BUSINESS
Relief for house owners, can claim nil tax on two self-occupied properties now, without conditions
The Budget has also simplified the annual value of self-occupied property
BUSINESS
Mutual funds observing non-business day on Feb 1, orders placed today will get Monday's NAV
Exchange-Traded Funds (ETFs) on the other hand, will be open for business, as stock markets are open.
BUSINESS
Budget 2025 wish list: Increase senior citizens' basic exemption limit to Rs 10 lakh, provide relief on health premium deduction
Deduction on health insurance premiums paid by senior citizens or their children on their behalf should be raised from Rs 50,000 to Rs 1 lakh, say industry-watchers.
BUSINESS
Mutual funds crucial in channelling domestic savings for risk capital formation, says Economic Survey
The rise in retail participation through mutual funds is reflected in the doubling of unique investors from 2.9 crore in FY21 to 5.6 crore as of December 2024, the Economic Survey said.
BUSINESS
Unifi MF files for its first fund with SEBI, a dynamic asset allocation fund
Dynamic asset allocation or balanced advantage fund is the biggest category in hybrid funds with net AUM of Rs 2.86 lakh crore through 34 schemes as of December 31
BUSINESS
SEBI clamps down on finfluencers: Here’s how to pick the right financial advisor for you
Picking a financial advisor is not an easy task. An advisor’s true worth is realised only after a few years, depending on how your investments have weathered the market volatility and whether your financial goals are achieved
BUSINESS
Will FM Nirmala Sitharaman scrap the old, with-exemptions tax regime in Budget 2025?
Though the government is incentivising a shift towards the new tax regime, it is unlikely that the old regime will be scrapped entirely, say tax experts. This is because a section of tax-payers does benefit from this with-exemptions tax structure. However, it might not be retained once the Income Tax Act is revamped.
BUSINESS
ITR filing: Did you miss the extended January 15 deadline? You can still file 'Updated' returns
ITR filing: An updated income tax return can be filed by a taxpayer to correct any mistakes or omissions in the original or belated return. However, such returns cannot be filed to claim tax refund or reduce tax liability. The process can be completed within two years from the end of the relevant assessment year.
BUSINESS
Crypto industry seeks regulatory clarity and tax relief on capital gains from Budget 2025
The year 2024 saw a significant growth of crypto assets, marked by Bitcoin surpassing the $100,000 level and a surge in institutional investment.
BUSINESS
Extended Jan15 ITR deadline: Revise your income tax returns today to claim tax rebate under Section 87A
It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted errors in their submitted returns, to file belated returns or revise them.
BUSINESS
US fires a developing situation, too early to estimate insurance loss figures: Swiss Re
India’s economic growth is creating risk hotspots in states such as Gujarat, Maharashtra, Tamil Nadu and Delhi with high concentrations of industrial clusters, which are vulnerable to natural calamities such as floods, cyclones or earthquakes, a Swiss Re report said.
BUSINESS
Markets continue to slide: What should mutual fund investors' strategy be?
Looking ahead, experts believe that it's essential for investors to remain vigilant and adapt to the shifting market landscape. They believe that the market may move away from low-growth, low-quality segments towards companies with strong fundamentals and sustainable growth prospects.
BUSINESS
Budget 2025: Introduce separate tax benefit for term insurance, increase health premium deduction limit, say top insurance officials
Insurers also want FM Sitharaman to consider extending the additional Rs 50,000 tax exemption for NPS contributions to pension plans from life insurance companies too
BUSINESS
Budget 2025: Include HRA in the new tax regime, raise standard deduction to Rs 1 lakh, urge experts
Also, the return-filing process needs to be simplified for NRIs, who are facing several challenges as tax refunds are not credited to their overseas bank accounts.
BUSINESS
Wait until I-T portal glitch is resolved before revising returns, CAs tell tax-payers
At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under section 87A, even if their income is below the basic exemption limit, as the updated utilities are not calculating the amount automatically.
BUSINESS
Nearly half of health insurance policyholders faced full or partial claim rejection in last three years: Study
What ought to be a cause for concern for the insurers, and more importantly, IRDAI, is that eight in ten policyholders were convinced that their claims were delayed by design
BUSINESS
Looking ahead @ 2025: Gold may continue to sparkle, but focus on asset allocation, not past returns, say experts
The asset class delivered stellar returns in 2024, as international gold prices rose close to 27 percent in 2024, but retail investors would do well to adhere to their asset allocation. Financial advisors recommend a 10-15 percent exposure to gold for retail investors’ portfolios.
BUSINESS
IRDAI annual report: India’s insurance penetration dips from 4% to 3.7% in 2023-24
Life insurance penetration in India declined from 3 percent in 2022-23 to 2.8 percent in 2023-24, while general insurance penetration remained unchanged at 1 percent
BUSINESS
Didn’t submit your tax returns by July 31? Don’t miss the Dec deadline for late filing
Also, taxpayers who have noticed errors in their original income tax returns can revise the same by December 31.
BUSINESS
Moneycontrol Fintech Conclave: AI and insurtech to drive efficiency, personalisation and penetration, say insurance industry CEOs
Insurtech can ensure cost optimisation, minimise mis-selling by enabling product suitability analysis and demystify insurance to deepen its penetration in the country, say insurance leaders.
BUSINESS
Switching jobs? Don't forget these critical financial tasks
Changing jobs can bring new financial opportunities, but it also requires careful planning. Learn how to update your tax withholdings, manage your employee benefits, and make the most of your salary increase.
BUSINESS
Advance tax: As the third installment is due on Dec 15, here’s why you must adhere to the deadline
Individuals whose estimated tax liability is likely to be over Rs 10,000 in a financial year are required to pay advance tax that year.
BUSINESS
These travel credit cards offer air, hotel, dining deals, & more
These cards also offer perks such as lounge access, accident cover, and more. But come at a cost.
BUSINESS
Credit card limit reduced? Here's what might have triggered it
Banks may reduce credit card limits due to various reasons, including defaults on repayment, increasing delinquencies and more. If your limit is reduced, contact your bank's customer care to understand the reason and take corrective action.
