Section 54 states that exemption from capital gains arising on sale of house property will be available to individuals and HUF if new property is purchased within one year prior to date of sale or within two years after sale.
Capital gains on debt mutual funds are chargeable to tax depending upon your period of holding.
As long-term debt funds are most vulnerable to interest rate movements—net asset values generally move in inverse correlation with underlying interest rates in the economy—modified duration will indicate the interest rate sensitivity and help an investor to pick the right fund.
As closing your credit card would reduce your total available credit limit, it might increase your credit utilisation ratio. This in turn will reduce your credit score.
A combination of hawkish RBI statements, rise in US treasury yields, general increase in price of oil and other global commodities and worries on the fiscal deficit has led to this increase in market interest rates.
Pedal Cycle Insurance cover is a must if you have bought a costly cycle along with expensive gadgets fitted into it and plan to go on a long road trip.
The regulator’s linkage of Aadhaar with insurance policies will be beneficial during claims settlement for establishing the identity of the claimant.
Equity mutual funds have seen positive inflows since 2014 and surged after demonetisation as retail investors switched from physical to financial savings.
Last year, in order to make income tax compliance easier for professionals such as doctors, lawyers and CAs, the government had introduced presumptive tax scheme under Section 44ADA of the Income Tax Act.
Income from agriculture is exempt under income tax. However, while computing the tax on total income, it has to be included as per a certain formula due to which the other incomes are taxed at somewhat higher rate though agricultural income per se remains exempt.
Investors love rising equity markets. The last 18 months have seen stock markets go through a dream run with massive amount of wealth creation. This is not the first bull cycle where markets have rallied with such depth of participation and momentum.
Employees generally receive a house rent allowance (HRA) from their employers.
If you started smoking during the term of the policy or in your case after three years of health insurance coverage, you will have to inform the insurer and properly disclose it every time afterwards while renewing.
Investments in financial assets in India, especially in the last18 months have gained traction. One of the reasons is the lack of returns in the real estate asset class and lower interest rates in fixed income class.
The asset allocation or the mix of various assets including equity, debt, gold, etc., held in a portfolio is considered one of the key determinants of its performance. A suitable asset allocation is based on one’s investment horizon and risk appetite.
There are people who are disciplined and there are who are not. What is the difference between these two sets of people?
With overall non-life insurance penetration standing at just 0.7% in India, it is not surprising to see a dismal contribution made by home insurance.
The Sensex bounced back in October on the back of firm global markets amidst improving global economic data, easing of geopolitical tensions, encouraging domestic industrial output and consumer price inflation numbers and stability in the rupee.
PFRDA has increased the charges for subscribers of National Pension System to incentivise points of presence (PoPs) who register subscribers, receive contributions and instructions from subscribers and help in withdrawal requests
Low tax compliance is a matter of serious concern in developing countries, limiting the capacity of their governments to raise revenues for developmental purposes.
Yes, you can continue by converting your group health insurance into individual policy only with the same insurer.
When companies require cash for their expansion, diversification or acquisition they raise the same by means of rights issues.
The mutual fund industry has come a long way since Unit Trust of India (UTI) was established to distribute mutual funds with its first scheme, Unit Scheme 1964.
Such prize money will be treated as income under Section 56 of the Income-tax Act and shall be classified as ‘Winning from Lotteries, etc.,’ Hence, U/S 115BB, such income shall be taxed at 30% (plus applicable surcharge and cess).
LIC and other major players have to lead insurers in asset management techniques, product development and cater to those who depend on insurance for meeting their long-term needs.
The GST Council has decided to make several changes in the GST law in respect of small businessmen and particularly the composition scheme.
India’s potential plan to phase out petrol- and diesel-powered cars and sell only electric cars by 2030 must include hybrid technology (internal combustion engine plus electric motor), which, globally, is considered the stepping stone to full electric. Among other improvements, hybrid cars have far better fuel economy than conventional internal combustion engine cars that we […]