rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance. VNB refers to the profit that an insurer is likely to garner from new business, which comes from policies sold in a particular period. VNB margin is the profit margin of the insurer.
Marico's January-March quarter (Q4) results were slightly better than consensus. Revenue was up by 1.7 per cent year-on-year (Y-o-Y) to Rs 2,280 crore. Ebitda grew by 12.5 per cent Y-o-Y to Rs 440 crore. Adjusted PAT was up 10.3 per cent Y-o-Y to Rs 320 crore.
'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
From taxation of EPF contributions to new wage code, life won't be the same in FY22.
It's that time of the year again when one needs tobegin calculating their tax liabilities.
'I am shocked that the BJP makes so many commitments. What did they deliver as the NDA?'
Tax planning is a coherent part of any financial plan
Tax Guru Anil Rego answers your personal income tax queries.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
If salaried, do early homework on your tax-saving investments.
rediffGURU Nikunj Saraf suggests considering small-cap, mid-cap, and multi-cap mutual funds.
Joe Biden, seeking a second term in the White House, stumbled in his first televised presidential debate with his predecessor Donald Trump, setting off alarm bells among top Democrats about whether the incumbent President can stay atop in the gruelling months ahead of the elections.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
Even if a company does not invest, it will improve liquidity of banks.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.
Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.
The stakes are significant for the BJP in this round as the party had in 2019 won an overwhelming majority of these seats, including all in Gujarat, Chhattisgarh, Bihar and Madhya Pradesh, that will go to polls on May 7.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
If an individual invests in the specified tax saving schemes of the government, the effective tax-free income limit will be Rs 650,000 a year.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'
According to tax experts, the restructuring would lead to a much lower tax outgo on dividend distribution.
'The BJP is racing against its opponents by putting a chain on their legs.'
Polling is scheduled in all 20 seats of Kerala, 14 of the 28 seats in Karnataka, 13 seats in Rajasthan, eight seats each in Maharashtra and Uttar Pradesh, six seats in Madhya Pradesh, five seats each in Assam and Bihar, three seats each in Chhattisgarh and West Bengal, and one seat each in Manipur, Tripura and Jammu and Kashmir.
'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
Investment options that can help you minimise your tax outgo and stash that little extra away for a rainy day.
Tax experts G Srikanth and Anil Rego will answer all your tax queries in two different chats between 1 pm and 4 pm on Monday, February 3.
The Dabangg star, who has been providing assistance to those in need amid the ongoing pandemic through his charitable trust, on Monday posted a statement on his social media handles.
Govt may tighten presumptive taxation norms and also do away with some deductions.
It is best to invest long-term surplus in stocks or equity mutual funds.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
New filers reported an average income, in many cases, close to the income tax threshold of Rs 250,000, limiting the early revenue impact.
rediffGURU Kirtan A Shah answers your personal finance queries.
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