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September brings a wave of financial updates that could impact your wallet. From changes in LPG prices and credit card regulations to new measures against fraudulent calls, staying informed is crucial. from mint - money

Individuals and HUFs can claim tax exemptions on LTCG from urban agricultural land by investing in capital gain bonds, purchasing a residential house, or acquiring another agrarian land. from mint - money

As per Section 194IA, the tax must be deducted from payments to joint property owners based on their contribution. The husband's request to deduct TDS in his name and issue cheques in his wife's name is not logical or possible from mint - money

The Crow re-imagines James O’Barr’s dark comic about love and revenge, starring Bill Skarsgård, FKA Twigs, and Danny Huston. The film offers money lessons: plan for every eventuality and ensure a will to live beyond death. from mint - money

Indian investors focus on domestic markets due to strong growth, overlooking global opportunities. Restrictions and paperwork also deter foreign investments. Global diversification offers high-quality businesses and growth in sectors absent in India, like AI and gaming. from mint - money

A zero-forex credit card with no joining fee is a straightforward option for travellers. These cards eliminate forex fees on international transactions without the need to work hard to recover annual fees from mint - money

Following SEBI's prompt, the Association of Mutual Funds in India has set guidelines to tackle front-running in mutual funds. Market experts urge investors to diversify, monitor fund performance, and maintain awareness to mitigate the risks associated with such market malpractice. from mint - money

To choose the right mutual fund, evaluate performance history, risk metrics, and fund manager expertise. Understand the key ratios to maximize returns and minimize risk from mint - money

Being an unsecured loan, there is not much at stake at the time of borrowing a personal loan. However, it is recommended to compare the offerings by different fintech players so that you do not end up paying extra on account of interest rates, processing charges and pre-payment charges from mint - money

In a world where money matters can result in disputes even between blood relatives, blended families have the tough task of ensuring a fair distribution of wealth to avoid disputes. from mint - money

ELSS are effective for tax savings, but focusing solely on tax can lead to poor investment choices. A holistic approach considering goals, cash flows, and risk profile can help build a substantial corpus and avoid frequent trading that increases tax liabilities. from mint - money

A family charter helps reduce family disputes by providing succession guidelines, though it remains non-legally binding. It outlines leadership roles, succession plans, and general concerns, maintaining harmony and business continuity across generations. from mint - money

Navigate the complexities of the US EB-5 investor visa programme with insights into the financial and legal intricacies involved from mint - money

HDFC BizBlack Metal Edition Credit Card provides 5X reward points on tax payments, complimentary lounge access, and benefits like Club Marriott Membership and Taj Stay vouchers. from mint - money

While we would love to go back to the pre-2018 days of 0% tax or at least remain in the 2018-24 era of 10% tax, there is not much we can do. from mint - money

HDFC Ergo, Star Health, Niva Bupa, and New India are raising health insurance premiums due to rising medical inflation and reduced waiting periods for pre-existing conditions. from mint - money

We have compiled a handy guide in Q&A format to help you understand how properties and rental incomes are taxed after the Union Budget 2024-25 from mint - money

Gen Z and Gen Y seek customized, affordable insurance solutions and insurers must innovate to meet these demands and reap the demographic dividend from mint - money

Luxury brands are increasingly common, raising questions about the true value of their exclusivity. Despite rising disposable incomes, spending on luxury items often lacks practical use and comes at the expense of long-term savings and financial stability. from mint - money

The relentless pressure to sell financial products causes young relationship managers in private banks to leave frequently, disrupting customer service..Inexperienced relationship managers often push unsuitable financial products to meet sales targets, so investors should stay cautious. from mint - money

If you repay your credit card bill immediately, your spending limit will be restored. If the payment is done online, the restoration should be effective within a few minutes. from mint - money

The five key differences between the Unified Pension Scheme (UPS) and the Old Pension Scheme (OPS) are - Differences in pension calculation, employee contribution to UPS, tax benefits, higher minimum pension in UPS and lumpsum payments. from mint - money

Best mutual funds 2024: Here we list out the top performing large cap, mid-cap and small-cap mutual funds on the basis of their annualised returns in the past 3 years from mint - money

Investors can now switch mutual fund distributors without selling their existing holdings, avoiding the capital gains tax that previously made such transitions costly..Post-March 2024 rules allow new MFDs to receive commissions after a six-month cooling-off period. from mint - money

The Cabinet also approved continuation of the three umbrella schemes, merged into a unified central sector scheme namely ‘Vigyan Dhara’ of Department of Science and Technology (DST). from mint - money

If someone had made an investment of ₹one lakh at the time of mutual fund’s launch i.e., on Oct 31, 2002, the investment would have grown to a whopping ₹70 lakh, thus giving a return of 21.56 per cent. from mint - money

