portal
As only two weeks are left before the deadline to file income tax return (ITR) expires on July 31, taxpayers continue to face glitches on the
Budget expectation: Excluding family settlement from the rigours of anti-abuse provisions
Within this framework, family businesses have flourished, leveraging not just financial capital but also familial bonds and shared values to achieve success over generations. Alongside
Decoding springing and current Powers of Attorney: Key factors to consider
What are the key differences between a springing power of attorney, which becomes effective upon incapacity, and a current power of attorney, effective immediately? What
Bank holiday today: Are banks closed for Muharram, other local holidays in THESE cities?
Banks will remain closed today, July 17, in selected regions of the country on account of Muharram/Ashoora/U Tirot Sing day, according to the Reserve Bank
Bank of Baroda, Bank of Maharashtra launch special fixed deposit schemes. Details here
Nearly a week after the Reserve Bank of India (RBI) highlighted a gap in deposit and credit growth during a meeting with the top bosses
Citi-Axis Bank credit card transition completes today: Billing cycle, reward points — what will change and what won’t
Axis Bank will complete Citi’s credit card portfolio migration on July 15. While this is a major shift for Citi credit cardholders, Axis Bank has
Should UPI transactions incur fees? Amazon Pay CEO’s statement fuels discussion
Should transactions done on UPI (Unified Payments Interface) be charged? A merchant discount rate (MDR) or a transaction fee is currently not charged for almost
How can single women build emergency funds? Here are 6 key ways
Financial security is a cornerstone of independence and peace of mind, especially for single women in India. Building a robust emergency fund is crucial, providing
What is the definition of ‘long term’ while investing in equities? MintGenie explores
Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals and time frames. Whether it’s equities, debt funds, or
Paying high taxes? Here’s how you can save up to 16% by paying with these credit cards
Every tax season brings with it a plethora of usually complicated tax calculations. Figuring out how much taxes to pay, and how many deductions you
Net direct tax collection spikes 19.5% to ₹5.74 lakh crore so far in FY25: I-T dept
Net direct tax collection for FY 2024-25 spiked to ₹5.74 lakh crore till July 11, 2024, witnessing a jump of 19.54 percent over the preceding
Income tax return filing: Requirements of disclosure of assets owned by you in ITR
ITR filing: The income tax department wants certain taxpayers to report various assets and liabilities to detect cases of disproportionate assets owned by a taxpayer
RBI allows resident Indians to open dollar accounts in Gift City. What this means for you
The Reserve Bank of India has allowed resident Indians to open foreign currency accounts in Gift City (IFSC near Gandhinagar, Gujarat) for purposes permitted in
Income Tax Return: Why should you verify your ITR within 30 days of filing?
As the last date to file an income tax return (ITR) looms closer, taxpayers are seen scurrying around to gather the necessary documents. The last
SBI unveils MSME Sahaj offering loans within 15 minutes; details here
The State Bank of India (SBI) has introduced MSME Sahaj, a new initiative designed to cater to the working capital requirements of micro, small, and
Income Tax Returns: Taxpayers find it too ‘taxing’ to file ITR online on e-filing portal even as July 31 deadline nears
This is the last month to file income tax return (ITR) for individual tax payers. If you don’t intend to pay a penalty, then it
ITR filing: Where should you declare foreign assets and income in the tax return form?
When filing your income tax return (ITR), you should declare the income that accrues in India and the income that grows abroad. The income Tax
Need money? Why pledging demat account shares for a loan is better than selling them
Need cash urgently for a short tenure? Your shares can come to your rescue without the need to sell them. We are talking about taking
ITR filing 2024: How to file income tax return without Form 16? Here’s what experts say
If you have yet to file your income tax return (ITR) for FY2023-24, be sure to do so before the deadline, which expires on July
How will a seafarer’s income be taxed?
