'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
Streedhan refers to gifts, money or property that a woman receives before her marriage, at the time of her marriage, during childbirth or widowhood, primarily from her parents, relatives or in-laws.
Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department.
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
'Filing a nil ITR serves as a formal declaration to the tax authorities that your earnings fell below the taxable threshold in the given financial year, and you had no tax liability during that period.'
These are usually found among small and midcaps. It is not easy to find such stocks, especially after a strong bull market, discovers Debashis Basu.
'Expect our food delivery business to deliver sustainable adjusted EBITDA margins of about 5 per cent in the medium term.'
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
Long-term investors should never stop their SIPs during market corrections.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
Many investors, who have made money in the rising market of the recent past, are pulling out of equity funds, believing that they can earn more by investing directly.
Fight the high season and ridiculous prices with these simple and easy travel hacks.
'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
Managing your own money is empowering. And if you haven't started yet, now is the perfect time!
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
If you fail to make the lump sum deposit before April 5, do so at least before the 5th of the next month (May). That way you will only lose out on the interest for April.
These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks.
Do not get repair work started without informing the insurer as the latter like to carry out end-to-end verification of damages and documents before approving a claim.
Income Tax department have released different tools to help you file your ITR-3 form easily.
Do you want to save more but feel helpless about your spending habits? It is a dangerous situation as it may lead to debt and keep you away from meeting your financial goals.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
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.
The Scottish capital of Glasgow is set to be announced as the host city of a "scaled down" Commonwealth Games in 2026, a year after Australian state Victoria pulled out due to ballooning costs, according to reports.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
Consider a combination of a base policy and a super top-up policy.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
A rider is a supplementary cover which can be purchased with the base policy by paying an additional premium.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
A crucial point anyone purchasing health insurance must heed is the need to declare PEDs.
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
With hotels and restaurants being barred from levying service charge, waiters, chefs and other workers are worried they will lose out on money and are planning to approach managements to seek a pay raise. They are also apprehensive that tips given by customers out of goodwill will dwindle. Uttarakhand-native Prakash Singh Koranga, 27, a chef who works at an outlet of popular franchise Moti Mahal Deluxe restaurant in south Delhi, said service charge which gets proportionally divided among the staff acts as an "extra income" and "incentive to give our best at the job".
A good plan is a great help when on vacation.
'Use this money to build an emergency fund if you do not have one.'
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