Investor education: The IPEF balance has been growing over the years. Between fiscal 23 to fiscal 24, it more than doubled in value and touched ₹533 crore as of March 2024. from mint - money

Angry Young Men: Salim Khan and Javed Akhtar’s story reveals their struggles and ultimate success in Bollywood, highlighting the importance of respect, credit, and hard work in both creative and investment endeavors. from mint - money

To recover funds sent to the wrong UPI ID, contact your bank or UPI provider immediately with transaction details from mint - money

A Mumbai trader lost ₹60 lakh in options trading over eight years. Here is his story that offers insights and lessons on the risks of F&O trading and financial management from mint - money

A high CIBIL score upward of 750 can enable borrowers to procure personal loan at a low interest rate. Meanwhile, the rate of interest is at the discretion of the bank’s credit department from mint - money

Edelweiss Aggressive Hybrid Mutual Fund has delivered an annualised return of 12.84 per cent since the scheme’s inception 15 years ago. Effectively, this means the investment would have swelled by six times during this period. from mint - money

Finance Minister Nirmala Sitharaman urged tax officers to be more “fair and friendly” with taxpayers and to avoid “ham-handed ways” in dealing with them.  from mint - money

Banks are increasingly allowing payments on tokenized cards without requiring the CVV. While this speeds up transactions, it raises concerns about security. We explore how this affects the safety of saved cards and what steps consumers can take to protect themselves from mint - money

The special FD scheme launched in August 2024 will be available for customers till September 30, 2024. Under the Utsav Callable FD scheme, customers can get an interest rate of up to 7.35% on fixed tenures, and senior citizens can get an interest of up to 7.85% from mint - money

Indians will be able to accumulate and distribute their wealth effectively only if they get comprehensive financial planning advice from regulated advisors, and loopholes that other market participants use to dole out advice are removed. from mint - money

It is tempting to tax them during their lives. It is wiser to do so after their deaths from mint - money

The CBDT's Central Action Plan for 2024-25 aims to resolve high-priority tax cases, identify high-value cash transactions, and widen the tax base. Special teams will analyze top tax arrear cases, and the plan mandates PAN validation to curb tax evasion. from mint - money

HDFC Bank charges an interest in the range of 8.75 to 9.65 percent as special housing loan rates, and 9.40 to 9.95 percent as standard housing loan rates. from mint - money

Investment advisers oppose Sebi's plan to limit their scope, arguing it would hinder comprehensive financial planning and mean the end of their profession. .They suggest disclosures for unregulated services instead, insisting they be allowed to advise on financial products such as wills and loans. from mint - money

As per income tax laws, each taxpayer can claim two houses as self-occupied. Your wife can claim her vacant house as self-occupied in her ITR since it was not rented out last year. from mint - money

Edelweiss CEO Radhika Gupta provides simple advice to investors overwhelmed by the multitude of mutual fund choices, suggesting sticking to regular Nifty 50 (N50) or Nifty 500 (N500) index funds. from mint - money

Being unprepared for long-term monetary goals and job loss are among the top financial challenges, according to the State of Financial Wellbeing at Workplace Report 2024-25 from mint - money

NPCI is in talks to introduce biometric authentication for UPI payments, aiming to enhance security and reduce fraud. Customers would use fingerprints or facial recognition instead of PINs. Privacy and data security are key concerns, but the technology promises more secure transactions. from mint - money

Jayesh Faria says a number of stocks and sectors are trading at a high valuation. Meanwhile, he is bullish on PSU banks, consumption, industrials and real estate. He is also positive on healthcare and underweight on private banks and energy from mint - money

For short-term financial goals, make a goal plan, invest, accumulate money, and use it to fulfil them. The other options include using a credit card and paying the bill from current cash flows or taking a personal loan. from mint - money

From pottery to organizing spaces, young professionals are looking at traditional and innovative ways to make most of their spare time from mint - money

When it comes to the tax treatment of gifts, the rules are pretty specific. from mint - money

A senior citizen plans to sell a shop bought in 1999 and seeks advice on capital gains and tax savings. Long-term capital gains apply, and tax can be saved by investing in property or capital gains bonds from mint - money

If you have regular income covering expenses, continue equity investments for better wealth. Consider taxes when determining STP amounts from mint - money

Financial experts emphasise cautious credit card use, understanding loan terms, and strategic debt consolidation to manage consumer debt during festive seasons from mint - money

For saving for your son, separate protection and investment needs. Buy a term plan for life cover and invest in a diversified mutual fund. Avoid ULIPs and traditional insurance for better returns and liquidity from mint - money