I have been working in merchant navy for five years. Every year, the high seas voyage amounts to about six-seven months. However, during FY24, due
India’s inclusion in JPMorgan bond index makes target maturity funds ideal for locking in attractive yields
India’s recent inclusion in JPMorgan’s Emerging Market Bond Index (EMBI) marks a significant milestone for our country’s financial markets. As someone who has long anticipated
15 best financial planning hacks every millennial should know
Being a millennial with student loans and new careers can be overwhelming. However, by making strategic financial decisions, you can secure your future. This guide
Is your money management strategy actually working? Key signs you might be off track
When it comes to managing money or investing, we all feel like our way is the right way because it works for us. We convince
DA hike news: HRA to Conveyance Allowance — these 13 central government allowances to jump by 25%. Details here
DA hike news: After the announcement of a 4 percent Dearness Allowance (DA) for the central government employees effective from 1st January 2024 and the
RBI imposes penalty on five banks including PNB for regulatory non-compliance: Report
The Reserve Bank of India (RBI) penalised five banks including Punjab National Bank (PNB) with various RBI directions, reported The Economic Times. RBI imposed a
Income Tax Returns: Exemptions and deductions that are still allowed under new tax regime
As a taxpayer, you must be aware of the fact that the new tax regime is now the default regime. Therefore, one has to opt
Want to invest in foreign stocks? Keep in mind the added costs and hassle.
Investing in overseas markets is a great way of diversifying your portfolio. By spreading investments across countries, you can mitigate risks associated with domestic market
Income Tax Returns: What is your default regime— old or new? Key things you should know before filing ITR
As the last date to file the income tax return (ITR) looms closer and you have not yet filed the return, it is imperative to
Do you need a CIBIL score to get a job as a bank clerk? Job seekers resist the idea a great deal
How is it to miss out on a job opportunity for want of a good CIBIL score? Sounds incredible but could be a reality for
ICICI Bank’s Sapphiro forex card to benefit students planning to study abroad this year: Key features explained
Students planning to go abroad for higher studies tend to apply for a forex prepaid card with foreign currencies loaded into it. Almost all major
Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets
As the Budget 2024 is around the corner, taxpayers are expecting some major overhaul in the capital gains tax. Thanks to the series of provisions
Invested in cryptos this year? You will have to pay tax at this rate…
If you have invested in cryptocurrencies in the financial year 2023-2024, then the chances are that you earned significant profits in the year gone by.
ICICI Bank and Axis Bank revise their FD interest rates. Check latest rates here
Two large private lenders – ICICI Bank and Axis Bank — have revised their fixed deposit (FD) interest rates this month. ICICI Bank has revised
Axis Bank and Piramal Finance join forces for co-lending business; details here
Axis Bank and Piramal Finance have partnered to establish a co-lending business aimed at extending loans to underserved segments in India. This partnership aims to
72% of women making final decisions on their investments, survey reveals
A recent survey conducted by Axis Mutual Fund nationwide showed an increasing number of women assuming control of their financial futures. This shift is significant
Retirement Planning: What plants should you grow in your savings orchard?
The other day, I took my little one to play in a nearby garden. Kids being naturally curious, he bombarded me with questions about the
How this dentist is saving for his retirement and his son’s education
Das started his financial planning journey in 2020, but he was not a first-time investor. “I had made my first mutual fund investment in 2012
Personal Loan interest rates surge by 30-50 bps following RBI’s raised risk weightage in November 2023
Personal Loan Rates: Over the past few months several private lenders such as ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Axis Bank had increased
Cashless payments are making us spend more than before? Study reveals…
There has been a shift in spending trends among consumers. With the increase in cashless transactions, a study revealed that people are spending more than
Income tax return filing 2024: How to choose the right ITR form
The Indian Income Tax Department provides various income tax return (ITR) forms tailored to different taxpayer scenarios. Selecting the appropriate form ensures precise and streamlined
HDFC Bank’s new credit card rules effective from August 1; check key changes
HDFC Bank will implement revised credit card terms effective August 1st, 2024, aligning them closely with industry standards observed by other banks. The revised credit
What is the total cost of owning an ETF?
