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There are some pivotal issues to keep in mind when you buy a term plan so that the claim is not denied.
Existing home loan borrowers have two options to cope with rising interest rates. Increasing the tenure doesnât burden your monthly outgo, but banks might not allow it if the repayment period goes past your retirement age
Government bond yields rises significantly over the past 12 months and may peak out soon. But Indiaâs real yields outperform most emerging markets. This creates a short-term opportunity and prospect of making healthy medium-term returns
RBI is expected to pause the rate hiking cycle in the February meeting and will maintain the repo rate at 6.25 per cent for extended period. It might also change the policy stance to neutral.
A fundâs past performance is an inadequate measure. You need to look at other factors to filter and shortlist the funds that you want to add to your portfolio.
Investors need to remember that in the long term, markets move higher and hence they need to focus on what they can control, which is how much, where and for how long to invest.
Covid-zero policy and rising interest rates in the US led to a loss of appetite for Chinese stocks. But a recent reversal in its Covid policy and possibly peak infection rates have brought about rejuvenation in China.
Scrapping or slashing of Goods and Services Tax (GST) on insurance premiums, making pension/annuity proceeds tax-free, and creating a separate category for tax deduction for premium paid are some of the budget wishlist of Indian insurers.
The monetary caps on certain exemptions and deductions were fixed many years ago and are long overdue for rationalisation. This will help bring them in line with the high inflationary trends witnessed in the last few years.
Premium for a term insurance plan is higher but it will be more useful.
The finance minister can announce measures in Budget 2023 that can lower the tax bill of senior citizens who are reeling from high inflation. The lower tax bill will allow them to manage their household budget better.
It highlighted that the tax rebate on purchase of self-occupied house which currently stands at Rs 2 lakh needs to be enhanced to Rs 5 lakh with the wider scope of consumption expenditure such as purchase of more than one house, purchase of car, along with other durables
In todayâs markets, there arenât many other things you can turn to as a long-term safe havenÂ
Union Budget 2023: Guided by various policy considerations over the years, capital gains taxation in India has become a complex maze. At present, there is a lack of consistency in tax rates or holding periods of different types of instruments falling within the same asset class. For instance, the sale of listed equity shares or units of equity-oriented fund attracts a 10% long-term capital gains (LTCG) tax and the holding period for the long term in this case is 12 months.
Exchange-traded funds have become hugely popular in India as large-cap-oriented funds find it tougher to beat benchmark indices. Three key factors can help narrow the list
The tax on salary is deducted under section 192 of the Income-tax Act, 1961. It is important for an employee to submit certain documents to avoid excess TDS especially before the deadline mentioned by your respective HR.
The rate is valid from January 1, 2023, to March 31, 2023, the finance ministry said in a notification. The rate will be in force with effect from January 1, 2023, it said.
Many banks and even financial planners advise their customers investing in fixed deposits of banks to opt for the âeither or survivorâ clause. The problem arises when one of the joint-holder(s) dies during the tenure of the deposit, and the surviving joint-holder(s) approach the bank to liquidate the FD.
Ethyl alcohol supplied to refineries for blending with motor spirit (petrol) will attract 5 per cent GST from January 1, lower than the 18 per cent currently. Also, tax rate on husks of pulses has been cut to nil, from 5 per cent.
Gold prices have hit record highs again. But experts still suggest investing in gold and silver in CY2023. Precious metals are very important to build a diversified portfolio for the long term.
Buying a term life insurance policy is the decision of a lifetime. So, itâs important that the amount arrived at is correct. Human life value (HLV) is one of the methods of computing the right cover amount.
Severe Covid-19 waves, strict lockdowns and return to work took a toll on Technology mutual funds. But funds investing in Public sector firms, banking & financial services and auto stocks were the winners. ESG funds disappointed too.
PFRDA has said that the online partial withdrawal facility from NPS through self-declaration will no longer be available for govt sector subscribers, starting from January 1, 2023. All you need to know about the changes in NPS partial withdrawal rule
Despite the smallcap universe underperforming its largecap and midcap counterparts, selective smallcap stocks in the schemes of mutual fund houses showed resilience, bringing handsome rewards
Minister of State for Finance Pankaj Chaudhary said Central GST officers have detected Goods and Services Tax (GST) evasion worth âš87.60 crore by 12 crypto exchanges. Recovery of âš110.97 crore, including interest and penalty, has been made.
Nifty Alpha Low-Volatility 30 Index selects stocks from NIFTY 100 and NIFTY Midcap 50 that delivered notable return in long run while exhibiting low volatility
GST Council Meeting Highlights: The GST Council recommended three types of offences be decriminalized. No decision on taxation of tobacco and gutka was taken, despite it being among the prominent issues on the Council meeting's agenda today.
âDespite those curbs, imports from the Asian giant have ballooned, out-pacing exports handily. As such, Indias trade deficit with China in the first seven months of the current fiscal at $51.50 billion, the data showed. This compares with a reading of $73.31 billion for the entire fiscal ending March 2022.
The objective of Sovereign Green Bonds is to mobilize resources for green infrastructure as part of the government's overall market borrowings in 2022-23
The Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Saturday called data available on cryptocurrency misleading and said that rules relating to such digital currencies must be made based on clear understanding of what they (digital currencies) are and how they work.