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Finance Ministry clarifies no new tax changes from April 1, 2024. Taxpayers can opt for old or new regime based on preferences from mint - money

Tax avoidance is entirely legal and entails leveraging loopholes, deductions, exemptions, and credits permitted by the tax code to reduce your tax obligation. Conversely, tax evasion is unlawful, involving intentional deception of tax authorities to evade paying owed taxes. from mint - money

Lenders impose home loan processing fees to offset the administrative expenses associated with processing your home loan application. This encompasses tasks such as verifying your income documents, conducting a credit check, and completing the loan approval procedures. from mint - money

Taxpayers can file an updated income tax return for any of the assessment years 2021-22, 2022-23 and 2023-24. However, for 2021-22, the last date to file an updated return is today i.e., March 31, 2024 from mint - money

There is ample opportunity to lower your taxable income. However, it is essential to be familiar with the relevant sections of the Income Tax Act to take advantage of these benefits. from mint - money

A low CIBIL score usually indicates a higher risk to banks, making them reluctant to extend credit. from mint - money

Relationship between CIBIL score and interest rate offered on loan is inverse. If you have a high credit score (usually considered to be above 700 or 720), lenders see you as a low-risk borrower and hence offer lower interest rate. from mint - money

The film ‘Crew’ is an almost funny take that mirrors real life events. Tabu, Kareena and Kriti fly Kohinoor Airlines and their lives consist mostly of the question, ‘Veg or Non-veg?’. Here are three important lessons you can learn from the movie. from mint - money

ITR filing: Zerodha's Nithin Kamath said that a married earning individual belonging to the Hindu community can use HUF and save income tax as HUF is treated as a separate entity. from mint - money

Key financial changes from April 1, 2024, encompass enhanced NPS security measures, SBI debit card maintenance charge hike, and SEBI's directive to halt investments in overseas ETFs. from mint - money

After deadline to invest into equity instrument has passed, some non-equity financial instruments can be opted for before Mar 31 from mint - money

All the members have the right to be maintained from income and assets of the HUF but do not have any right to ask for a partition of the HUF assets whereas a coparcener has a right to ask for a partition of the corpus of the HUF from mint - money

To help safeguard your CIBIL score and minimise the impact of a financial crisis on your overall financial health, you need to communicate with your lender, prioritise your payments, and try to pay at least the minimum payment on your credit cards. from mint - money

Here we give the lowdown on the seven personal finance changes which will come into force from April 1, 2024 onwards. These include deadlines relating to income tax exemption, filing an updated return, special fixed deposit scheme and new debit card charges, among others from mint - money

Making timely payments is imperative. It is vital to pay your current debt and make sure that all your EMIs and credit card dues are paid on time going forward. Even one missed payment can significantly impact your score. from mint - money

A loan settlement typically happens after you’ve missed some loan payments, and these missed payments will be reported on your CIBIL report, which can bring down your credit score. from mint - money

Charitable contributions can serve as an effective method to decrease your tax liability in India while also supporting meaningful causes. from mint - money

Many people encounter challenges when trying to withdraw their EPF funds. One common reason is the rejection of EPF claims due to discrepancies between the details in the EPFO records and the information provided by the EPF account holders, or incomplete KYC records. from mint - money

If your application for a personal loan is rejected, implement essential measures to comprehend the circumstances and enhance your prospects for future approval. from mint - money

It is important to understand if you want a lifestyle investment or financial investment. from mint - money

Although utilising a personal loan for educational pursuits is feasible, it may not offer the most advantageous terms. from mint - money

Just like we tend to play with a range of colours on Holi, it is advised to invest in a range of stocks in order to create a diverse portfolio from mint - money

There are 10 pension fund managers of NPS and their return varies from one to another. The maximum return of 39.74 percent was given by Tata-Pension Fund. from mint - money

When you lend your skilled labour to your employer— your time, energy, and intelligence— this amalgamation creates value. from mint - money

Quant CEO Tandon says investing that money in equity markets could have led to much larger wealth creation. from mint - money

Co-signing a loan raises your overall debt obligations, which can affect your debt-to-income ratio from mint - money

Kung Fu Panda 4 features Po seeking a successor while facing a new villain. The importance of trust, succession planning, and portfolio management is highlighted. Zhen's betrayal teaches valuable money lessons. The film combines humor with meaningful messages. from mint - money

One should check the credit report, pay bills on time, reduce credit utilisation ratio, avoid multiple credit applications and maintain a mix of credit types in order to improve the CIBIL score from mint - money

To improve your credit score while being unemployed, it is vital to review credit report, dispute errors, make timely payments and bring credit card balance lower, among other things from mint - money