Passive investments have seen significant growth in recent times, driven by increased investor interest in the benefits they offer. According to te Association of Mutual
How you can blend investment styles with mutual funds
You often hear that it is essential to diversify mutual fund investments across asset classes and categories. However, it’s equally crucial to vary investment styles
Donations, winnings from online gaming, previous bank accounts: ITR forms seek more disclosures
Doing it early will give you time to collect all the information and file the ITR correctly. First, you should reconcile the information in Form
Axis MF says turnaround visible, but growth style dilution is a concern
It’s been a little over two years since Axis Mutual Fund (Axis MF) faced a front-running scandal. Since then, the fund house has undertaken a
Mutual funds bet big on manufacturing: Is it time to invest?
MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according to monthly data from the Association of Mutual Funds
Large-caps & Reits: India’s largest investment adviser’s shifts
Soumya Rajan, the founder and chief executive officer (CEO) of Waterfield Advisors, has a very balanced portfolio. She has allocations in equity, debt, real estate
Corporate affairs ministry fines Growpital ₹1.48 crore for marketing unlisted securities on social media
The fine was issued under Section 42(7) of the Companies Act, 2013, which says, “No company issuing securities under this section (read: unlisted securities) shall
This PMS is betting on India reaching 16% of world’s GDP by 2047
With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India’s economic trajectory, betting on sectors expected to undergo substantial growth,
Navigating Esop reporting rules for Indian subsidiaries of foreign MNCs
If a foreign company offers stock options to employees of an Indian company, the domestic firm must report any future transactions involving these shares to
How this Hindi scholar is channeling his savings into charity
Pandey, who retired more than two decades ago and now relies on his pension and mutual fund (MF) systematic withdrawal plans (SWPs), admits that he
How estate planning can help you protect your legacy
Most people fear the idea of estate planning or laugh it off thinking they are immortal. Estate planning is about ensuring your loved ones or
Sundaram MF’s new CEO on why adaptability is key for active fund managers
For Anand Radhakrishnan, who is at the steering wheel, it’s a full-circle moment. Starting as a fund manager at Sundaram MF, he now returns as
Meet the champions of momentum investing who beat competition in post-covid bull market
In this environment, Deepak Shenoy, founder and CEO of Capitalmind, launched a momentum strategy in his portfolio management service (PMS). In May 2020, he published
Provident fund contributions: A dilemma for international workers
In a landmark ruling, the Karnataka High Court has pronounced specific regulations for international workers within India’s provident fund law as unconstitutional and arbitrary. To
How this telecom executive is strategizing his path to FIRE
Guin began his career in software sales, but now works in a strategy role at a large telecom firm, which he transitioned to after earning
How US, UK social security system is unfair for Indians
“You have to earn 40 credits, which is equivalent to working for 10 years in the US, to get eligible for pension benefits after retirement,
Why Motilal Oswal AMC’s Pratik Oswal prefers the Nifty 500 over the Nifty 50
In an interview with Mint, Pratik Oswal, head of passive funds at Motilal Oswal Asset Management Co. (AMC), shares his views on passive investments, the
Can sector rotation be played passively?
Sector rotation sounds easy to implement, but it can be a complex undertaking. This is because all sectors in an economy do not perform equally
How Prateek Agrawal is restoring Motilal Oswal AMC’s lost glory
The fund house hired Prateek Agrawal as executive director to resolve the crisis. Prior to his hiring in October 2022, the AMC witnessed the departures
Is there a place for both active and passive index funds in your MF portfolio?