Raksha Bandhan 2024: Rakhi, celebrated on August 19, 2024, involves sisters tying Rakhis on brothers' wrists, who in turn give gifts. Consider financial gifts like cash, mutual funds, or stocks to ensure long-term security and prosperity. from mint - money

With the market currently favoring mid and small cap stocks, DSP Mutual Fund's new passive fund aims to bring attention back to the top 10 Nifty 50 companies, collectively known as HRITIK—HDFC Bank, Reliance Industries, ITC, TCS, Infosys, and Kotak Mahindra Bank from mint - money

Curious about joint development agreements? This article dives into the intricacies, revealing how GST and capital gains taxes come into play, and when tax liabilities are triggered. Discover the essentials landowners need to know before entering these agreements. from mint - money

Home loans, rental income, and in some circumstances even capital gains on property come with tax breaks. from mint - money

A new phenomenon – FIRE -- is gradually gaining a foothold among youngsters. It refers to financial independence and retire early. We explore here whether it is a passing fad or something to be taken seriously? from mint - money

Independence Day: While India celebrates its 78th Independence Day tomorrow, it is a good time for the country's people to reflect on the importance of remaining debt-free. Experts say keeping debt levels low is imperative to creating wealth in the long run. from mint - money

Stick to your financial plan to avoid emotional pitfalls like greed and FOMO, ensuring long-term wealth creation..Accepting market volatility is crucial. Building an emergency fund and maintaining a long-term investment horizon will help you navigate market ups and downs effectively. from mint - money

Professional tax in India is state-specific and capped at ₹2,500 per year. While some states levy it every month, others do not levy it at all. Let us decode this tax and understand the compliances involved from mint - money

NFO: HDFC NIFTY500 Multicap 50:25:25 Index Fund will remain open for subscription till August 20.  from mint - money

Investors need to create a separate health fund at the start of their retirement to cover treatments that are not covered by health insurance. from mint - money

The apex body of direct taxes i.e., CBDT is reportedly cracking down on foreign remittances to spot the discrepancies between what taxpayers reveal and the actual remittances. from mint - money

Minors are showcased by financial influencers for their options trading success, with one claiming 36-40% annual returns. Despite Sebi's efforts to curb speculation in the F&O market, the finfluencer trend persists from mint - money

Despite India's stock market boom, only 1,371 entities are registered as RAs with Sebi. The markets regulator has now proposed relaxing the rules around educational qualifications, net worth and re-certification to encourage more people to enter the field. from mint - money

Any asset owned overseas by a resident, other than a not ordinarily resident, must be disclosed in Schedule FA of the income tax return, irrespective of the value of such assets from mint - money

Those contemplating such a change must also consider whether forgoing job security and taking up additional tax compliances are worth it.. from mint - money

Debt mutual funds can help investors tide over poorly performing equity market phases if the tax playing field is level. from mint - money

International students travelling to US on a student visa need ‘F1’ visa to enter, and they are not permitted to enter the country earlier than 30 days before the start date. from mint - money

Rudrapur-based Gagneesh Kumar approached a Sebi-registered adviser to find out what were the missing pieces in his investment portfolio from mint - money

Can someone who is already doing other activities or pursuing other professions or employment have the bandwidth to professionally provide investment advice? from mint - money

Banks usually offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of interest. from mint - money

A new Bill proposes changes to the Banking Regulation Act to facilitate a large number of nominees for payment of depositors’ money, release of contents of safety lockers, and return of articles kept in safe custody with banks from mint - money

Major public sector banks including Canara Bank, Bank of Baroda and UCO Bank will hike interest rates, days after RBI keeps repo rate unchanged. from mint - money

Las Azules highlights how women defy expectations and prove their worth in a male-dominated environment, teaching us to trust our instincts and stand firm in our choices despite opposition. from mint - money

Residents in India enjoy varying tax benefits based on age and regime, while non-residents have uniform limits. Rebates and deductions differ for residents and non-residents, with special rates for capital gains. Non-residents face higher tax rates on property sales and dividends from mint - money

Receiving an income tax notice can be unsettling. Respond promptly after carefully reading the notice. Log into the e-filing portal to view and respond electronically from mint - money

Creating a HUF is a viable option for the writer, with the main concern being capital. By receiving a gift from a non-member relative like the father, the HUF can lower its taxable income by investing in Section 80C. Filing the HUF's ITR to comply with tax regulations is advised from mint - money

Best mutual funds: There are 39 flexi cap schemes with total assets under management (AUMs) amounting to ₹4.01 lakh crore, revealed the AMFI data as on June 30, 2024. from mint - money

