'Legally clean farmland is difficult to find. It requires time, money, and legal effort to verify the title.'
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising exemption limit and rejigging slabs. For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs 75,000.
Finance Minister Nirmala Sitharaman on Saturday unveiled 'transformative' tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for middle class.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Tax experts answer your budget-related queries
Some of the key names include: Maruti, M&M, Ashok Leyland, Britannia, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance," according to a report by Motilal Oswal Financial Services.
The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, helping reduce out-of-pocket patient expenditure and better adherence to medication.
Your decision to invest in capital gains bonds or otherwise should be determined by your risk appetite and investment objective among others.
Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.
Victory wrested from regime that only listens when forced, the TMC said on GST exemption on insurance.
The rising tide of Indian nationalism meant that the people of princely states now were keen to become a part of a united and integrated India rather than remain subjects of a princely state. The Congress too supported the people's wish and it fell upon Patel to get the princes to agree. He did so magnificently, using every trick available, whether it was sweet talk or coercion; the rulers buckled and Patel earned the eternal gratitude of the entire nation.
As the calendar year comes to an end, employees are asked to file investment declarations to their companies.
Despite similar tax treatment, debt MFs enjoy certain advantages over FDs.
Talking to reporters in New Delhi, Angmo challenged authorities to an open debate on the allegations, including those suggesting links to Pakistan, and said neither she has been able to contact Wangchuk nor has she been provided with formal documents detailing the charges against him by the administration.
At the end of the day, this isn't about choosing between EMIs and SIPs. It's about choosing your path to financial freedom.
In case you are not aware, the guidelines governing such investments are a lot different this year. And lethargy on your part to rework your investment plan could cost you dear.
'The outlook for the next Samvat is more constructive, as many of the earlier drags are gradually becoming supports.'
Tax-saving funds are a key part of any portfolio that is designed for the Rs 100,000 investible limit as defined under Section 80C.
India's entry-level 5G smartphone segment, typically held to be those priced below 10,000, is set to bustle in the upcoming festival season as brands like HMD, Poco, and Lava launch their products.
France today increasingly resembles the Italy of the past, when governments fell with bewildering regularity, prime ministers came and went in rapid succession, and political instability became the norm rather than the exception, point out Krishnan Srinivasan and Manoj Mohanka.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
We do not realise is that many a times we are investing to "only" save tax, when a lot more can be accomplished with the same amount of money. Here we discuss how this is possible.
'Do exhaustive research and then select the one that best fits your budget and requirements.'
Learn to track your ITR's progress and correct any errors.
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
Young investors with a higher risk appetite are better off with a combination of term insurance and equity funds.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
The choice of tax regime dictates how your income will be taxed. If you don't make the right pick, you might end up losing money.
Sometimes, it is better to pay them instead of making unwanted investments.
Do you know of some good equity linked saving schemes that will not only help you save taxes but give decent returns. Get Ahead tax expert Mahesh Padmanabhan tells you about these and how to plan to save your taxes.
In an hour-long chat on rediff.com on Thursday, direct tax expert Vikas M Gandhi offered some valuable tax-saving tips.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Several changes were made to the new income-tax regime in Budget 2023. The old income-tax regime was not tinkered with and is still available.
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