Many investors are already aware of the differences between active and passive funds. And if they are active on social media like X (formerly Twitter),
Why a chemical engineer’s simple investment mantra attracts thousands of followers
The 53-year-old, a chemical engineer at a Gujarat-based fertiliser company, aims to maintain 50% allocation each in equity and debt. “I am a firm believer
A look at ‘Safal Niveshak’ Vishal Khandelwal’s investment philosophy & strategy
Vishal Khandelwal, founder of ‘Safal Niveshak’—a popular blog on investing that is nochings hold a very special place in my life,” he says. In an
Why Devina Mehra is bullish on silver
“Even compared to gold, silver is beginning to look good. Unlike gold, silver also has some linkage to industrial demand. The US leading indicator on
Why accurate investment declaration is important
In April every year, one tradition remains constant – employees finding their inboxes swamped with requests for investment declarations, marking a period for heightened financial
No home loan or HRA? The old tax scheme may not be right for you
Individuals should make the choice between the two schemes depending on the one that offers the lowest tax outgo, say financial experts. Nitesh Buddhadev, founder,
Let a hundred flowers bloom: Nikhil Kamath’s approach to life and investing explained
In a world of neat labels and professions, it is difficult to assign one to Nikhil Kamath. He is the co-founder of India’s largest brokerage,
Has Rera really served its purpose?
Such is the sorry state of affairs in India’s glowing real estate sector. For most people, buying a house is both a financial and life
How to be a value investor when market is at peak
Is it possible to get good returns from a market that is at an all-time high? I am often asked this question and my reply
Should Nvidia employees with stock options sell or stay put?
An Nvidia employee posted this note on Team Blind, a platform that lets verified employees discuss issues anonymously. To be sure, Nvidia—a chip manufacturer that
Reviving Go First won’t be easy. Here’s why
SpiceJet boss Ajay Singh and Busy Bee Aviation have submitted a rescue plan for bankrupt airline Go First. Previously, efforts to revive Jet Airways have
Why DSP MF’s Kalpen Parekh is bullish on long duration debt
After four-five years of staying away from it, Parekh has invested in DSP Strategic Bond Fund, an actively-managed duration fund. The fund is currently invested
Boosting Jan Dhan account activity: Strategy for enhanced financial inclusion
However, complete and effective financial inclusion encompasses far more layers than just owning a bank account. It implies, inter-alia access to a comprehensive set of
Pocket money for retirees: You are never too old to embrace life’s joys
When we think of pocket money, it often takes us back to our childhood days when our parents would give us a few “bucks” for
Should you invest in Mirae’s latest multi-factor small-cap fund?
View Full Image Graphic: Paras Jain The index—Nifty Smallcap 250 Momentum Quality 100—has been created by National Stock Exchange (NSE) based on discussions with Mirae
Unlocking retirement prosperity: How NPS remains cutting-edge
The National Pension System (NPS) is one of the most cost-efficient retirement planning products that comes with a prudent risk management framework and close regulatory
Should investors lap up or ignore SBI Energy Opportunities Fund?
View Full Image The SBI fund will be benchmarked against the Nifty Energy Index, which has delivered 20% annualized returns over a five-year period (as
How AA framework is changing your financial life for the better
Three years since the Reserve Bank of India (RBI) launched the AA framework— a financial data-sharing system aggregating a customer’s financial information in one place,
How to access assets when breadwinner is incapacitated
Niranjan Vemulkar, co-founder and chief executive officer of Yellow, a digital will-making platform, shares an example. “We know of a case where the breadwinner went
Are branded apartments worth the premium that you pay?
A reputed residential real estate developer, say DLF, Godrej, Tata, Prestige, Purvankara or Shriram, can easily command a 20-30% premium for their branded apartments, as
Quant MF pivots from Adani to Ambani stocks. Here’s why
Quant MF also has a smaller exposure to other Ambani companies like Just Dial, Network 18 and TV 18. All this collectively takes its exposure
New regime, new way: budget shines light on computing tax on agri income
If you’re an individual taxpayer or Hindu Undivided Family (HUF) with agricultural income, the interim budget has clarified the treatment of agricultural income while computing
Will Nuvama’s PRIME plan to flip office buildings work?
prefer to have in their portfolios. Realty prices, albeit for residential real estate, are soaring across the country after the lull witnessed during the pandemic.