From EPS-related issues to name mismatches, one has to jump through hoops to access their provident funds. from mint - money

The recent amendment reinstating indexation for LTCG tax is a significant move towards fairness, offering taxpayers a choice. However, the amendment should take into consideration other factors as well. We discuss from mint - money

Return from investments is shaped not only by the asset's risk but also by your personal risk tolerance and ability to manage behavior under market fluctuations. Balancing these factors with your financial goals and circumstances is crucial for achieving the desired return. from mint - money

There are speculations that the RBI would slash the repo rate later this year, thus kicking off the rate cut cycle starting next calendar year. Lower rates would, more likely than not, ensue lower interest rates on fixed deposits as well. from mint - money

Any capital gain or loss arising on the transfer of a capital asset is taxable in the hands of the person who had actually provided the funds for the investment. from mint - money

Scripbox's fee-based advisory service challenges the commission-driven mutual fund models. By offering this service, Scripbox aims to address the pitfalls of execution-only platforms, such as of Groww and Zerodha Coin, potentially reshaping the mutual fund landscape. from mint - money

Sebi's plan to overhaul regulations for investment advisors and research analysts in India aims to lower entry barriers and promote growth in the industry. We analyse the proposed changes and their potential impact on revitalizing the advisory sector. from mint - money

Union Bank offers an interest in the range of 7.4 to 8.15 percent on a fixed deposit of 333-day tenure. When the tenure is 399 days, the interest rate goes up to 8 per cent. These rates came into force on Aug 1 from mint - money

Delve into the complex world of insider trading and discover how to stay on the right side of the law. Know the rules, avoid the risks. from mint - money

The Budget 2024 has increased the tax deduction limit on employer NPS contributions from 10% to 14%, aligning private sector employees with government counterparts, and introduced the NPS Vatsalya scheme for saving for children's retirement. from mint - money

HDFC Bank has announced changes to its credit card rewards program effective 1st September 2024. The reward points for utility transactions will be capped at 2,000 per calendar month. Education payments through third-party payments will be excluded from earning reward points. from mint - money

Understanding the significance of the Merchant Category Code (MCC) in credit card transactions is crucial. An incorrect MCC can lead to higher transaction fees and reduced reward points. from mint - money

The popular Yen-carry trade is in focus following the currency's sharp appreciation after the Bank of Japan raised interest rates for the first time in 17 years. Here's what it means. from mint - money

Mutual Funds: Time in the market consistently outperforms timing the market, as long-term investing yields better returns than short-term trading. from mint - money

There is a greater propensity among depositors to opt for a bank in which they have a bank account, yet some of them may decide to open an account with a new bank when the interest differential on fixed deposits is quite significant. from mint - money

In a conversation with Livemint, Mumbai-based tax and investment expert Balwant Jain explored various facets of income tax refunds under the Income Tax Act from mint - money

Conservative investors often look for fixed income instruments such as fixed deposits (FDs), debt mutual funds and small savings schemes, which are also known as post office savings schemes. There are a number of options available under small savings schemes which are listed below from mint - money

FD rate hike: Here’s a comparison of the latest FD rates offered by the State Bank of India (SBI) and these banks from mint - money

Do not download unknown files or click on suspicious links to protect yourself from potential scams. SBI never sends links or APK files through SMS or WhatsApp from mint - money

In order to become a pro in investing, could one find a better mentor than Warren Buffett? Well, not really unless you enter a fool’s paradise. Here we recapitulate six key investing lessons one can learn from the Oracle of Omaha from mint - money

ITR Filing: The provision of income tax return (updated) was inserted in Budget 2022 that allows taxpayers to update/ file the income tax return (ITR) on payment of additional taxes in case of errors or omissions. from mint - money

The latest Sebi circular dated August 1, 2024 highlights that university funds and university-related endowments are not required to make the additional disclosures subject to compliance with certain conditions. from mint - money

As the new rule takes effect, both buyers and sellers must adapt to this change. Understanding the implications and complying with the regulations will be essential to avoid unexpected tax burdens. from mint - money

PNB now offers 7.25 percent on 400-day fixed deposit. On 300-day FD, the revised rate of interest is 7.05 percent. from mint - money

The HSBC Live+ Credit Card offers features like 10% cashback on the food category, 15% discounts on dining at participating restaurants, four complimentary domestic airport lounge access, etc., making it a decent cashback credit card to consider. from mint - money

Unyalthy financial habits have been cultivated by many of us, which can hinder our progress. The first step in breaking these habits is realizing what they are. from mint - money

When interest rates rise, it’s an opportunity to boost your FD returns. By applying strategic approaches, you can take full advantage of higher FD rates and maximize your overall investment gains. from mint - money