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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

SBI MCLR, SBI home loans, SBI home loan interest rates, MCLR, Mark-up, EMI, bank's MCLR News

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.

How to become rich, how to become rich in India, how to become rich and famous, saving money, investing, spend money, how to become crorepati News

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.

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, income tax proposals, ITR, ITR Filing, income tax rates, income tax slabs News

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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ESIC rate cut not to hit benefits under employees’ state insurance scheme

The rate of ESI contribution has been reduced to 4 per cent from 6.5 per cent. The contribution of employer is now 3.25 per cent of wages payable to employee and that of employee is 0.75 per cent.

General insurer, June quarter. insurance, New India Assurance, Oriental Insurance, United India industry news

Stock Market Investment: Why doctors may invariably be great stock traders

The most rewarding skill a trader can possess is the ability to deal with uncertain live market conditions and to be prepared for the unexpected surprises that may be thrown up to him.

stock market, share market, Stock Market Investment, doctors, stock traders, News

Credit card for super rich: IndusInd Bank launches super-premium IndusInd Bank Celesta American Express Credit Card

Credit cards: This super-premium credit card may suit those who are making international trips, visiting premium dine-in restaurants or spending time at the golf grounds.

Credit Card: The super-premium credit card comes with a complimentary personal air accident cover of Rs 2.5 crore. Credit card,super-rich, IndusInd Bank Celesta American Express Credit Card, IndusInd Bank Celesta, American Express Credit Card , joining fees, annual fees, Loss of passport News

Budget 2019: Government plans to stop cash deposits in bank accounts without the consent of account holders

Budget 2019-20: It was proposed in the Union Budget 2019, that the government takes necessary steps to prevent the deposit of cash, without the knowledge of the account holder into their bank accounts

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ITR Filing for FY 2018-19: 5 important things taxpayers must consider before filing income tax return

Start preparing for your ITR filing well before the July 31 deadline to avoid last-minute glitches and late filing penalties.

ITR filing, ITR Filing for FY 2018-19, itr e filing, ITR status, itr filing 2018-19, ITR filing last date, income tax return, Form 16, Form 26 AS News

Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1

Union Budget 2019: From the beginning of the financial year 2020-21, the entire lump sum NPS withdrawal made at the time of retirement at the age of 60 years will become tax free.

Budget 2019, National Pension System, NPS, Central Government employees, 80C benefit, NPS Tier-II contribution, tax-free NPS withdrawal News

Budget 2019: Tax friendly proposal for this mutual fund category; Check details

Budget 2019 India: The Fund of Funds is a mutual fund scheme which invests in other mutual fund schemes but does not directly invest the investor's money into the assets such as debt securities or equ

Budget 2019, Nirmala Sitharaman, budget for higher education, HECI, UGC, HRD Ministry, latest budget news  News

Budget 2019: 5 conditions before you can avail additional tax benefit on home loan interest

Budget 2019 India: The FM has proposed an additional deduction of Rs 1.5 lakh for the interest paid on the home loan for residential house property. But, there are certain conditions to be fulfilled b

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, home loan interest, section 80EEA News

Budget 2019: How individual taxpayers will get impacted; Here’s all you need to know

Budget 2019 India: To achieve the aforesaid objectives, following are some of the changes which would have an impact on individual taxpayers:

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