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When handling a lost or stolen debit or credit card, quick action is essential. When it comes to averting possible financial harm, every second matters. from mint - money

Luxury real estate offers higher potential returns and stability compared to traditional investments, driven by prime locations, superior amenities, and resilient demand from high-net-worth individuals. from mint - money

HDFC Bank is capping reward points, implementing new fees for third-party app transactions, and limiting redemptions starting September and October 2024 to curb misuse and high-value transactions. from mint - money

Typically, a credit card statement provides a detailed summary of your credit card transactions for the previous month and is sent out soon after your billing cycle ends. from mint - money

The cornerstone of personal finance is budgeting, which acts as a guide for achieving financial success and stability. Essentially, creating a budget is applying personal finance concepts in a real-world setting. from mint - money

ITR Filing Date Live Updates: Here are all the details you need to know to file your ITR — including the deadline, penalty for missing the deadline, documents required, who had more time, and possible extension of deadline. from mint - money

Numerous banks have increased their MCLR for a range of tenures. It is becoming more difficult for borrowers to obtain new loans or make loan repayments on time due to this increase in the cost of funds, which is being caused by higher deposit rates on some tenures. from mint - money

The deadline to file your income tax return (ITR) for the financial year (FY) 2023-24 is July 31, 2024 from mint - money

Individuals or HUFs with business or professional income are required to file Form 10-IEA to choose to remain under the old tax regime instead of the new one. If Form 10-IEA is not filed by the first ITR filing deadline, taxpayers will not be able to revert to the previous tax year setup. from mint - money

This year’s Union Budget included the well-thought-out NPS Vatsalya scheme, which aims to provide children with a stable financial future. It helps parents to begin saving and investing for their child’s retirement at a young age by encouraging these behaviors. from mint - money

The Income Tax department said that a person can be asked to obtain an income tax clearance certificate only after recording the requirements' reasons. from mint - money

ITR filing 2024: Income Tax Department on Saturday said that more than 5 crore income tax returns have been filed in this year so far from mint - money

The budget announcement that a provision relating to tax collected at source, or TCS, will be amended to benefit taxpayers, in fact, doesn't offer any relief at all. The tax deducted at source, or TDS, doesn't get actually reduced with this new amendment. from mint - money

Sukanya Samriddhi Yojana is a strong debt instrument but may not be sufficient alone for future education and marriage costs due to inflation and withdrawal limits. Complementing it with equity funds through SIPs can provide higher returns and better meet future financial goals. from mint - money

Shawn Levy directs two of the coolest superheroes - the X-Man among the X-Men and the Merc Motormouth Deadpool - in a film that has so many surprise cameos you’ll turn into a whimpering Mary Pupkins aka Dogpool. The film releases Friday July 26, 2024. from mint - money

In Budget 2024, the Finance Minister has proposed changes in the TDS framework. Salaried individuals can take credit for TCS paid against the TDS to be paid on salary. from mint - money

Terry Smith, who is sometimes referred to as the “English Warren Buffett,” has solidified his reputation as a value investor who emphasizes long-term outcomes. His investment philosophy, as demonstrated by Fundsmith, is centred on unique ideas that set him apart from other investors. from mint - money

For income up to ₹10 lakh, the old tax regime is generally more beneficial in terms of tax savings. This is because it provides a wider range of exemptions and deductions. from mint - money

Budget 2024: Investors of mutual funds — just as equity investors — will be made to loosen their purse strings for capital gains tax as higher rates come into force with regards to STCG (20 percent against 15 earlier) as well as LTCG (12.5 per cent against 10 earlier). from mint - money

The disparity between the wealthy and the middle class goes beyond income levels. It hinges significantly on how individuals perceive money, particularly their views on achieving and maintaining wealth over time. from mint - money

To optimize your asset allocation and enhance rental yields, consider investing across high-yielding asset classes as well as ensuring stable monthly income. from mint - money

The Budget 2024 introduces changes to income tax structures, prompting a comparison between the old and new regimes for taxpayers. The new regime offers increased standard deduction and benefits for lower income brackets, while the old regime allows for various deductions. from mint - money

Budget 2024: The proposed amendments to the income tax laws will have far-reaching implications for real estate transactions from mint - money