HDFC Bank offers interest rate on its fixed deposits in the range of 3 percent to 7.25 percent per annum. The highest interest rate of 7.25 percent is offered on term deposits that are of tenure between 18 months and 21 months. from mint - money

India's economic strength is highlighted by Q3 FY24 GDP surge. Government reforms like 'Make in India' and 'PLI' are key drivers. Innovative solutions like Unit Link Plans and Investment-Linked Plans offer comprehensive financial benefits for consumers. from mint - money

If you regularly pay your utility bills, it will not directly give an impetus to your credit score since timely payments are not usually reported to credit bureaus. In case you miss payments, it could affect your credit score from mint - money

Hard inquiries tend to impact your credit score, and occur when a lender checks your credit report as part of the process of making a lending decision.hat is the difference between hard and soft inquiries on your credit report? from mint - money

Rate of interest and terms of loans are based on the borrower’s credit score. Higher the score, lower is the rate of interest offered from mint - money

Gupta’s family sought advice from RIA, restructured investments as part of financial planning. from mint - money

Women are urged to invest to bridge wealth gaps and achieve financial independence. Overcoming barriers like lack of education and risk aversion is critical. Setting goals, creating a budget, building an emergency fund, getting insured, and diversifying investments are key steps towards empowerment. from mint - money

Too many fake apps and websites are luring investors with promises of huge returns. from mint - money

Banks often prefer borrowers with high credit scores as they indicate a lower risk of default. Thus, having a high CIBIL score increases your chances of getting approved for loans, credit cards, and other forms of credit. from mint - money

For a fee, a number of agencies allow tenants to get their rent payments reported to credit rating agency such as CIBIL. from mint - money

Bucketing not only helps you manage cash flow but also improve risk adjusted returns. from mint - money

India's credit card market will continue in its growth path, but under the watchful eye of the regulator. from mint - money

David Swensen’s influence on the realm of investing is indisputable. His groundbreaking methodology in endowment management, which underscores diversification, alternative asset classes, and long-term investment strategies, has been embraced by numerous institutions. from mint - money

Hard inquiries happen when a lender pulls your credit report after you sought a loan from it. This may have a small negative impact on your credit score from mint - money

Filing for bankruptcy typically leads to a sudden drop in credit score. The severity of drop hinges on a number of factors such as your credit history before filing. from mint - money

When a borrower has a poor credit score, lenders tend to approve loan at a higher rate of interest in comparison to the borrowers who have impressive credit reports. Banks may also tell these borrowers to give a higher down payment. from mint - money

A patriotic film Yodha featuring Sidharth Malhotra as a soldier facing hijack attempts and money lessons, challenging cliches about Indian heroes and Pakistani villains. from mint - money

ITR filing: Here's how to maximise income tax savings from Employees' Provident Fund (EPF) account from mint - money

Balancing multiple personal loans and effectively managing them can be challenging. The optimal approach is to prioritise repayment of the loan with the highest interest rate. While this demands greater discipline initially, it ultimately saves the most money in interest payments. from mint - money

Industry experts believe that initiatives like the Digital India campaign have aimed to bridge the digital divide and empower citizens with access to digital services, including payments from mint - money

There are a number of myths such as closing a credit card improves credit score, or checking the score hurts it. Here we try and bust some of the myths. from mint - money

A personal loan in India typically does not significantly affect your tax filing unless it is utilised for specific purposes. from mint - money

Before applying for a personal loan, ensure you meet the eligibility criteria and verify that your loan requirement aligns with your monthly income. from mint - money

The SBI Amrit Kalash, a 400-day FD, is offering 7.10% p.a. for the general public and 7.60% p.a. for senior citizens. The interest rate is higher than FDs of similar tenure that other large banks offer. The SBI We-care is a special FD for senior citizens with a 5–10-year tenure offering 7.50% p.a. from mint - money

While freelancers can certainly seek personal loans, the process may present more challenges compared to individuals with conventional salaried employment. from mint - money

Avoiding falling prey to personal loan scams requires awareness of the red flags and implementing protective measures. from mint - money

Early repayment of personal loans comes with both advantages and disadvantages. Settling the loan sooner results in reduced interest payments to the lender and an enhanced credit score. Nevertheless, this may entail higher monthly EMI payments in comparison to others. from mint - money

By grasping the monthly payment figure, you can more effectively evaluate the loan’s affordability within the constraints of your budget. This aids in preventing any financial overextension on your part. from mint - money

Your credit card usage and payment history have a significant impact on your credit score. Making timely payments and keeping credit card balances low relative to your credit limit can have a positive effect on your score. from mint - money

If the primary borrower fails to repay the loan and defaults, the responsibility to repay the loan may fall on the guarantor. from mint - money

Chartered accountants told Mint that some taxpayers have received advance-tax notice in which certain reporting entities have reported faulty transactions. from mint - money

