Rental income taxed in hands of legal heir on death of owner

For transfer of lease in case of death, the rental income will be taxed in the hands of the legal heir to whom the property has been transferred.

Investment Planning: How gold can help balance equity risks in portfolio

While negative correlation is rare to find, gold is the perfect candidate for diversification as it has close to zero and sometimes negative correlation with the equity

Average income of salaried, non-salaried & corporate taxpayers rises over last 3 years, says CBDT

The number of and average income declared by salaried and non-salaried categories of taxpayers in the country have increased over the past three years, the CBDT said on Monday.

Net direct tax collection grows 15.7% to Rs 4.89-lakh cr, says CBDT

The Central Board of Direct Taxes (CBDT) is the policy-making body for the Income Tax Department (ITD).

Post Office senior citizen savings schemes Vs Bank FDs: Latest interest rates; Which option is smarter?

The recent hike in interest rates in Post Office Senior Citizen Savings Scheme (SCSS) and bank FDs have made the instruments more lucrative.

Number of crorepatis has risen by 60 per cent in India, says CBDT

Releasing key statistics of income tax and direct taxes for a period of about four years, the policy-making body of the IT department said the number of individual taxpayers earning over Rs 1 crore an

Mahindra Finance fixed deposits: Earn up to 8.75% interest; Here’s how

If you are looking for fixed deposits which offer higher interest rates than those offered by bank FDs and are also willing to take some risk, then fixed deposits offered by NBFCs may be a good option

Beware! Your nominee may not get the insurance money after your demise; Here is why

Nomination is nothing but to ensure that in case of the demise, the insurance money gets out of the insurance company and goes to someone you trust.

Equity Mutual Funds: As markets fell in September, here’s how MFs did across categories

Equity mutual funds across categories have shown negative returns in one to six months' time-frame. Here we are taking a look at the category-wise performance of various mutual fund schemes.

Number of Taxpayers goes up by 70%, collections down by 34% in April-August period – interesting details here

E-returns filed by individual taxpayers grew 70% annually to 5.4 crore in the April-August period of the current financial year.

Consumer Finance: Liquidity issues to cast shadow over growth

FY19-20e EPS for NBFCs cut 2-13%; despite correction, there’s need to be selective; MMFS, BAF are top picks.

Going for pre-approved credit cards? Here’s what you need to know

Buy a pre-approved credit card only after scrutinising its details, terms and conditions, and only when you truly require one.

RBI likely to keep rates on hold in rest of FY2019

Expect average IIP growth to moderate to around 4.1% in H2FY19 as against 5.1% in H1FYF19

Term Insurance: Should you go for a lumpsum or staggered payout plan?

When you buy a term insurance plan, it comes with the option of receiving the total sum assured either as a lump sum or in the form of staggered payouts. Which one should you choose?

Mutual funds’ exposure to banks hits 3-month low of Rs 1.88 lakh crore in September

Mutual funds' holding of banking stocks declined by over Rs 21,600 crore to Rs 1.88 lakh crore in September, driven by the correction in equity markets.

How to become rich: Here are some simple steps to building wealth over long term

Like all the good things in life, even wealth creation takes its own sweet time. The sooner you begin, a bigger corpus can be created.

Atal Pension Yojana: PRFDA seeks Centre nod to double pension limit to Rs 10,000, relax upper age limit

To make the Atal Pension Yojana (APY) more attractive, the Pension Fund Regulatory and Development Authority (PFRDA) has sought the government’s nod to double the guaranteed minimum pension under th

Good news for investors! Stocks likely to rise over next 60 days

A host of upcoming catalysts behind the good outlook; recent fall makes short-term valuations compelling; ‘OW’ retained.

10 bad financial habits every investor should overcome this Dussehra

Given the gaining importance of financial markets in our daily lives as well as in our efforts to build capital for future security, it would be a good idea to look at 10 bad financial habits which on

No insurance cover to persons suffering from congenital anomalies, Delhi HC seeks IRDAI explanation

The Delhi High Court has asked the Insurance Regulatory and Development Authority (IRDAI) to "explain the reasonableness" of not granting insurance cover to people suffering from congenital anomalies.

How to track your Mutual fund expense ratio in the wake of new Sebi decision

After the Sebi board meeting, expenses of your fund will come down only if it is higher than the permissible limit.

HDFC Life, SBI Life and other large private life insurance players grow stronger

HDFC Life saw 20% y-o-y growth in individual APE and similar growth in overall APE in Sept 2018

Tax evaders beware! Revenue authorities identifying potential cases of tax non-compliance

Income Tax Department is analysing the deposits made during the demonetisation period. Accordingly, suspicious transactions are being brought under scrutiny and notices are being issued.

Pay LIC monthly, but get yearly-mode discount! How to enjoy auto-pay with extra returns on every installment

The Auto Premium Payment Service or APPS is just a system to pay premium automatically, so all the benefits of your LIC policy will remain intact.

Top 11 things to look out for when selecting the best payment gateway

While all payment gateways may look similar and claim to be the best payment gateways, you need to carefully evaluate the options available based on your specific requirements.

How to understand your credit card statement and avoid penalties

Thoroughly understanding your credit card statement is not difficult, but how you react to the listed information is very important.

Bajaj Finance hikes FD rates; get up to 9.1% return – Check the details

Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv, has increased the rate of interest of its fixed deposits, with effect from October 17, 2018.

Switch to Hindi Edition