The Union Budget 2024 promotes the New Tax Regime with higher rebates and deductions, aiming to attract taxpayers. Proposed changes include increased standard deductions and employer NPS contributions. from mint - money

FM Sitharaman's Budget 2024-25 introduces tax changes favouring salaried individuals. The new regime sees a standard deduction hike to ₹75,000 and revised tax slabs up to 30%. Old regime remains unchanged. from mint - money

A standard deduction of ₹75000 per year for salaried individuals was announced in Budget 2024 for new income taxpayers from mint - money

ITR filing: Over 4 Crore ITRs filed for AY 2024-25, Deadline Approaching! from mint - money

Financial stress is a common struggle that can affect anyone, leading to unhealthy coping mechanisms. It is crucial to recognize the signs of financial stress and take proactive steps to manage finances effectively. from mint - money

The Amrit Vrishti sponsored by SBI, like many other government-sponsored schemes, appears promising initially but may not significantly contribute to long-term wealth enhancement. from mint - money

Proposed income tax changes in Union Budget 2024 include increased tax exemption and standard deduction limits from mint - money

After July 5, 2024, the return filing utility in the Income Tax department's e-filing portal started calculating rebates under section 87A with errors due to an incorrect interpretation of the law from mint - money

With IFSCA being added to the list of financial sector regulators, the rating activities will be carried out in the IFSC-GIFT (Gujarat International Finance Tec-City) as well. from mint - money

With the introduction of new technology to be provided by Bharti-Airtel to Central Board of Direct Taxes (CBDT), the experience of taxpayers while filing their ITRs is likely to undergo a leg-up from mint - money

Budget 2024: Hemant Shah believes the Union Finance and Corporate Affairs Minister Nirmala Sitharaman, in Budget 2024, could raise the non-taxable income limit, besides raising the rate of Securities Transaction Tax (STT) with respect to F&O from mint - money

Under the new tax regime, investors cannot claim tax exemption against investment in ELSS. Investors redeemed a total of ₹839.17 crore worth ELSS units in the past three months. from mint - money

Bad Newz: Vicky Kaushal and Ammy Virk star in a crass film where a young girl is impregnated by two men. The filmmakers push the 'a child needs a father' trope, while objectifying the girl. The movie teaches bizarre money lessons in a cringe-worthy manner. from mint - money

Private credit in India offers flexible credit solutions for various sectors, attracting sophisticated investors with unique investment opportunities. from mint - money

Although these specific cryptos do not yield dividend or interest, they give returns in the form of appreciation over time. from mint - money

Understanding the reasons why your ITR may be rejected is crucial. Filing your ITR each year can be frustrating, especially with changing income tax regulations. Experiencing rejection and having to resubmit all the necessary details can be disheartening. from mint - money

Financial advisers can serve as true financial wellness coaches, equipping clients not only for retirement but also throughout their lives. from mint - money

Beginning preparations early for filing taxes, particularly with multiple income sources, is a wise decision. Selecting the appropriate ITR form lays the groundwork for precise tax filing, which is especially crucial for individuals with varied income sources such as freelancers and moonlighters. from mint - money

The government’s priorities are (or should be) to create more jobs, make interventions that will help manage inflation, address income inequality, and put more money in the hands of the people to spend more to keep the economy buzzing. from mint - money

Budget 2024: Income taxpayers are hoping for some relief from Finance Minister Nirmala Sitharaman from mint - money

ITR filing: The filing season for Income Tax Returns 2024 has begun, and meeting the July 31 deadline is crucial to avoid penalties from mint - money

This comprehensive checklist and consultations with financial experts will ensure a smooth financial transition as you embark on your adventure abroad from mint - money

Ramanan Venkateswaran's company Pygmalion Renaissance manages ₹2,000 crore in assets, but just ₹4 crore of this is in mutual funds. from mint - money

Securities Exchange Board of India recently cracked down on an investment advisor and imposed penalty amounting to ₹25 lakh for a series of offences including the sharing of fake testimonials and reviews on website to woo prospective clients. from mint - money

The BankBazaar report argues that since the new tax regime has failed to attract salaried taxpayers, there is an urgent need in Budget 2024 for enhancement in deductions in the old tax regime that taxpayers continue to opt for. from mint - money

The EPFO reported that although there was a dip in new subscribers for 2023-24 compared to the previous fiscal, the no. of new subscribers in FY24 doubled compared to 2018- 19. from mint - money

