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Centre introduces provision of taxation on NPS in Income Tax Act

The provision that the withdrawal from the National Pension Scheme is taxed to the extent of 60 per cent has been introduced into the Income Tax Act, 1961 (‘Act’) vide Finance Act, 2016 by inserti

Money News

Rubique signs corporate agency agreement with Bajaj Allianz General Insurance

Increasing its gamut of services, Rubique, the one-stop online marketplace providing technology enabled end-to-end solutions to financing needs of individuals and SMEs, has now extended its product po

Money News

Here’s what Lok Sabha members get as salaries, allowances & other benefits

Article 106 of the Constitution of India provides that the members of either House of Parliament shall be entitled to receive salaries and allowances as may from time to time be determined by Parliame

Money News

NPCI disburses over Rs 245 cr worth of prize money for NITI Aayog’s Lucky Draw Schemes

National Payments Corporation of India (NPCI), the umbrella organisation for all retail payment systems in the country, has announced that over Rs 245 crore worth of prize money has been disbursed to

Money News

NFO: Here’s all you need to know about DSP BlackRock FMP – Series 210 – 36M

DSP BlackRock FMP – Series 210 – 36M is a close-ended income scheme which is suitable for investors who are looking for income over an investment horizon of approximately 36 months and want to get

Money News

9 best mutual fund categories you can invest your money in to achieve your financial goals

Mutual fund schemes are one of the best investment avenues which can help you achieve your financial goals. You can invest your money in mutual funds through the systematic investment plan (SIP) mode,

Money News

Mutual funds see record Rs 3.43 lakh cr inflow in FY’17

Investors pumped in a record Rs 3.43 lakh crore in mutual funds (MFs) in 2016-17, mainly into income and liquid schemes. According to the Association of Mutual Funds in India (Amfi) data, a net of Rs

MF News

Want to use Truecaller for digital payments? 10 things to know

Truecaller Pay lets users create their unique Virtual Payment Address (VPA) in the Truecaller app, and can instantly send or receive money using any Unified Payments Interface (UPI) supported bank.

Money News

Stocks vs Mutual Funds: Which is a better bet?

Investing is basically the art of buying assets which are at a discount to their intrinsic value and selling them when they become expensive. This activity involves a difference of opinion with the se

Money News

Still paying higher interest rate on home loan? Here’s what you should do

Although the Reserve Bank of India again preferred to keep the key policy rate unchanged at 6.25 per cent in its recent policy review, this move is unlikely to make much difference to the softening le

Money News

Naspers-owned PayU India raises Rs 802 crore

Eyeing a bigger slice of the digital payments market pie in the country, Naspers-owned fintech company PayU India has raised Rs 802 crore from its parent MIH India (Mauritius) Limited and PayU Global

Money News

At Rs 94,421 cr, net inflows into equity funds highest in 10 years

Net inflows into equity funds for the financial year 2016-17 stood at Rs 94,421 crore, the highest in last ten years.

Money News

TCS, Infosys, Wipro, Q4 preview: Overhang of seasonality likely; HCL Tech is top pick

Company managements’ comments on FY18 could be one near-term trigger for stocks; HCL remains the top pick

Money News

Want to invest in stocks, mutual funds? Here are top tax tips to know

Short-term gains on sale of equity shares are taxed at 15% while short-term losses can be set off against any capital gains

Money News

7 simple steps to becoming your own financial planner

In India, investing has always meant buying a physical asset like gold or a piece of land. However, with changing times, investing patterns are shifting. Indian investors are now moving towards sophis

Money News

NFO: Here’s all you need to know about Reliance Fixed Horizon Fund – XXXIII – Series 9

Reliance Fixed Horizon Fund - XXXIII - Series 9 is a close-ended income scheme. An investor may get moderate returns during the tenure. The investments will be made in debt, money market and G-sec ins

MF News

Settling EPF claims through mobile phone to be a reality soon

Nearly four crore members of retirement fund body EPFO will soon be able to settle their claims like EPF withdrawal through mobile application UMANG. "The Employees' Provident Fund Organisation (EPFO)

Money News

Pune, Hyderabad and Chennai to drive office demand in 2017

The pan-India office vacancy in 2016, at 15%, was the lowest in eight years. On the back of positive office space demand from sectors like manufacturing, logistics, FMCG, consulting firms, etc., the y

Money News

GOLD ETF Investors exit gold ETFs, withdraw Rs 775 cr in FY17

Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs 775 crore from the instrument in the last fiscal, making it the fourth consecutive financial year of outflow. Ass

gold, ETF, SPDR Gold Shares, Rosland Capital, Donald Trump, Bullion News

Here’s how mutual funds performed in FY2016-17

The mutual fund industry has given positive returns in the last financial year 2016-17. Compared to the previous financial year, where the equity category witnessed a net inflow of Rs 54,960 cr compar

MF News

Here’s how parents can generate pocket money for their children

Giving your children their pocket money is a great way to help them learn how to manage money. However, there is also need to plan your children's pocket money to avoid the excess burden you may face

Money News

10 common mistakes people make while filing I-T returns

If you are a salaried individual, your taxes are automatically deducted and paid to the government. If you make income through business or profession, you pay income tax four times a year. But when it

Claim Income Tax Refund, claim tax refund, tax refund, file claim for tax refunds, income tax return, precautions, TDS News

Submitting fake rent receipts? Now, ITAT says HRA exemption can’t be availed on “sham” documents

An Income Tax Appellate Tribunal bench here has held that an assessee cannot be granted exemptions on house rent allowances (HRA) against "sham" rent payments, like the one made to one's parents suppo

Money News

SEBI requirements for mutual funds

The Securities and Exchange Board of India (SEBI) is mandated to protect the interests of investors in securities, and to promote the development of and to regulate the securities market.

MF News

1401 NRIs joined NPS during financial year 2016-17

The Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations were notified in the year 2016. The objective of the Regulations is to provide a framework for eligibility of Ret

Money News

How realty and retail investors will gain from Real Estate Investment Trusts

The Reserve Bank of India’s move to allow banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) is being viewed by industry experts as a huge positiv

Money News

How GST will impact the wallet of the common man

Since the passing of the GST Constitutional Bill by the Rajya Sabha in August last year, the country has been preparing itself for the new tax regime. The new GST law is India’s biggest tax reform i

Money News
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