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Amitava Chakrabarty

Articles By Amitava Chakrabarty

861 Articles

Want to get instant cashback on online transactions? Here comes a new-age credit card challenger

The recent country-wide lockdown and increasing work from home trend have led to a rise in online shopping with cards emerging as a preferred mode of payment.

credit card, credit card offers, country-wide lockdown, online shopping, instant cashback, challenger credit card, GenZ, millennials, Slice app, Spark offer platform

Health Insurance: After losing parents, will orphans lose medical cover as well?

Despite the fact that Covid-19 fatalities among children are low, the pandemic has played havoc in the lives of many little ones, with thousands of children losing one or both parents.

health insurance, Covid-19 pandamic, orphan children, renewal of health insuance policy of orphaned children, dependent children, legal gurdian, Insurance Regulatory and Development Authority of India, IRDAI

Beware! You may face higher TDS, disruption in banking services from July 1 if you fail to do this

Once higher tax is deducted, the payer may not process / perform any refund/adjustments at a later date and you have to claim the refund at the time of filing your ITR.

Permanent Account Number, PAN, Aadhaar, PAN-Aadhaar linking, higher TDS, disruption in banking services, investment, mutual fund, MF, debit card, credit card, intetest income, dividend income, income tax

3-year lock in period in ELSS: Can a nominee redeem the units early?

Due to tax benefits and the prospects of generating a higher long-term return, ELSS is one of the most popular tax-saving schemes among the investors.

mutual fund, MF, equity linked savings scheme, ELSS, tax-saving investments, equity-oriented MF, 80C benefits, lock-in period, 3-year lock in period in ELSS, reduction in ELSS lock-in period for nominees

Sale of joint property at a loss: How to take maximum tax advantage

In case of joint ownership, all the joint owners may share the capital gain or capital loss as per the proportion of their holding in the property.

house property, sale of house property, long-term capital loss, short-term capital loss, capital gain tax, adjustment of capital loss, carry forward of capital loss, joint ownership, maximum tax advantage, income tax

Life Insurance and Health Insurance: Why to get insured and which cover is essential?

The aim of taking insurance is getting financial protection against a risk, where uncertainty is there about timing and/or occurrence of an insurable event.

insurance, life insurance, term life insurance, health insurance, need of taking insurance cover, insurance premium, insurable risk, transfer of risk, hospitalisation cost, risk of dying early, risk of living too long

New Income Tax Site: Ill-timed launch of heavy, data guzzling site frustrates return filers

The private income tax softwares have also stopped working as they will start the software updation process once the income tax website is fully updated.

income tax, new income tax site, new e-filing site, income tax return, ITR, ITR due date, interest on late payment of tax, ITR to avail home loan, ITR filing software

How Fintech players are changing the way credit is perceived in India

Many credit phobic persons pay for newspaper, domestic help, milk etc at the end of every month, oblivious of the fact that they are availing the goods and services on credit.

Credit Card, credit products, perception about credit, Fintech players, innovative financial products, tech-savvy younger generation

Personal Loan vs Top Up Loan: Know the advantages and disadvantages

Apart from lower interest rates compared to unsecured loans like personal loans, a home loan also provides tax benefits, which also encourages buyers to take loan.

personal loan, top up loan, secured loan, unsecured loan, home loan, auto loan, tax benefits, loan documentation, loan eligibility, KYC, EMI

How to digitally share information of your financial assets, investments securely

Along with making investments in financial assets, it's also necessary to ensure that the benefits of investments are availed when necessary.

financial assets, financial investments, list of financial assets, nominee, appointee, assignee, Covid-19 pandemic, bank account, fixed deposit, life insurance, retirement account, pension account

Income Tax Return: Know the key changes in ITR Forms, filing processes before you start

Apart from a change in the e-filing site, some changes are also made in the ITR Forms for AY 2021-22, as well as in the process of filing return over the last assessment year.

income tax, income tax return, ITR, e-filing site, launch of new e-filing site, changes in ITR Forms, changes in ITR filing process

ITR due date extension: Will you get interest relief on payment of tax during the extended period?

Instead of July 31, 2021, the due date for filing ITR for the Assessment Year (AY) 2021-22 will now be September 30, 2021.

income tax, income tax return, ITR, ITR due date, extension in ITR due date for AY 2021-22, tax payable, interest on tax payable

Covid-19: Higher tax benefits expected as employers extend helping hands to employees

Many companies have come forward to support their employees in the ongoing pandemic period by way of bearing their medical expenditure, health kit etc.

income tax, income tax relief, medical equipments, PPE kit, health kit, medical expenditure, Covid-19 pandemic, Home Quarantine, Preventive Healthcare Expenses

Income Tax Return: From mobile app to new payment options – know benefits of new e-filing site

The ITR filing process will resume from June 7, 2021, a day after launch of the new e-filing site – incometax.gov.in – on June 6, 2021.

income tax, income tax return, ITR, ITR filing website, new e-filing website, benefits of new e-filing website, payment of taxes through credit cards, UPI, income tax refunds, mobile app

Income Tax Return: Today is the last day to file ITR using the existing e-filing site

In case you are ready to file your Income Tax Return (ITR) and have partly filled in the details, you have to complete the filing process today itself.

income tax, income tax return, ITR, e-filing site, ITR filing blackout, launch of new e-filing site

Health Insurance: What happens to a policy after death of an insured member?

