'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'The Ashes are on the line here, if that is not motivation, I don't know what is.'
IMAGES from the football matches played across Europe on Sunday.
The accused Vikram Athwal (40), who was doing housekeeping work over the last one year in the residential society, and the victim used to argue over petty issues, the official said when asked about the possible motive behind the crime.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.'
Section 54EC bonds give positive returns, despite a lock-in and tax on interest income.
Hostel owners said such steps to make their premises "suicide proof" are crucial to avoid tragic incidents.
Do you know what short-term capital gains tax is? When do you have to pay this tax? Is it different for shares and other physical assets?
Jio's spectrum trading pact with Airtel has enabled India's largest telco to top-up its holding in three key circles and yielded potential savings of about $400 million, according to a report. It is pertinent to mention here that Reliance Jio has signed an agreement with Bharti Airtel to acquire a portion of spectrum in 800 MHz band for Andhra Pradesh, Delhi and Mumbai circles at an aggregate value of Rs 1,497 crore -- marking the first such deal between the two telecom giants that otherwise compete fiercely in the market. Market analysts have termed the deal "mutually beneficial" and "win-win for both". UBS in a note cited Jio's spectrum buys in the 800 MHz band in Andhra Pradesh, Delhi and Mumbai in the recently-concluded auctions.
The equity cult has grown at a rapid pace in India in the last few years, with retail investors latching on to the stock markets like never before. At 126.6 million, the number of dematerialised (demat) accounts, where investors hold their securities in electronic form for trading purposes, are at record high levels. The growth rate, on an annualised basis, stood at 27 per cent in 2022-2023, up from barely 6 per cent a decade ago.
Three takeaways for individuals living in a global society today, where misinformation and disinformation are rife.
"No, she will not make me the PM," was Dr Pranab Mukherjee's cryptic response in a reference to Sonia Gandhi when he was asked by his daughter Sharmistha Mukherjee about his chances of becoming the prime minister in 2004.
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Australia blanked England while South Africa and Bangladesh showed their bowling prowess with mighty wins over Zimbabwe and USA respectively. In the 16th-place play-off, Afghanistan fought off a spirited USA side to win a low-scoring thriller.
Jeetega Bharat has selected 125 Lok Sabha seats across the country where it will assist the Opposition alliance.
The early bird results for the January-March quarter of 2022-23 (Q4FY23) show a pick-up in earnings growth, despite a slowdown in revenue growth, thanks to a decline in input costs and lower provisioning for bad loans by banks. The combined net profit of 66 companies that have, so far, declared their quarterly results was up 15.2 per cent year-on-year (YoY) in Q4FY23, an improvement from 4.3 per cent YoY growth in Q3. Net sales growth of these companies, however, slowed down to 11.5 per cent YoY in January-March 2023, the slowest rate in eight quarters.
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
Images from India's first T20I against Australia in Visakhapatnam on Thursday.
Defence Minister Manohar Parrikar wants the Modi government and BJP to reap the profit of the surgical strikes. But electoral history suggests a political party's ability to exploit military successes for poll gains has a mixed record.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
Section 54F permits investment of consideration in maximum two properties and not more.
If there is one lesson we get from Depp vs Heard, it is that the American legal system is deeply flawed and the court of public opinion and social media make it harder for victims to get justice, observes Aseem Chhabra.
Shivam Dube carried his rich recent form into domestic circuit cracking a rapid fifty but Shreyas Gopal's four-wicket haul ensured that Mumbai were bowled out for 251
'If Modi-Shah had not changed the leadership, one section would have parted ways with the BJP for sure.'
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
Always remember to check whether the recipient of the charity has valid 80G approval
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Results of some blue-chip companies exceeded expectations, providing additional thrust, traders said.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
The Government of National Capital Territory of Delhi (Amendment) Bill, 2023, which will replace an ordinance promulgated for handling the transfers and postings of senior officers in the city government, was passed in the Lok Sabha on Thursday amid a walkout by opposition parties.
India tops the world with 11% of global deaths in road accidents while we have only 1% of the world's vehicles.
An argument used for removal of this exemption is that it is used to launder black money and bring it in as clean tax paid money by manipulating the price of less liquid shares in the market, says Harsh Roongta.
Vice president of Madhya Pradesh Bharatiya Janata Party, Usha Thakur, said Monday that problems like sexual harassment arise because of the compromise with "moral values" and resorting to "short-cuts".
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Brahma, Vishnu, Shiva, Ram, Laxmi, stories from the Hindu epics are seen in carvings, paintings and murals, as well as recognisable figures from mythology, like Garuda, Sheshnag, Nandi and Apsaras, notes Deepa Gahlot, savouring the beauty of Cambodia.
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