Personal Finance Print

Your queries: An individual needs insurance cover that is 10-15 times one’s annual income

Price of insurance policies online and offline differs from company to company and from product to product.

Insurance News

Tax talk: Here are rules for TDS on non-residents’ payments

The Central Board of Direct Taxes notification dated October 27, 2018 has introduced the online filing of application for lower deduction of tax (i.e. Form 13) and let’s hope obtaining the certifica

Income Tax News

Here’s all you wanted to ask about PM Awas Yojana and home loans

Carpet area of the house under these schemes should up to 30 sq. mts. for EWS beneficiaries and up to 60 sq. mts. for LIG beneficiaries.

Money News

Home Loans: It just got harder to get a loan from an NBFC

While banks have the same eligibility criteria, it can differ in case of NBFCs. They have different criteria for salaried and professionals and it depends on the income of the borrower and other outst

Money News

Unaccounted cash in bank locker? Taxmen may knock at your door

There is no bar in keeping the cash in the bank lockers but it may attract investigation by the income tax department. Tax officials may require explanation to understand the source of every receipt o

Income Tax News

Investment planning: Factors that determine investors’ risk appetite

A policy statement helps understand an investor’s risk appetite and determine financial goals accordingly

Money News

How external-benchmark impacts loan pricing

NBFCs/ HFCs will need to follow banks to offer floating rate loans linked to external benchmarks

Industry News

LIC needs to strengthen the alternate channels of distribution, says former MD and CEO of LIC of India

First, the distribution effectiveness has to be increased so that insurance penetration improves substantially.

Money News

Income Tax: Minor’s income is clubbed with that of parent with higher total income

Minor’s income is clubbed with that of parent with higher total income.

Money News

Mutual Funds: Your insurance agent may now sell MF, pension products, FDs

The insurance regulator has proposed to relax norms for registration of insurance marketing firms to improve penetration and sell other financial products, too.

Money News

Decoded: How mid-cap and small-cap investors should react to market volatility

This market is going to reward efficiency so focus more on companies with above industry average OPMs. State-owned banks should be avoided as the extent of bad loans and recapitalisation are still not

Money News

Data analytics: How data-driven decision-making is transforming organisations

Robust enterprise-wide data analytics capabilities help organisations develop new products and services or optimise existing ones, utilise assets better, increase operations efficiency and improve cus

Industry News

How to pay TDS online on purchase of property above Rs 50 lakh

However, TDS needs to be deducted @ 20%, if the deductee does not furnish PAN.

Income Tax News

Correction makes risk-reward favourable

The worst-case scenario has been priced in; crude recovery and gas price hike could boost earnings; upgraded to ‘Buy’.

Industry News

Loans: Raise dispute with CIBIL/lender for wrong credit details

The onus of providing correct information to CIBIL lies with the credit institutions.

Markets News

Mutual funds: Don’t let market volatility put a stop to your SIP

One of the most important points to note before embarking on the investing journey, especially in the equity markets, is that market movements must not make you emotionally weak and not bring any doub

Money News

RBI unlikely to tinker with interest rates now

With recent inflation readings coming in much softer than expected, the MPC is likely to hold policy rates for now.

Money News

3 Keys: Mutual Funds planning for children’s needs, house and post-retirement life

Strategic investments in mutual funds can help build retirement corpus, make down payment on your home loan and finance your child’s education expenses.

Money News

Are you aware of these new PAN rules? All you need to know

The revised rules for application for allotment of PAN comes into force from December 5

Money News

Hindu Undivided Family: What is a HUF and how is it taxed

When any HUF consist of only husband and wife, there is only one co-parcener and in such case income can’t be taxed in hands of HUF. It will be taxed in the hands of individual co-parceners

Hindu Undivided Family, HUF, taxfor HUF, whats is HUF, Hindu law News

Buying insurance from agent? Top 3 things you should always keep in mind

With mis-selling quite prevalent in the insurance industry, it is good to do some fact-checking on the agent and the policy before signing on the dotted line

insurance, insurance tips, insurance company, how to buy policy, online policies,  insurance industry News

Equity strategy: Factoring in political risks

We believe equity market valuations, now hovering a little above their long-term averages (still expensive), have seen the froth out.

Markets News

Life Insurance: Opt for a term plan until your retirement age

A term policy is one of the most cost effective methods to ensure your loved ones are adequately protected at all times,and is a must for any earning individual.

Money News

Fixed income: Should you go for NBFC fixed deposits? All you want to know

While higher interest rates offered by NBFCs may lure retail investors, they must first look at a company’s credit ratings, assets and liabilities and record of servicing debts

Money News

Income Tax: Second self-occupied house is assumed to be let out and rental income taxed

As per Section of Income-Tax Act 1961, only one house can be considered as a self-occupied property and the other one shall be assumed to be let out.

Income Tax News

Five tips to help match your investments and financial goals

Divide your goals into three ‘savings buckets’: Short-term goals, mid-term goals and long-term goals

Money News

SIP investment: Why you need to accept losses

If your tolerance is low in a falling market, learn to overcome your fears when things get bad. Otherwise, you will miss the opportunity of investing when prices are indeed low

Money News
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