Budget 2024: These are the 6 key Budget promises delivered in recent past
In the run up to the Budget 2024, the Government of India’s ministry of finance has drawn attention to a number of Budget promises which were fulfilled
Why airlines may not offer you free accommodation for delayed flights
The chaos that Gurunandan witnessed that day was, however, not restricted to Udaipur airport alone. Such chaotic scenes were witnessed at Delhi and some other
Blast from the past: Can these mega funds regain their mojo?
View Full Image Graphic: Paras Jain Here, we look at three such funds; their recent and historical performance and what investors can expect from them.
Decoding the rationale of equal weight investing
The conventional approach to index construction for a portfolio relies on market capitalization for weightage of stocks. However, the emergence of ‘smart beta’ strategies that
Are ultra premium credit cards worth their hefty annual fees?
At such high fees, what makes these cards attractive? Do the rewards exceed the fee? This story breaks down ultra premium credit cards for you
Life insurance companies should be permitted to sell health plans: Mahesh Balasubramanian, MD, Kotak Mahindra
India’s life insurance industry has come together to bridge the high protection gap—the difference between available insurance cover and actual needs in case of a
Rich foreigners will now get tax-free access to Indian MFs
It is an unprecedented move that is likely to open the flood gates for infusion of fresh funds by foreigners into India’s stock market. One
Are Vietnam, Thailand cheaper than Goa for a beach holiday?
While beach holidays have always been popular among Indian travellers, Lakshadweep has never really been in their itinerary thus far. That distinction would go to
Can a high sum-assured Ulip offer better cover, returns?
“Pure term plans exist but we cannot ignore customers asking for the survival benefit. High sum-assured Ulips offer this in the best way possible,” says
Got an insurance policy? Know the cost of surrendering it
Financial security and tax relief are two critical reasons why most people buy life insurance policies. Yet, while it is very easy to buy insurance—it
Facing funding winter, Indian tech start-ups gearing up for the tough times ahead in 2024
Indian start-ups had a relatively tougher time in the past year, yet over 950 tech start-ups saw the light of the day, taking the total tally to
Income tax HRA: Why Bengaluru is not considered a metro city for taxpayers?
Bengaluru undoubtedly boasts all the characteristics of a modern global metropolis – a booming IT and startup hub, cosmopolitan culture, and premium infrastructure. However, the
Hat-trick on cards? Dividends from CPSEs may cross ₹50,000 crore this year too: Report
Dividends from central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal for the third year in a row. It has
The art of gambling: Will Perma Bulls get lucky again this year?
Let me take you back to March 2020. A virus that threatens to bring the world to an end is knocking on the door. No
PayNearby and Star Health unite to offer health cover to uninsured and under-served across India. Details here
PayNearby and Star Health and Allied Insurance have recently formed a strategic collaboration aimed at enhancing the accessibility and affordability of health insurance coverage throughout
What Gabby Gingras, the girl who feels no pain, means for the Indian investor
Welcome to the world of Gabby Gingras— the girl who does not feel pain. She was about a day old when a nurse pricked her
AU Small Finance Bank introduces Mastercard Debit Card for corporate salary clientele; check key features
AU Small Finance Bank has officially unveiled its collaboration with Mastercard, heralding the introduction of the Mastercard Debit Card. This innovative offering is tailor-made for
How people can keep their investments less vulnerable to events in 2024
It’s time to reflect on events last year that made us form views and opinions for the future. On the global financial market front, 2023
UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
The volume of UPI (Unified Payments Interface) transactions continues to rise month after month as the total monthly transaction amount touched ₹18.23 lakh crore in
Investors need to have a balanced approach this year
India presents an attractive opportunity for investors seeking high growth potential in a volatile global environment. Yet, people need to carefully consider the following factors
8 famous investing principles of Charlie Munger on his 100th birthday
