Money

Dream home: Why you should not shy away from a home loan

Before sanctioning a loan, a bank will verify that the property has a clear title, is free from encumbrances, technically sound and meets its valuation standards thus eliminating any chances of fraud

In addition to your identity and residence proofs, income and tax-related documents the bank will ask you to submit all the legal documents related to the purchase of the house (Illustration: Shyam Kumar Prasad) News

Income Tax Return 2019: Don’t blindly rely on pre-filled ITR Form; correct discrepancies, if any before submission

Income Tax Return e-Filing for AY 2019-20: Pre-filled Income Tax Return (ITR) Forms are of great help for the assessees as they need not enter all the information in each and every place of the form.

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Budget 2019: Key policy changes, tax reforms that will shape the future of NPS and insurance sector

Budget 2019 India: Here are the key aspects from the economic survey and the Union Budget and amendments proposed in the Finance (No.2) Bill 2019, as is relevant for the NPS and the insurance sector.

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Tax Alert! Income tax department cautions employees on Form 16

TRACES enables viewing of challan status, Form 16 or Form 16A as well as viewing of annual tax credit statement i.e Form 26AS.

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Turning 25? Follow these money tips as you step into the Big, Bad World!

Here are a few money-making moves that you can make by the time you are 25, by saving as well as investing.

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Budget 2019: Direct tax collection target fixed at Rs 13.35 lakh crore; is achievable, says CBDT chairman Pramod Chandra

Budget 2019 India: The I-T department had collected Rs 11.37 crore under the direct taxes category during the last fiscal of 2018-19 and the finance ministry had initially set the target for this year

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Are you waiting to fall ill to get health insurance cover? You might get rejected by the insurance company

Various companies have disease-specific plans, such as those for cancer and diabetes. Critical illness plans offer cover even after the insured have been diagnosed with any of the listed critical illn

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New car insurance rules decoded: Impact analysis

What the new guidelines implemented by IRDAI pertaining to motor insurance actually means and how should a policyholder take cues before buying insurance.

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Senior Citizen Fixed Deposits: SBI Vs ICICI Vs Axis Vs HDFC Vs Small Finance Banks; Get up to 9.2% return

Other than top banks like Axis, SBI, ICICI, and HDFC, small finance banks over the past few years have started offering high deposit rates.

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SBI cuts MCLR but your home loan EMI may not come down soon

Existing borrowers may not feel the positive impact of the MCLR coming down immediately as the MCLR linked home loan has a reset-period which is generally one year from the date of commencement of the

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Pre-filled ITR Form: Here’s all you need to know about this new initiative of I-T Department

In order to make the tax compliance process more convenient, pre-filled income tax returns will be provided to individual taxpayers by the Income Tax Department.

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Gifts received from specific relatives are not taxable – check details

As per Section 10(4)(ii), interest income earned on NRE account is tax exempt if account holder is treated as a person resident outside India under Foreign Exchange Management Act (FEMA).

Prepayment of home loan does not entail any specific benefits whereas benefit on repayment of the home loan is provided by I-T Act. News

Investment tips: How portfolio choice can help you make money in volatile times

During market volatility, an investment portfolio constructed by optimising expected returns based on the level of market risk would be effective

According to Markowitz, the process of selecting a portfolio is an important activity. One must carefully chose the shares or assets in the portfolio. The shares must be selected on the basis of how each asset will impact others as the overall value of the portfolio changes (Illustration: SHYAM Kumar Prasad) News

Car insurance: Know which modification can lead to an increase in premium

Before making any critical changes in your car like upgrading the breaks and suspension of your car to improvise the car performance, it is important that you inform the insurer.

Also, while making modifications to the car’s interior like steering, pedals and sound system, you need to inform the insurer (Illustration: SHYAM Kumar Prasad) News

Real Estate Update: New launches growth in Mumbai falls from 220% to 22%; Check other pain points

Knight Frank India has come out with a report on a comprehensive analysis of the residential and office market performance across eight cities for the period of January – June 2019.

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Sukanya Samriddhi Yojana : With high tax-free return of about Rs 74 lakh, it’s still a blessing for your daughter

Post Office Small Savings Schemes still offer high rates compared to similar products offered by other financial institutions, and that too with Sovereign guarantee from the Government of India.

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Debt Mutual Funds: Is higher Yield to Maturity = Higher Returns?

While investing in debt funds, it has been observed that investors typically chase high returns by selecting funds which have high Yield to Maturity.

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Just became an NRI? 6 important finance, tax, deposit and investment decisions to take

Once a person moves abroad, a change in his residential status has direct impact on his financial life. Here is a list of some of the crucial financial steps required on becoming an NRI.

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E-Filing ITR: Here is how to file income tax return online

ITR Filing: If the return is not uploaded with DSC, the ITR-V Form should be printed, signed and submitted to CPC within 120 days from the date of e-Filing.

ITR Filing, ITR filing process, income tax return, ITR, ITR last date News

How to become rich: It’s not what you earn, but what you spend that matters

Saving and investing money is as important as making money. What you do with your income today determines what you can do with it tomorrow.

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Investing in debt funds? Go for high credit quality portfolios

Equity funds are inherently more risky than debt funds, as is evident from the volatility that they have historically subjected investors to.

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Mutual Funds: Now invest in CPSE ETF to save tax under Section 80C

Experts say with tax benefits like ELSS, CPSE ETFs will be attractive for individual investors for creating long-term wealth.

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Govt working to create trust between taxpayer, Income Tax department, but due taxes must be paid: CBDT

The government is working to create an environment of trust so that there is no "adversarial relationship" between taxpayers and tax department, but believes that the onus of paying due share of taxes

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Sovereign Gold Bond Scheme 2019-20 Series II opens for subscription; 10 things you need to know

The Series II of the Sovereign Gold Bond Scheme 2019-20 is open for subscription from 8th July to 12th July 2019. It is priced at Rs. 3,443 per gram with Settlement Date being 16th July 2019.

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Budget 2019: List of income tax proposals for taxpayers

Budget 2019-20: The Interim Budget in February has proved to be in the taxpayers best interests, which led to taxpayers having their hopes pinned high for the Union Budget 2019.

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Mirae Asset Midcap Fund NFO is open now: Should you invest in it?

Opened on July 8, the NFO will close on July 22, 2019, but the units of the fund will be available for continuous sale and repurchase from July 30, 2019.

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Budget 2019: From Rs 1,17,000 tax to nil tax; Here is how it is possible now

Union Budget 2019 India: Finance Minister Nirmala Sitharaman didn't increase tax slabs or 80C deduction limit, but imposed additional surcharges instead on taxable income of over Rs 2 crore.

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