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In the same month, Anju Bhavnani, mother-in-law of Deepika Padukone and mother of Ranveer Singh, acquired the adjacent apartment for Rs. 19.13 crore.
If you are an EPFO contributor and there's a family emergency, you can now withdraw a higher amount
NPS Vatsalya represents a significant advancement in India's pension system, aims to start early in safeguarding children's financial future. The Pension Fund Regulatory and Development Authority (PFRDA) will oversee the Scheme's administration.
NPS Vatsalya is a new pension scheme designed for minors. It allows parents and guardians to invest as little as ₹1,000 annually in a child’s future, making it accessible to families across all income levels.
While strategies like using multiple Permanent Account Numbers (PANs) or shareholder quotas might slightly improve allotment chances, the odds still remain slim.
This comes as bank deposit growth lags behind credit growth, leading to a decrease in net household financial savings
Credit cards help manage finances, especially for salaried individuals. Avoid mistakes like not checking your credit score, ignoring eligibility criteria, providing inaccurate information, and not reading terms.
Tax releif under section 89: If you have received arrears of salary pertaining to last year and this results in higher payment of tax in the present financial year then you can claim tax releif under Section 89. Read below to know more about income tax releif under Section 89.
The Indian mutual fund industry witnessed a significant drop in liquid and debt fund inflows in August, driven by liquidity shortages, tax payments, and rising overnight yields.
The UK Home Office has introduced the ETA scheme, which operates similarly to the US ESTA system
Starting September 20, 2024, an exit load of 0.25% will be charged if investors redeem their units within 7 days of investment.
Income Tax: Salaried employees can optimise their taxes by leveraging deductions such as 80C and 80D, and by making contributions to the National Pension System. Proper salary structuring and understanding investment taxation can further enhance post-tax earnings.
Gold prices globally remained steady on Tuesday, September 17. Spot gold was stable at $2,577.98 per ounce, slightly below Monday’s record high of $2,589.59 per ounce.
An initial investment of ₹10,000 would have grown to ₹3.39 lakh, compared to ₹2.82 lakh if invested in the benchmark index.
The merging scheme is scheduled to terminate on September 30, 2024, and the fund house believes this move will help investors remain invested in the current interest rate environment.
Das also indicated policymakers aren’t actively considering an interest rate cut in October
The new system reveals that it calls not just a paradigm shift in input tax credit and technological advancements but the commercial protocols for invoice approval and dispute resolution which may serve as a robust form of proof in potential legal proceeding, writes EY India's Saurabh Agarwal and Jasmeen Anand.
To prevent double taxation, India and the US have entered into a Double Tax Avoidance Agreement.
The benefit of indexation for the purpose of computing long-term capital gains, arising on or after 23 July 2024, has been removed for all taxpayers except under one circumstance
Both ETFs present opportunities for investors looking to diversify their portfolios, whether through exposure to momentum-driven stocks or low-risk, highly liquid instruments.
As of August 31, 2024, the fund’s assets under management (AUM) stands at ₹1,759 crore.
The government has directed all post offices to take immediate steps to identify such accounts and notify account holders of the approved rules via all channels. Here are the latest guidelines for Sukanya Samriddhi Accounts that investors need to follow.
A Demat account functions much like a bank account, but instead of holding money, it holds shares and securities electronically.
The Unique Identification Authority of India (UIDAI) has extended the free deadline yet once again, the deadline for uploading documents at no cost to modify an Aadhaar card.
UPI will now support tax payments up to ₹5 lakh per transaction.
If a nomination is not filed, requirements such as probate of will, succession certificate, legal heirship certificate, and no objection letters from other legal heirs would plunge the process into delays.
Bank Nifty September Futures contract has strong support in the 52,000-51,900 region
Under the Subhadra Yojana, eligible women will receive ₹50,000 over a period of five years.
Pepe Unchained ($PEPU) has reached a $13 million milestone in its presale. Built on a Layer-2 blockchain, it aims to ease network congestion, making it attractive to investors. The project has garnered significant attention and is expected to align with the next bull cycle this October.
Credit cards: You can follow these 6 key tips to improve your credit score over a period of time before applying for a credit card
Personal Loans: Be it something personal or something that you cannot afford to wait for, raising a personal loan is recommended. For instance, you could raise a personal loan to pay for a wedding, to spend on a foreign vacation, or to buy an expensive gift for your partner
As we welcome new investors, we must also consider the hurdles they may face. The variety of funds available today can be daunting even for experienced investors. This complexity presents a considerable challenge for newcomers, especially those with limited incomes who need more room for financial missteps.
One of major risks referred to by the Porter 5 Force model is how much is the entry barrier to any particular industry
Expected returns on National Pension Scheme is greater but PF provides stability in returns; It is optimal to have two asset classes in a goal-based portfolio viz. equity and bonds
Cryptocurrencies are volatile, but holding them long-term can yield high returns. Pepe Unchained, Crypto All-Stars, and Shiba Shootout are three emerging altcoins with strong utility potential. Pepe Unchained focuses on Layer-2 blockchain for meme coins, Crypto All-Stars offers multichain staking, and Shiba Shootout combines play-to-earn gaming with meme coin appeal.
Several countries offer post-study work visas to students after completion of their education programme.
A bad credit score can increase the interest rate on your bank loan or decrease the loan value you're eligible for. Therefore, it's essential to understand how to improve your credit score.