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.
'Clients deemed higher-risk are required to update their KYC more frequently.'
While near-term performance is difficult to predict after a huge run-up, fund managers believe the PSU theme's prospects remain sound over the medium to long term.
If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.
'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
Since MAAFs invest across multiple asset classes, they offer diversification.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
Enhancing your credit score is the key to improving loan eligibility and securing a favourable interest rate.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
Investors can sell a part of the stocks, mutual funds, exchange-traded funds, and other securities held in their portfolios at a loss and use this loss to offset tax on the capital gains made on the sale of other securities.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
Opinions vary, but fund managers remain bullish.