BUSINESS
Tax filing: Wrong ITR form, faulty disclosure of crypto gains, foreign assets could land you in a soup | Simply Save
Failure to disclose crypto gains, income and foreign stock holdings, interest income or any other source of income could lead to notices for non-disclosure from the income tax department. To know more about the mistakes that could land you in a soup, Moneycontrol spoke to Mayank Mohanka, Partner, SM Mohanka and Associates. Listen in
BUSINESS
How your employer can help you earn additional tax breaks through NPS
Employers’ contribution to corporate NPS of up to 10 percent of your basic salary can fetch you tax benefits under both the old and new tax regimes.
BUSINESS
North India floods: IRDAI asks insurance companies to fast track claims
Insurers will have to appoint nodal claim officers, set up district-level claim desks and minimise documentation requirements
BUSINESS
How to File Income Tax Returns Before 31 July? A Complete Guide
The last date for filing income tax returns for FY 2022-23 is July 31, 2023 (assessment year 2023-24). Filing return is mandatory if your income exceeds the basic exemption limit. You need to be aware of the documents required, and which form you should choose.
BUSINESS
North India floods: How to file insurance claims for your damaged car
In the case of cars being swept away due to torrential rains, you will have to file an FIR for loss of vehicle. Typically, the vehicles will be located after a few days. If not, this will be treated as a total loss and insurers will pay out the insured declared value (IDV) of the car. If it is located and the cost of repairs is more than 75 percent of the IDV, again, amount equal to the IDV will be paid out.
BUSINESS
Last chance to opt for higher EPS pension is July 11: Here’s what you should do
Numerous hurdles such as lack of the option to withdraw the application if not satisfied with EPFO’s calculations, limited access to past salary data, and no return of investment option take some of the shine off this scheme. Still, it can be beneficial to some
BUSINESS
Majority of insurance-buyers find products & processes to be complex: Policybazaar study
Affordability and complex clauses constitute key barriers to health insurance purchase, while higher premiums and desire to ‘invest’ in return-generating products impeded life insurance purchase decisions, a survey conducted by online insurance broking firm Policybazaar has found
BUSINESS
MC Exclusive: When are interest rates likely to fall? April-June 2024, says ICICI Prudential Life’s fixed income head
The Reserve Bank of India is likely to keep the rates unchanged for a longer period. It will embark on the journey of rate cuts only in the first quarter of FY2025. Even then, it could be shallow, not more than 50-75 basis points, says Arun Srinivasan, Head, Fixed Income, ICICI Prudential Life Insurance Company.
BUSINESS
Critical illness standalone covers or riders: Which one to pick?
BUSINESS
TCS of 20% on credit cards put on hold, forex cards get Rs 7-lakh exemption
BUSINESS
How to avoid disappointment when making an insurance claim | Simply Save
BUSINESS
Looking out for lower interest rates on home loans? A good credit score helps
BUSINESS
MC Exclusive: Common hospital network, health claims exchange and deeper penetration can minimise claim hassles, says IRDAI chief
BUSINESS
Exclusive: New commission rules will benefit policyholders & insurance firms: IRDAI chief
BUSINESS
MC Exclusive | Coming soon: A digital platform that standardises health insurance claims processes, says IRDAI chairman Debasish Panda
BUSINESS
Seeking higher EPS pension? You have only five more days to apply
BUSINESS
LIC launches Dhan Vriddhi, a single premium guaranteed endowment policy
BUSINESS
Income tax returns: Claiming tax deductions without proofs can backfire, warn CAs
BUSINESS
MC explains: Why third-party motor insurance is critical for all vehicles on the road
BUSINESS
Now, insurance cos can launch group Ulips, combi plans without prior IRDAI nod
BUSINESS
Does life insurance make sense without tax benefits?
BUSINESS
Higher pension calculation: Should you opt for higher pension per EPFO’s new formula? It’s complicated
BUSINESS
Higher pension calculation: EPFO announces formula for calculating higher pension on actual salary
BUSINESS
Tax filing: Oops...Your Annual Information Statement might have crucial errors | Simply Save