Some recent introduced by banks include spend-based access to airport lounges, devaluation of conversion ratio for transfer to partners, excluding reward points on specific categories, charges on utility bill payments, etc. from mint - money

The deadline for filing Income Tax Returns for the financial year 2023-24 (assessment year 2024-25) is July 31, 2024. Delayed payment of taxes may result in penalties or interest charges, depending on the extent of the delay. from mint - money

The TDS component is a serious problem when seeking a home loan as the bank will not fund it. A home buyer has two options: ask the NRI seller to get a lower TDS certificate or pay the tax from the downpayment from mint - money

The I-T department will deposit your refund exclusively into the bank account you specified during the ITR filing process. Ensure that the bank account details you provide are pre-validated on the income tax e-filing portal to facilitate the successful transfer of the refund by the department. from mint - money

Verifying your ITR is crucial to confirm the authenticity and validity of your tax return. from mint - money

Bank holiday this week: Banks will remain closed on four days in some parts of the countries this week from July 15 to 22. from mint - money

SBI raises lending rates by 5-10 bps across most tenures from today, July 15 from mint - money

Investing strategically across asset classes with defined time frames is essential for optimizing returns and managing risks effectively. Whether in equities, debt funds, or real estate, aligning investments with the appropriate time horizon is crucial for financial success. from mint - money

Financial security is crucial for single women in India, who face unique challenges. Despite improvements in financial inclusion, obstacles remain such as lower access to credit. Building an emergency fund is essential, providing a safety net and peace of mind amidst uncertainties. from mint - money

Harsh Bardhan Mishra, 24, who works for a Switzerland-based start-up, is targeting financial independence in his 50s from mint - money

The gross direct tax collection for FY 2024-25 stood at ₹6.45 lakh crore, 23.24 per cent higher than the corresponding data of FY24, revealed the data released by income tax (I-T) department. from mint - money

With the income tax paying season upon us, every taxpayer is busy figuring out the details of their tax filing. We bring you a simple and efficient way to save nearly 16% on your due tax amount. Read on to find out how from mint - money

Longlegs, a horror film, follows FBI agent Lee Harker as she battles a serial killer named Longlegs. The movie offers insights on fear control in investments, dealing with financial gifts, and avoiding affinity scams that target specific communities. from mint - money

Budget 2024: Will FM Sitharaman offer income tax relief to salaried class on July 23? from mint - money

Most banks typically offer a high rate of interest on long-duration fixed deposits. Conversely, short-duration term deposits give a relatively lower rate of interest. from mint - money

If you are a student, a parent, or a frequent traveller, you can park the money in the Gift City account and remit it whenever you need. However, keep in mind that the money you remit will be subject to tax collected at source from mint - money

Post office savings schemes offer interest in the range of 4 to 8.2 percent per annum. The lowest rate of interest (i.e., 4 percent) is offered by post office savings account while the highest interest (of 8.2 percent) is offered by Sukanya Samriddhi Account. from mint - money

The former HDFC AMC chief’s 3P India Equity Fund 1 comfortably beat the Nifty 50 index despite a mere 18% allocation to small and mid cap stocks, which have been on a tear. from mint - money

Money transferred by Karta of HUF may be treated as a loan or gift. Income earned by HUF on gifted money is added to Karta's income due to clubbing provisions until HUF assets are fully partitioned from mint - money

Budget 2024: According to Personal Finance experts, salaried taxpayers are calling for significant reforms in NPS, including an increase in the additional tax deduction limit and raising the tax-free withdrawal limit at maturity from mint - money

RBI Deputy Governor Swaminathan said banks must protect the integrity of the financial reporting by guarding against misadventure, or intelligent interpretations of regulations from mint - money

Filing income tax returns in India involves selecting the appropriate ITR form based on income sources and residential status. This guide helps taxpayers navigate the selection process effectively. from mint - money

Kartik Sharma, global CEO of a media company, has followed his financial advisor's plan over last 17 years to achieve his retirement goals.His asset mix has 74% allocation to equities and balance of 26% to debt from mint - money

The regulator’s board approved a proposal for an optional mechanism to allow Sebi-registered investment advisors and research analysts to collect fees from their clients, who will be assured they are interacting with bona fide entities. from mint - money