With many policyholders are among Covid-19 casualties, it's important to know the effect of death of an insured person on an active health insurance policy.

health insurance, health insurance policy, death of insured member, Covid-19 pandemic, death of proposer, individual health insurance policy, family floater policy, insurance claim, nominee

How digitisation is changing the saving and investment behaviour of individuals

Demonetisation provided a digital thrust towards making India a less-cash society, while the Covid-19 pandemic highlights the need of transacting online.

digital payment, demonetisation, Covid-19 pandemic, Paytm, Google Pay, Phone Pe, Unified Payment Interface, UPI, Aarogya Setu app, CoWin app, RBI, Video-KYC products

Loss of purchasing power of capital invested: Immediate relief not in sight for FD investors

Currently, the average interest rate offered by reputed banks on FDs is hovering around 5.5 per cent, while the average rate of inflation is around 7 per cent.

fixed deposit, FD, bank FD, FD interest rate, inflation, rate of inflation, income tax, real rate of return, capital erosion, loss of purchasing power of capital invested, conservative FD investors, RBI, SBI

Income Tax Return: After May 31 you have to wait for new e-filing site; know what’s in store

If you are ready to file your Income Tax Return (ITR), you may file the return of income in the existing income tax India e-filing site till May 31, 2021.

income tax, income tax return, ITR, ITR filing website, new e-filing website, what are the features of new e-filing website, payment of taxes through credit cards, UPI, income tax refunds

Covid-19: How to deal with your personal finance concerns in such uncertain times?

The lockdowns imposed to contain the surge of Covid-19 infection have caused widespread economic disruptions due to closure or suspension of business activities in many organisations.

financial emergency, Covid-19 pandemic, Covid lockdown, personal finance concerns, emergency fund, insurance cover, life insurance, health insurance, credit score, long-term loan, immovable assets, debt to income ratio

Buy low, sell high vs buy and hold – which is best for investors?

The fluctuations in stock markets not only put the capital invested in equities at risk, but also provide opportunities to make gains on a daily basis.

equity, equity investment, long-term investment, short-term investment, daily trading, long-term money, borrowed capital, market crash, market recovery, Buy low, sell high, buy and hold, MF, SIP

Tips on how to be resilient when your investment is in crisis

To take advantage of the sentiments of daily traders, stock brokers providing trading accounts also offer money to the daily traders and often on a high rate of interest.

equity, equity investment, long-term investment, daily trading, long-term money, borrowed capital, market crash, market recovery, investing in dips, redeeming in ups

Diversification is an investor’s best friend in times of volatility. Here’s why

Despite stable performance of the companies in which investments are made, the market value of the shares would fluctuate along with the fluctuation in equity markets.

Diversification, market volatility, equity investment, market risk, default risk, stock market, Risk diversification, liquidity

Sovereign Gold Bond issue gives Akshaya Tritiya a miss: Here is how you may still invest in SGB

The first tranche of Sovereign Gold Bond (SGB) for FY 2021-22 narrowly misses the golden opportunity of encashing the gold buying sentiment on Akshaya Tritiya.

Akshaya Tritiya, gold investment, Covid-19 pandemic, lockdown, digital gold, gold mutual fund, MF, gold ETF, Sovereign Gold Bond, SGB, RBI, secondary market, interest on investment, capital gain tax

Planning to buy gold on Akshaya Tritiya? Know how digital gold scores over other forms of investments

The lockdown at several states this year due to the Covid-19 pandemic, however, has dampened the mood of gold buyers this Akshaya Tritia.

Akshaya Tritiya, gold investment, Covid-19 pandemic, lockdown, physical gold, digital gold, digital swiss gold, gold mutual fund, MF, gold exchange traded fund, gold ETF

New Age Investments: What helps millennials grow financially?

The traditional way of making investments through physical mode – filling application forms and depositing with cheques – hit a major roadblock last year due to nationwide lockdown.

Covid-19 pandemic, second Covid wave, nationwide lockdown, curfew, investments, new age investments, digital mode, millennials, fintech companies, demonetisation, digital payments

Facing hardship after job loss, salary cut? Here’s how to manage your savings and finances

After the nationwide lockdown last year, many States have imposed partial to full curfew/lockdown again this year to contain the second Covid wave.

Covid-19 pandemic, second Covid wave, nationwide lockdown, curfew, job loss, salary cut, financial hardship, food inflation, how to manage your savings and finances
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