As the financial year 2024-25 approaches its conclusion, many investors are evaluating tax-saving options to optimise their portfolios. Among the popular choices are fixed deposits (FDs), Public Provident Fund (PPF), and the Senior Citizens Savings Scheme (SCSS), all of which are eligible for deductions under Section 80C of the Income Tax Act, 1961. These instruments … Read more
The Sovereign Gold Bond (SGB) 2019-20 Series X, originally issued on 11 March 2020, is now open for premature redemption starting from 11 March 2025. Investors can redeem these bonds at a set price of Rs 8,596 per unit. This early redemption option comes after the completion of five years from the issue date, aligning … Read more
Query: I strongly believe in the benefits of SIP and SWP. Currently, I am investing Rs 10,000 per month and expecting a return of 12% per annum. My plan is to continue this investment for the next 20 years, with an annual increase of 10%. I am 40 years old and am considering this approach … Read more
A popular investment choice among non-resident Indians (NRIs) is fixed deposits (FDs). This investment option is user-friendly, offers guaranteed returns, and adheres to transparent regulations. During its December Monetary Policy Committee (MPC) meeting, the Reserve Bank of India raised the interest rate cap on Foreign Currency Non-Resident Account FCNR (B) deposits to overnight Alternative Reference … Read more
IPL Auction 2025: The IPL is widely regarded as the most lucrative domestic T20 cricket league in the world, attracting top talent with whopping salaries. With significant sponsorships and broadcast deals, IPL franchises spare no expense in securing the services of top players. Two days back, Rishabh Pant made history by becoming the most expensive … Read more
Capital Gains Tax: After Finance Minister Nirmala Sitharaman made an announcement in the Union Budget regarding the reduction of tax on long-term capital gains from 20% with indexation benefits to 12.5% without indexation benefits, an amendment was introduced to The Finance Bill, 2024. This amendment allows taxpayers to select the tax rate that is more advantageous … Read more
Budget impact: In the Union Budget 2024, the Centre has made noteworthy adjustment regarding the treatment of long-term capital gains (LTCG) in property transactions. Specifically, the indexation benefit has been eliminated, resulting in substantial modifications to the LTCG calculation. Despite this change, it has been affirmed by the government that properties purchased or inherited prior to … Read more
Investments yielding returns over an extended period, specifically a minimum of one to three years, are categorised as long-term capital gains (LTCG). This classification encompasses returns from various investment vehicles such as real estate, stocks, mutual funds and zero-coupon government bonds. Senior citizens intending to liquidate assets such as real estate, stocks, mutual funds, bonds, … Read more
ITR FY2024: P2P Lending or Peer-to-Peer Lending is one of the upcoming and somewhat most trusted ideas to earn passive income. P2P lending, also known as social lending, is an innovative financial model that has seen considerable growth in recent years. This approach provides individuals with an alternative means of securing funds without the need … Read more
It was the end of the month. X (name withheld on request) received that all-important notification on his phone informing him that his salary had been credited. He immediately opened the banking app on his phone to transfer funds to various accounts to meet daily expenses, set aside savings and investments, etc. He also transferred … Read more