By integrating principles from psychology and finance, individuals can gain a deeper understanding of their decision-making processes and develop strategies to overcome biases and emotional influences from mint - money

The moat will come from ‘better brains’ rather than sheer size. Big money doesn’t necessarily beget money, says Mukherjea. from mint - money

You do not need to share ITR login and Password with Your CA. Here are the alternatives from mint - money

The highest rate of interest of 7.25 percent is given by Punjab National Bank to regular depositors on 3-year deposits, and 7.75 percent to senior citizens. from mint - money

Chaudhary believes that investment by foreign portfolio investors in Indian bonds may touch 4 percent by next year. He also explains why this is the right time to invest in long term bonds which offer stability and diversification from mint - money

Key financial tips for millennials include gaining financial literacy, minimizing credit card usage, budgeting effectively, investing 20% of income, creating an emergency fund, managing surplus cash, planning for retirement, and managing debt wisely. from mint - money

Investors across age groups are investing in instruments that could carry much higher risk than they understand. A few tax nudges can go a long way in getting investors to move in the right direction from mint - money

Taxpayers are supposed to pay income tax via accounts opened at one of the 28 banks where payment of income tax is facilitated by the Income Tax (I-T) department. These banks include most top private and public sector banks from mint - money

The Ageas Federal Life Insurance Golden Years Pension Plan links its returns to the performance of an investment fund in the market. It serves as an early investment accelerator, encouraging individuals aged 18-35 to plan by offering the potential for higher returns. from mint - money

The violent tale of power struggle in Mirzapur Season 3 underscores two crucial money lessons: trust no one blindly with your investments and stay focused amidst distractions to secure your financial future and that of your family. from mint - money

Bank FD vs bond yield: Bank FD yield is around 6% whereas the bond yield is around 9%, say experts from mint - money

Out of a total of ₹11,76,862 crore NPS assets as on May 31, 2024, the assets owned by corporate subscribers stand at 1.75 lakh crore, i.e., 14.8 percent of total assets from mint - money

Momentum investing is a strategy that can be employed strategically, but it requires a thorough comprehension of its risks and its role within a comprehensive portfolio strategy. from mint - money

Some of the charges that credit cards levy include joining and annual fee, late payment fee, finance charges, surcharge on certain payments, payment return charges, overlimit fee, etc. from mint - money

Planning for a secure retirement requires careful planning, disciplined saving, and smart investing. Understanding compound interest, exploring investment options, creating an emergency fund, and paying off high-interest debt are key steps to begin the retirement savings journey. from mint - money

Estimate expenses required to secure your own retirement and the child's lifetime care. Invest the monthly surplus astutely to fetch good returns. Insurance will play a key role here. Next comes availing tax benefits. from mint - money

India's joint family tradition extends beyond living together to include joint ownership of properties and conducting family businesses. Family Settlement is a way to resolve disputes over assets and business management. from mint - money

The DSP TIGER Fund, once a high-flyer, has rebounded strongly, but experts urge caution and a long-term, systematic investment approach due to inherent risks and past volatility from mint - money

A passive hybrid fund gives investors more clarity in terms of portfolio structure.As these are passive funds tracking indices, there is no risk of underperformance or outperformance from mint - money

Bank FDs have been the go-to option for Indian savers, offering 7-8% returns. However, corporate deposits and NCDs are providing even higher rates. Choosing between the two requires considering credit ratings and risk levels. from mint - money

Beyond its plot and central character, what often earns the most praise is the underlying message of the movie. Some films subtly hint at the realities of money in real life and, more importantly, the potential consequences of not managing finances carefully. from mint - money

While filing the ITR within the due date is crucial, filing it in the correct form is equally important to avoid income tax notice or penalty from mint - money

Embarking on early retirement requires strategic planning. Diligent savings and disciplined actions are key to achieving a secure and rewarding early retirement. from mint - money

Ring-fencing assets through trusts and other methods is crucial for protecting wealth. It shields assets from creditors, legal judgments, and divorce settlements. Methods like trusts, wills, and family charters are vital for individuals with complex financial situations looking to safeguard assets. from mint - money

Maintaining a good credit score is essential for loan approvals and favorable terms. Experts advise timely payments, monitoring credit reports, managing credit utilization, applying for credit wisely, and reviewing credit history regularly. from mint - money