To make the most of your vehicle, use the age-old 20/4/10 personal finance rule, suggests Bindisha Sarang.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
'You should always maintain an allocation to gold as it has the ability to counterbalance any correction in the equity market.'
Make sure you read the policy wording. Some policies cover pre-existing diseases while others don't. Many need a minimum 24-hour hospitalisation, advises Bindisha Sarang.
Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.
Choosing the right wallet is crucial, alerts Bindisha Sarang.
'Investors with as little as Rs 1 can start investing in digital gold.'
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
If you are scouting for a property, finalise the deal within the next seven months and benefit from this measure, suggests Bindisha Sarang.
If an ITR is not filed or the tax due is not paid on the deceased person's behalf, there can be penal consequences.
Only those who stick to the old I-T regime will get this benefit.
Those who have an insurance policy need to check its clauses to determine if it covers home care treatment, advises Bindisha Sarang.
A car that gives you a better resale value will reduce the cost of your next purchase, points out Bindisha Sarang.
You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.
Investors should keep updating their personal and bank details with fund houses. They should also opt for the auto-pay facility so that the dividend proceeds get credited into their account directly, advises Bindisha Sarang.
EPF allows partial withdrawal to meet situations like house construction, medical emergency, and so on.
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
Ensure that you get a high sum insured. Also, make sure the policy covers the cost of implants (pacemaker, stent, etc), and pre and post-hospitalisation expenses.
There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.
'If you miss the deadline, you can still file a belated tax return till March 31, 2021, with a fee under Section 234F, which could be up to Rs 10,000, in addition to an interest under Section 234A and 234B of the Act.'
'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'
Cheque payments will be safer; the limit for contactless card transactions hiked.
There can be as many as six co-applicants in a joint loan.
Most taxpayers will benefit from being in the old tax regime, assuming they optimise their salary for tax benefits and claim the deductions available to them.
Annual premiums do not exceed what you readily shell out for an OTT subscription.
Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.
Almost all banks that issue contactless cards provide users with a 100 per cent liability cover.
If your total EMI payments exceed 35-40 per cent of your monthly income, use these strategies to avoid a Squid Game like debt trap, suggests Bindisha Sarang.
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
You can reduce your tax burden by wisely using partially taxable allowances, suggests Bindisha Sarang.
There are four simple ways to link PAN to Aadhaar; make the most of the deadline to avoid hassles later, explains Bindisha Sarang.
The new AIS is expected to make the taxpayer's task of filing ITR easier and faster, points out Bindisha Sarang.
When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.
Many would have racked up debt this Diwali, using credit cards and consumer loans. Here are a few simple steps on how to fix your financial mess, says Bindisha Sarang.
Be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.
Bindisha Sarang takes a look at Vodafone's RedX and Airtel's new plan.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
'If you are ready to stomach the loss, you may invest 3-5 per cent of your portfolio in crypto assets.' 'Of this, 80-90 per cent should be in Bitcoin.'
The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
With the wedding season already in full swing, a few things to keep in minutes financially when tying the knot, advises Bindisha Sarang.
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