'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
The choice of tax regime dictates how your income will be taxed. If you don't make the right pick, you might end up losing money.
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
Investors should use a mix of active and passive funds.
If you fail to make the lump sum deposit before April 5, do so at least before the 5th of the next month (May). That way you will only lose out on the interest for April.
Don't solely focus on tax-saving alone.
If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
Customers who possess gold jewellery but are either being denied a personal loan or are being asked for a high interest rate due to their poor credit profile may consider a gold loan.
LTA can be claimed only for domestic travel and is available for two journeys within a block of four years.
In numerous instances, family members are unaware of an insurance policy's existence, let alone its details.
An individual can avail tax deduction on the amount spent during the year on a deferred annuity for self, spouse, or child.
Taxpayers with old, outstanding taxes will benefit from the CBDT's new scheme.
'If equities perform well in a year, withdraw money from equities. If the equity market is down, shift withdrawal to the debt portion.'
Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
Understanding tax residency rules and maintaining proper documentation is imperative to ensure smooth tax compliance.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
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