rediffGURU Vivek Lala answers your income tax and personal finance queries.
Gukesh follows in the footsteps of Anand, the only other Indian to win the Candidates
By evaluating their loan rate against the best available every year, borrowers can achieve considerable savings over the entire tenor, suggests Sanjay Kumar Singh.
While most borrowers calculate the gain they stand to make from switching to a lower interest rate, they often fail to take into account all the costs.
The Congress and the National Conference on Monday announced they will fight the Lok Sabha polls in Jammu and Kashmir, and Ladakh, in alliance, with both parties contesting three seats each.
Taxpayers with old, outstanding taxes will benefit from the CBDT's new scheme.
CreditSights has dialed back on its language on debt levels at richest Indian Gautam Adani's group but has maintained that the group's leverage is elevated. In a new note published after discussions with the group's management, CreditSights, a Fitch group firm, said it "has discovered calculation errors" in its recent debt report on two Adani Group companies but these did not change its investment recommendations. On August 23, CreditSights stated that the Adani group was "deeply over-leveraged" and may "in the worst-case scenario" spiral into a debt trap and possibly a default.
Shares of Le Travenues, which operates online travel booking platform ixigo, soared 78 per cent on their market debut (June 18) and surged 80.4 per cent in the three days over their issue price. Ixigo has joined competitors EaseMyTrip and Yatra on the bourses. Analysts believe the blockbuster response to ixigo may lead to greater scrutiny of the financial performance of other online travel aggregators (OTAs) like Easy Trip Planners, and Yatra Online.
'If equities perform well in a year, withdraw money from equities. If the equity market is down, shift withdrawal to the debt portion.'
Announcing that the health of Chandrayaan-3's Lander Module is normal, ISRO on Friday said that the module has successfully undergone a deboosting (slowing down) operation, taking it closer to the Moon.
He argued that if inflation is low, stable and moving towards the 4 per cent target, why has the RBI not revised downward the bank rate fixed in June 2023?
Tax Guru Anil Rego answers your personal income tax queries.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
Market chatter suggests that the BJP could win fewer than 300.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
When you are under social, peer, parental, sibling, marital pressure to buy a house direct them to this article, says P V Subramanyam
With inflationary expectations on the rise, bankers feel that interest rates would go up further in the coming weeks.
'Israel is counting on the United States to enter the fray on their behalf and perform destructive strikes against these targets that are beyond Israel's conventional capabilities.' 'They may well get their way if they start a war, because the United States is still committed to Israel's security, and it won't matter whether it is Trump or Harris in the White House.'
The spacecraft will now prepare for separation of the lander module -- comprising the lander and rover -- from the propulsion module.
The BJP has fielded Uttar Pradesh Public Works Minister Jitin Prasada from Pilibhit replacing Gandhi.
India failed to extract the 'price' from Pakistan for its Kargil misadventure.
The price could have been military in terms of loss of territory/soldiers/equipment or destruction of terrorist training infrastructure. Giving a 'face saving' option to Pakistan proved disastrous for the future, asserts Colonel Anil A Athale (retd).
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
The high court said he was a very powerful and influential person within the power corridors of the Delhi government as he had the responsibility of 18 portfolios in the city dispensation.
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
At present, the interest is calculated on the minimum balance held in the account from the 10th of each month to the last day of that month. So, if a bank customer has Rs 1 lakh in his savings account one day and then Rs 100 another day, the minimum balance taken for calculation of interest in the period would be Rs 100. But, from April 1, 2010, the interest will be paid on the daily minimum balance. This means even the Rs 1 lakh balance will earn the customer interest.
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs 60,000 under the previous interest exemption of Rs 2 lakh.
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.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
Prime Minister Narendra Modi on Saturday advised students to remain focused on their goals and not to judge their life through the prism of success or failure.
The Supreme Court on Wednesday said the Centre should implement "as soon as possible" the interest waiver on loans of up to Rs 2 crore under the RBI's moratorium scheme in view of the Covid-19 pandemic, saying the common man's Diwali is in the government's hands.
Salaried persons whose liability is fully deducted as tax deducted at source by their employer need not worry about advance tax payments, unless they have other sources of taxable income.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Banks can also allow the depositors to deposit their gold directly with the refiners.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
Inspired from a real life incident, this is the story of how Aarti buckled herself up after her divorce and rebuilt her financial life.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Grandmaster D Gukesh threw one salvo after another to beat world No. 1 Magnus Carlsen of Norway, Levon Aronian of Armenia and eventually reigning world champion Ding Liren of China on the first day of the Weissenhaus Chess Challenge that got underway in Wangels (Germany).
On higher amounts, banks are allowed to offer differential rates to depositors.