Charlie Munger would have turned 100 years old today. Although he came close to reaching this century, it remained just out of reach, as he
New Year 2024: 5 key finance-related changes set for rollout from January 1
They say that the change is the only constant. The New Year 2024 will certainly be different from 2023, yet similar in the way that
RuPay launches New Year Cashback offer. Eligibility, cashback limit and all you need to know
Rupay has launched an exclusive New Year Cashback offer which is applicable from December 30, 2023, to January 1, 2024. The offer which is applicable
UPI accounts not operational stand to get de-activated from Jan 1 onwards
If you have a UPI (Unified Payments Interface) account with any of the popular apps such as Google Pay, Phone Pay or Paytm, and have not
‘Last and final call’: Don’t miss December 31 income tax return (ITR) filing deadline
The Income Tax Department has reminded the taxpayers who missed the July 31 deadline to file their income tax return (ITR) for the financial year
Income Tax: CBDT releases circular on 1% TDS on e-commerce transactions. Details here
The Finance Act, 2020 has a provision under Section 194-O of the Income Tax (I-T) Act which mandated that e-commerce operator will deduct income tax
NPS contributions using UPI-enabled QR code: Five benefits, how to use the facility, and other details explained here
The Pension Fund Regulatory and Development Authority (PFRDA) has now allowed National Pension System (NPS) subscribers to deposit their contributions through the Unified Payments Interface
Value of frauds in banking transactions spiked 10 times in 10 years, shows RBI data
This is ten times the 2011-12 data when total amount of frauds amounted to ₹4,497 crore out of 4,091 cases. The data refer to the
Will free MF platforms finally make money? Amfi proposes ₹2 per transaction
Free mutual fund platforms in India, such as Kuvera and MF Utilities, are gearing up for a change of avatar —They will soon be execution-only
RBI introduces new forex scheme to make transactions easier. Details here
The Reserve Bank of India (RBI) has recently set the ball rolling for the licensing framework for authorised persons under the Foreign Exchange Management Act (FEMA). In
The concept of distributor’s alpha and what it means to investors
In investment circles, the concept of “alpha” is well known and discussed. It basically refers to outperformance of a fund relative to its underlying index
You can boost your financial immunity with ULIPs — here is how
The unique combination of investment in mutual funds, debt market, and life insurance coverage has always attracted investors to different unit-linked insurance plans (ULIPs). These
How do I invest for my retirement needs?
I am 40 years old, work in a private company and live with my husband in my own house. We have no children, hence are
FD rate hike news: These four banks increased rates on fixed deposits this month, offering up to 8% interest rate
It seems the era of fixed deposit (FD) rate hikes is not over yet. Even as the Reserve Bank of India (RBI) maintains the key
What is the taxation on withdrawal of PF?
I will retire in January 2024. Is it mandatory to withdraw Provident Fund (PF) corpus immediately after retirement or can I stay invested for two
From Tuition to Takeoff: The essential checklist for education loan applicants
Studying abroad is a dream for many Indian students and it is undoubtedly an endeavour that requires competent financial planning. Education loans are a great
CBDT notifies Income Tax Return forms 1 and 4 for AY 2024-25. Details here
The Central Board of Direct Taxes (CBDT) on Saturday notified Income Tax Return forms 1 and 4. In a post on X platform (formerly Twitter),
As the bull run continues in the market, it is time to exercise caution, say experts
As bulls continue their run on Dalal Street, retail investors have more reasons to cheer than one. Sceptics may say that the music may stop anytime, but
Around 75 percent crypto investors are below the age of 35, says report
There are more than 19 million crypto investors in India, out of which, 9 percent belong to the fairer sex. The year 2023 was reasonably
Axis MF accumulates over ₹3,400 crores via Manufacturing Fund NFO. Details here
Axis Mutual Fund has revealed the successful accumulation of more than ₹3,400 crores in the Axis India Manufacturing Fund. This thematic fund was introduced to
Building a lasting legacy: Selecting the right tools for estate planning
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