Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'They are a poor fit for anyone with near-term goals, low volatility tolerance, or a need for steady income or liquidity.' 'First-time investors should typically avoid them.'
Investors having a moderate-risk profile can use these funds in their retirement portfolios.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
The net collections for Corporate Income Tax (CIT) showed a growth of 19.2 per cent and Personal Income Tax (PIT) at 18.6 per cent.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
'Earnings growth will be the main driver of India's market in 2026, with profits expected to rise 9% to 10% in H2 FY26 and accelerate to 12% to 15% in FY27.'
Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing and spur employment. India's growth unexpectedly slowed to 5.4 per cent in the second quarter, due to low capital formation, weak consumption, besides adverse weather impact.
Can this growth in GST collection be sustained in the coming years? asks A K Bhattacharya.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
By acting now, you can step into 2025 with your finances in order and without unnecessary penalties.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
From the 30-share blue-chip pack, ITC Hotels, IndusInd Bank, Mahindra & Mahindra, Sun Pharma, UltraTech Cement and NTPC were among the biggest gainers. Titan, Kotak Mahindra Bank, Nestle, Asian Paints, HCL Tech and ICICI Bank were among the laggards.
Mumbai leads the list of cities with highest tax collections, say the tax figures of the first nine months of this fiscal.
The July-September quarter (Q2) business update on revenue by FSN E-Commerce Ventures (Nykaa) was well received by most investors and the share price surged over 6 per cent, driven by one block deal. Even after Wednesday's minor dip, it was still higher at Rs 257.50 as compared to Monday's close of Rs 255.55.
'Having a separate healthcare corpus is extremely important even for those already covered by health insurance.'
An Income-Tax Department internal committee reviewing the old direct tax law to pave the way for a new one has "largely" received suggestions for "simplifying" the language, better "structuring" the provisions and enlarging the ambit of schemes like presumptive taxation, CBDT chairman Ravi Agrawal said Sunday. Speaking to PTI during a post-Budget interview at his North Block office, Agrawal said the panel also "studied" the deliberations and processes of countries like the UK, Australia and some others where a similar tax law simplification exercise was undertaken.
The Income Tax notice was recovered from the house of Baljeet Kaur at Shahabad in Kurukshetra in Haryana where Papalpreet and Amritpal had taken shelter on March 19 and 20 before fleeing from there.
Here's unlocking the real story behind your EPF's 8.25% interest and what it truly means for your retirement kitty.
'I believe the modified scheme is much more beneficial and simpler.'
First thing an average citizen thinks about before any Budget is about income tax.
No changes in the rates of personal income tax., which will remain as they are currently.\nNo new taxes on income.
'First-time investors, busy professionals, NRIs and those with modest sums looking for curated strategies may find FoFs especially appealing.'
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
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.
'Do exhaustive research and then select the one that best fits your budget and requirements.'
When and how you can access EPF money before retirement without jeopardising your long-term retirement savings.
'Experts and stakeholders have raised concern over the refund provision in the draft Bill. That was a drafting error, which will be rectified,' a government official said.
Personal income tax, corporate tax, wealth tax, were all up. Securities Transaction Tax collection declined by 12.46 per cent.
Banks offer a wide range of group insurance plans -- personal accident, health, hospital cash, home insurance, credit protection, and critical illness.
'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
The party has contested the reassessment proceedings, claiming they were barred by limitation.
Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.
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