One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
Health insurance coverage should be hiked periodically to keep pace with medical inflation, or increase in healthcare costs.
Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.
'If you are investing in a Ulip for returns, go for a type I Ulip.' 'If you are investing for insurance cover as well, type II is better.'
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
'Even for operational buildings, we are looking to smarten them in various ways.'
Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
Rebalance the portfolio at least once a year to ensure it remains in sync with the target asset allocation.
Postpone the purchase of big-ticket consumer durable items, recreational spending on holidays, and other such expenses unless your financial position is very secure, advises Sarbajeet K Sen.
Bundled products often come with restrictions. The customer also gets locked into two products at the same time. This reduces flexibility.
In India, younger workers willing to work at lower salaries are easily available, so you could find yourself out of a job before 60. Therefore, save for retirement with urgency, advises Sanjay Kumar Singh.
K Arvind Rao, a 1977 batch Indian Police Services officer, is the new director general of Andhra Pradesh police. He succeeded R R Girish Kumar, who retired on Tuesday.
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
An income tax tribunal held that the PoA could not be construed as an instrument of transfer concerning any right, title, or interest in the immovable property.
Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
Sooner the investors shift, the better it is as a majority of equity funds have single-digit returns since January 31.
Those earning over Rs 50 lakh a year need to disclose all jewellery and cash in their returns, says Tinesh Bhasin.
He is the former head of OnMobile, a mobile value-added services firm. He had resigned from the company in July over a 'corporate governance issue.
Don't forget to ask for quarterly audited statement of transactions in your account. This will make it easier for you to calculate your tax liability and pay it on time.
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
A normal assessment notice is served under Section 148.
To address this, OnMobile Global, a leading provider, is de-risking its business model by growing its international business.
Bangalore-based OnMobile, a telecom value-added services provider, has acquired France-based Voxmobili, a software solutions provider, for an undisclosed amount.
Given that the ETF has given exceptional returns over the past year, start small and buy more in a staggered manner.
US-based telecom software company OnMobile in which Infosys holds about 14 per cent stake, is in talks with Silicon Valley investors to raise up to $100 million to fund the company's future expansion plans.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
Cooperative societies get more tax benefits as compared to individual house owners.
If a couple is registered as joint owners of a property, the tax authorities expect both of them to show their income or capital gains from the house in their tax returns, says Arvind Rao, a chartered account and certified financial planner
Raise in NPS entry age gives seniors another retirement-saving option but they should invest at least Rs 50,000 to avail of the additional tax benefit scheme provides, reports Sanjay Kumar Singh
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
The department gets data of high-value transactions under the Annual Information Return.
Employees are often under this impression that as the employer has deducted tax at source, they need not file income tax (IT) returns.
The 35-year-old fails to understand how to decide whether a particular scheme should be kept in one's portfolio or not.
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