Diversifying investments across asset classes with low correlations minimizes risk and loss. Focus on long-term potential, regular rebalancing, staying informed, and seeking professional advice when needed are essential strategies for successful investing. from mint - money

Although it is not a rule of thumb, but most lenders like to have borrowers with a CIBIL score of over 700 to qualify for a car loan. from mint - money

Owning a second home in India offers financial gains and personal fulfilment. Research shows a growing demand for holiday homes, with a total value of $1.394 billion in 2021. Consider factors like location, finances, and legalities before making the purchase for a smooth ownership experience. from mint - money

Sudden wealth creation necessitates careful money management and a well-thought-out financial plan. Financial advisors help create strategies for wealth growth, asset allocation, and preservation for future generations. from mint - money

Mismatches could occur if the taxpayer has not reported capital gains on certain stocks, interest income, property transactions from mint - money

Rather than doing tax planning in isolation, it should be a part of overall comprehensive financial planning. It can help you achieve financial goals along with maximising tax savings. from mint - money

An SM REIT is allowed to gather funds starting from ₹50 crore by issuing units to a minimum of 200 investors. These funds are to be used for acquiring and managing real estate assets, generating income for the investors. from mint - money

Tax-loss harvesting is a strategy to minimize tax liability by selling underperforming investments to offset gains. It helps rebalance portfolios and reduce overall tax burden by offsetting short-term losses against gains and long-term losses against gains. from mint - money

Today, women are breaking gender barriers in business, challenging societal norms where financial independence was traditionally seen as a male privilege from mint - money

Experts believe that numerous tax-related measures have the potential to stimulate women's engagement in the stock market from mint - money

A low credit score has a number of disadvantages which include high rates of interest, limited access to credit, high insurance premium, and restrictions in getting access to financial instruments. from mint - money

Small business owners face unique challenges in retirement planning due to cash crunch, absence of retirement provisions, and balancing business investments with personal savings. Implementing the 20:20 rule, 30X thumb rule and insurance strategies can help navigate these challenges. from mint - money

Women aspire for a role in ‘Viksit Bharat’ with 76% of working women expressing a desire to initiate their businesses. from mint - money

The CIBIL score is a three-digit numeric summary of your credit history. It ranges between 300 and 900, 900 being the highest. from mint - money

Users may be persuaded to invest in such trending funds because of the incentives or other rewards. from mint - money

Big-ticket purchases on credit cards earn handsome rewards but take note of the billing cycle. from mint - money

Leveraging a personal loan for debt consolidation can serve as a beneficial strategy to handle your debt and potentially cut costs. However, it's essential to approach this cautiously and be aware of potential drawbacks as well. from mint - money

Every discerning investor must define and implement their approach to risk management if they are to get to the finishing line. from mint - money

The registration of a will or codicil is not compulsory or required. It has no bearing on the validity of such will. from mint - money

A joint declaration form is an Employees' Provident Fund (EPF) form that is used to correct Provident Fund (PF) member details. It is a combined form that the employee and employer sign and submit to the authority from mint - money

While personal loans provide flexibility, it’s essential to compare interest rates, terms, and fees across various lenders before committing. from mint - money

There is an option to get free CIBIL score and report, which is highlighted on the home page of CIBIL website. from mint - money

Banks use CIBIL score to assess borrowers' creditworthiness. A higher score suggests responsible credit behaviour and reduces the lender’s risk. from mint - money

A good CIBIL score usually leads to higher credit limits on credit cards, overdraft limits and other lines of credit. Banks and other financial institutions are more likely to offer higher credit limits to those individuals who have a proven track record of repayment of loans. from mint - money

Mohanty says he has tried to take as much medical cover as possible after a family health crisis. from mint - money

MSM REITs offer investors the opportunity to invest in commercial real estate with property-specific focus. Investors can assess asset quality based on location, lease structure, and demand/supply dynamics. Diversification across asset classes and geographies is recommended to mitigate risks. from mint - money

Considering your unique circumstances and investment approach, you have the flexibility to determine how and when to assess your investment portfolio. The particular steps in reviewing your portfolio may vary among investors, with no one-size-fits-all strategy meeting everyone’s needs. from mint - money

To gift your share of the property to your husband after repaying the joint loan, you need to execute a gift deed, pay stamp duty, and register it. Your husband won't face a tax burden on the gifted share, but any income generated from it will be added to your income annually from mint - money

Consider cross-border investments and international retirement plans for portfolio diversification and increased retirement savings. from mint - money

ELSS vs NSC: The suitability of an investment product depends on factors like risk tolerance, time horizon, and future fund needs from mint - money

Stock market today: Retail investors often overlook key factors when investing in stocks, such as the misconception surrounding penny stocks and the dangers of FOMO-driven decisions from mint - money