BUSINESS
Financial planning made easy: Government to share income data with intermediaries in real time
Tax planning for individuals may get a boost as the government prepares to share the income and tax liability data of individuals with tax and investment planning portals on a real-time basis. But first, there might be a privacy hurdle to cross.
PERSONAL-FINANCE
Can’t afford gold jewellery? This jeweller may have an alternative
Fractional ownership might just become an option to buy gold jewellery. Nishit Nanda, executive director at Khimji Jewels, says jewellers may soon start co-ownership schemes to make gold jewellery more affordable
BUSINESS
How to cushion yourself against the RBI’s sudden rate hike and a high EMI burden
After the RBI’s sudden 40-basis-point repo rate hike on May 4, your home loan tenure might increase by three years. This time, switching banks and shopping for interest rates might not help.
BUSINESS
Akshaya Tritiya 2022: Buying gold jewellery has become easier with hallmarking rules
There are multiple ways to buy gold this Akshaya Tritiya. Ask yourself if you wish to wear your jewellery or just want to buy it as an investment. If it’s the latter, paper gold would be an easier option
BUSINESS
General insurers see growth in EV insurance demand, but safety concerns could push up premiums
For insurers, the electric vehicle insurance segment is work in progress and the recent incidents of fire have added to pricing complexities. Brace yourself for higher EV premiums if the recent string of battery problems continues
BUSINESS
Despite OLA EV scooter recalls, Adarsh Agarwal of Digit Insurance says EV premiums may fall
Manufacturers like Okinawa, Pure EV and Ola have recalled 7,000 electric two-wheelers, which shows that they are stepping in to ensure that human lives are saved and a crisis is averted in the electric vehicle industry, Agarwal said.
BUSINESS
Akshaya Tritiya 2022: Selling old gold jewellery? Getting cash in return is difficult
On the day gold prices peaked in March, Moneycontrol visited 25 jewellery shops. All refused to buy gold jewellery. That puts a question mark on whether gold is ornamental or an investment; something to consider this Akshaya Tritiya 2022
BUSINESS
Explained: What affects your credit score
Applying for a loan at too many places or frequently maxing out credit card affects your credit score.
BUSINESS
Single women can avail taxation benefits for adopted children
Most tax benefits available for ‘family’ is available for adopted children, but gifts from all relatives may not be tax-free for the adopted child
BUSINESS
Your life insurance claim would be valid in the case of death due to war: What you need to know
However, read your policy’s fine print as there could be certain exceptions. Also, add-on covers aren’t usually allowed.
BUSINESS
File income tax return by due date or pay double TDS
Shortening the window of tax filing status for higher TDS deduction poses issues galore
BUSINESS
Students returning from Ukraine may find limited support from their overseas travel policies
Students may not be able to file claims under their insurance policies for any medical treatment, evacuation or study interruption
BUSINESS
How to choose between the new and old income tax regimes
Since we are in the midst of the tax-saving season, it is a good time to revisit your tax-saving strategy and ascertain which regime suits you the best
BUSINESS
All you need to know about filing updated income-tax returns proposed in Budget 2022
The move would be helpful for the taxpayers who may have inadvertently missed out on disclosing any income while filing their tax returns
BUDGET
Union Budget 2022 | Six money changes that finance minister did not spell out
Tax deduction for donation can be rejected; higher TDS levied if you don’t file tax returns
BUSINESS
Budget 2022: Updated tax returns can be filed if some incomes are missed
One can file an updated return within two years from the end of the assessment year
BUSINESS
Income-tax portal glitches and errors haunt last-minute tax filers
Many chartered accountants say that they didn’t receive the acknowledgement for the returns that were filed on December 30 and 31, 2021
BUSINESS
Cancelled your holiday plans due to Omicron? Your travel insurance claim may not be paid
Your claim will not be processed if you decide to cancel your travel bookings due to the fear of contracting COVID-19
BUSINESS
Why the new income tax regime has few takers
Those who claim deductions of at least Rs 2.5 lakh a year have stuck to the old tax regime
BUSINESS
Holidaying abroad? Use a Rupee-denominated card to save on charges
A Rupee card works better than credit and debit cards
BUSINESS
Want a hassle-free holiday abroad this Christmas? Take care of these money matters
The best way to pay when travelling abroad is through a forex card. These are cards that are denominated in foreign currencies
BUSINESS
Taxpayers receive notices: Data mismatch between annual information statement and Form 26AS the reason
Those who didn’t have the AIS information available before November, and filed their returns only based on Form 26 AS, have been receiving notices
BUSINESS
Is your school-going kid an entrepreneur? Be aware of the tax angle
Sachin Tendulkar started earning when he was 16. He was using his own talent. Under such circumstances, his income cannot be clubbed with the highest earning parent
BUSINESS
Child-preneurs are raking in moolah. Here's how to put your money to good use
From making perfumes to baking, kids are utilising their holidays to set up successful and lucrative ventures. Now comes the equally challenging part; where to invest? Here’s what we suggest.
