Reserve Bank Governor Sanjay Malhotra on Saturday said that the market forces decide the value of rupee with respect to the US dollar and the central bank is not worried about day-to-day movement of the currency value.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
rediffGURU Samkit Maniar answers readers' personal income tax queries
The systematic withdrawal plan stands out as a superior option, providing steady income despite market fluctuations and inflation, says Ramalingam Kalirajan.
rediffGURU Mahesh Padmanabhan answers readers' personal income tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
A taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for the new income tax regime and pay less tax than they gave in the old regime, a senior finance ministry officer said on Wednesday. The Income Tax Department has arrived at the figure after making due calculations for ensuring a "hassle-free and less tax rate" filing regime for the assessees, he said. Union Finance Minister Nirmala Sitharaman, while presenting the Budget for 2023-24, said the government has made the new income tax regime more attractive for taxpayers bringing "substantial changes" in its structure for the benefit of the middle class.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Systematic Withdrawal Plan, or SWP, can help you achieve your financial goals. Ramalingam Kalirajan's step-by-step guide on how to effectively use an SWP.
Start your journey to financial freedom today. Ask your questions and let our experts show you the way to a secure and prosperous future.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Vanuatu offers citizenship to people who are willing to invest $150,000 in the country.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Investors having a moderate-risk profile can use these funds in their retirement portfolios.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Here's unlocking the real story behind your EPF's 8.25% interest and what it truly means for your retirement kitty.
Assam Chief Minister Himanta Biswa Sarma says most of those present with singer Zubeen Garg in Singapore during his death have yet to respond to CID summons, and addresses related political accusations.
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
rediffGURU T S Khurana answers readers' personal income tax queries.
During the first US presidential debate, moderator Chris Wallace asked Trump about The New York Times report which revealed that Trump paid $750 in federal income taxes in 2016 and 2017 and also he had paid no income taxes at all in 10 of the previous 15 years starting in 2000.
The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.
'First-time investors, busy professionals, NRIs and those with modest sums looking for curated strategies may find FoFs especially appealing.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
Union minister Anurag Thakur said that "one should take complete information and sometimes many issues come up that are far from truth..."
Former India captain Mahendra Singh Dhoni has become the highest individual income tax payer in Jharkhand for the financial year of 2017-18.
An individual can avail tax deduction on the amount spent during the year on a deferred annuity for self, spouse, or child.
EMI means you've already spent tomorrow's income; SIP means you're investing today's income to secure tomorrow, explains Ramalingam Kalirajan
The Income Tax Department has detected "concealment of income" to the tune of Rs 17 crore after recent raids on institutions linked to former Maharashtra home minister Anil Deshmukh and his family members, official sources claimed on Monday.
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
The new income tax regime for filing returns has been "sweetened" in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a "reduced" tax rate, CBDT chairman Nitin Gupta said. Speaking to PTI during a post-Budget interview, Gupta said the intent of the government while announcing the new slabs and rates under the new tax regime is to gradually "do away with deductions and exemptions" so that the "long-standing demand of reduction of taxes for individual taxpayers and entities can be met." Finance Minister Nirmala Sitharaman, while presenting the Budget 2023-24 in the Parliament on Wednesday, said the government has made the new income tax regime more attractive for taxpayers and has thus brought about 'substantial changes' in its structure for the benefit of the middle class.
'Once filed, it cannot be revised or rectified.'
Reliance ADA Group chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) in Mumbai and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Ambani, 64, deposed at the office of the federal agency in south Mumbai. Ambani's statement was recorded as part of a fresh case filed under various sections of the Foreign Exchange Management Act (FEMA), the sources said without elaborating.
The suspected undisclosed income in these cases could reach as much as Rs 15,000 crore.
Notably, Pakistani journalist Ali, cited the BBC documentary on the 2002 Gujarat riots and said he "regretted" that no US official had criticized it, while the US State Department highlighted the close relationship between the two countries, especially over shared values.
