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Personal finance (Business)

Debt MFs log Rs 1.57 lakh cr inflow in October on investment in liquid schemes

Notably, 14 of 16 debt mutual fund categories reported net inflows during the month, while medium-duration and credit risk funds maintained their trend of consistent outflows.
17 November 2024, 06:36 IST
Debt MFs log Rs 1.57 lakh cr inflow in October on investment in liquid schemes
Debt MFs log Rs 1.57 lakh cr inflow in October on investment in liquid schemes

Debt MFs log Rs 1.57 lakh cr inflow in October on investment in liquid schemes

17 November 2024, 06:36 IST

Rs 10L penalty for failure to disclose foreign assets, income, warns I-T dept

The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.
17 November 2024, 06:31 IST
Rs 10L penalty for failure to disclose foreign assets, income, warns I-T dept
Rs 10L penalty for failure to disclose foreign assets, income, warns I-T dept

Rs 10L penalty for failure to disclose foreign assets, income, warns I-T dept

17 November 2024, 06:31 IST

Form 12 BAA is here to help you claim tax credit on non-salary income

Enabling this, CBDT notified the amendments and the new Form 12BAA, last month. The new form enables an employee to offset tax deducted at source (TDS) and tax collected at source (TCS) from non-salary income against his / her salary TDS.
03 November 2024, 23:31 IST
Form 12 BAA is here to help you claim tax credit on non-salary income
Form 12 BAA is here to help you claim tax credit on non-salary income

Form 12 BAA is here to help you claim tax credit on non-salary income

03 November 2024, 23:31 IST

Home buying v/s renting: Nikhil Kamath reignites debate; here's what experts say

Finance experts say there is no straight answer to the question of what is better — ownership or renting. Mrin Agarwal, founder of Finsafe, says it all boils down to personal choice, which takes into account one’s earnings and expenses, appetite for risk, lifestyle, and psychological needs.
23 October 2024, 02:39 IST
Home buying v/s renting: Nikhil Kamath reignites debate; here's what experts say
Home buying v/s renting: Nikhil Kamath reignites debate; here's what experts say

Home buying v/s renting: Nikhil Kamath reignites debate; here's what experts say

23 October 2024, 02:39 IST

GoM decides to cut GST on 20-litre water bottles, bicycles to 5%

The rate rejig decision taken by the GoM on GST rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary would lead to a revenue gain of Rs 22,000 crore, the officials added.
19 October 2024, 14:00 IST
GoM decides to cut GST on 20-litre water bottles, bicycles to 5%
GoM decides to cut GST on 20-litre water bottles, bicycles to 5%

GoM decides to cut GST on 20-litre water bottles, bicycles to 5%

19 October 2024, 14:00 IST

GST on senior citizen health insurance premiums may be exempt; luxury watches, shoes to draw 28%

The GoM to decide on GST on health and life insurance premiums in its meeting on Saturday decided to exempt GST on premiums paid by individuals, other than senior citizens, for health insurance with coverage of up to Rs 5 lakh.
19 October 2024, 12:46 IST
GST on senior citizen health insurance premiums may be exempt; luxury watches, shoes to draw 28%
GST on senior citizen health insurance premiums may be exempt; luxury watches, shoes to draw 28%

GST on senior citizen health insurance premiums may be exempt; luxury watches, shoes to draw 28%

19 October 2024, 12:46 IST

Understanding 'co-insurance' in health insurance

Unlike copay, where a policyholder pays a fixed percentage of the medical bill, co-insurance splits the responsibility for covering the policyholder’s medical expenses between two or more insurers.
14 October 2024, 02:50 IST
Understanding 'co-insurance' in health insurance
Understanding 'co-insurance' in health insurance

Understanding 'co-insurance' in health insurance

14 October 2024, 02:50 IST

The onus of depositing TDS rests unequivocally with the employer

As per the Income-Tax Act, the employer should remit the deducted taxes to the central government on or before the 7th of every subsequent month.
07 October 2024, 02:59 IST
The onus of depositing TDS rests unequivocally with the employer
The onus of depositing TDS rests unequivocally with the employer

The onus of depositing TDS rests unequivocally with the employer

07 October 2024, 02:59 IST

Pension scheme for minor to be launched on Sep 18

Finance Minister Nirmala Sitharaman will launch the new scheme in New Delhi.
17 September 2024, 02:12 IST
Pension scheme for minor to be launched on Sep 18
Pension scheme for minor to be launched on Sep 18

Pension scheme for minor to be launched on Sep 18

17 September 2024, 02:12 IST

Salary-linked SIPs: A smart way to plan for life goals

Strategised Saving: With a salary linked SIP, anyone can have a better control of their financial future and leverage their income to create future wealth.
16 September 2024, 05:54 IST
Salary-linked SIPs: A smart way to plan for life goals
Salary-linked SIPs: A smart way to plan for life goals

Salary-linked SIPs: A smart way to plan for life goals

16 September 2024, 05:54 IST