news hub

What property owners need to know about LTCG and taxes when selling floors of inherited real estate. from mint - money

A shift from spot to rupee-margined futures is helping crypto investors cut tax bills and sidestep TDS, but regulators could shut the door anytime. from mint - money

The recent cap on capital gains exemption for residential property has caused confusion among taxpayers. While the intention is to curb tax evasion by the ultra-rich, the intricacies of the law leave room for disputes. How can taxpayers navigate these grey areas?  from mint - money

ITR filing: To register on the Income Tax portal, follow a step-by-step process including entering your PAN, validating it, and providing personal details. After confirming your information and creating a password, your e-Filing account will be set up. from mint - money

Money rule changes from September 2025: From September 2025, new financial rules including ITR filing, UPS deadline, silver hallmarking and more. from mint - money

ITR filing: The Income Tax department has a number of guidelines and protocols they follow when they send a tax notice. Therefore, once you receive a tax notice, you need to check for details to identify if it is real or fake. from mint - money

The new rate beginning at 8.15% p.a. is applicable on loans for the purchase of a new car and is linked to a borrower’s credit profile. from mint - money

Best mutual funds: Incidentially dividend yield funds are not very popular and there are a total of 10 schemes in this category with total assets under management of ₹32,558 crore. from mint - money

PPF offers 7.1 percent per annum, which is higher than interest rates offered on fixed deposits. Additionally, earnings on PPF are tax free unlike interest on FDs from mint - money

ITR Filing: Income tax notices are official communications regarding discrepancies in tax returns. To manage these notices effectively, taxpayers should diligently review them, verify their authenticity, respond with evidence, and track updates through the Income Tax Portal. from mint - money

Consistently following proven credit card and loan habits, such as timely payments, low credit utilisation, and checking credit reports, strengthens your credit score and boosts overall loan eligibility. from mint - money

Urbanisation and digitisation are reshaping India's consumption landscape, enhancing access to credit through innovations like UPI and BNPL. from mint - money

To raise the level of credit score from 550 to 750 within a short period of time, it is vital to make a checklist of Dos and Dont's, and stick to it religiously from mint - money

Filing ITR 2025: Taxpayers need to keep a few important documents ready before filing the income tax return. from mint - money

Unlike conventional offerings tied to a single asset manager, Edelweiss multi-manager fund follows an open-architecture model and is designed for NRIs and overseas citizens of India  from mint - money

Smart credit card moves like timely bill payments, low utilisation, card history, and a healthy credit mix can boost your credit score faster while ensuring long-term financial stability. from mint - money

The joining and annual renewal fee of the Flipkart SBI Card is ₹500 plus applicable taxes. Upon successful application, cardholders can avail welcome benefits worth ₹1,250. from mint - money

No tax is levied when you inherit property, but capital gains hit once you sell, but there are hacks to reduce your tax burden. from mint - money

India's financial landscape is shifting as women gain access to banking and digital finance. The Financial Inclusion Index rose from 43.4 in 2017 to 64.2 in 2024, with women holding 55% of Jan Dhan accounts. from mint - money

Income tax: Lottery and game show winnings are taxed at a flat 30 per cent with no deductions, exemptions or slab benefits, making accurate disclosure of gaming income crucial for taxpayers. from mint - money

A fake credit card scam was busted in Gurugram where fraudsters tricked users with bogus offers; here are essential tips to protect against fraud calls and safeguard financial data. from mint - money

Switching jobs can impact personal loan approval as lenders assess job stability, credit score, income, and repayment history, making employment continuity vital for boosting loan eligibility and financial confidence. from mint - money

YES BANK POP-CLUB Credit Card: The card provides 10% POPCoins on online spends and 2% POPCoins on offline spends, with 5% additional POPCoins on UPI spends. from mint - money

Dream Sports is set to launch Dream Money, a personal finance app allowing investments in gold and fixed deposits. This move follows the suspension of paid contests on Dream11 due to new online gaming regulations, aiming to diversify the company's offerings. from mint - money

London, consistently ranked among the world’s 10 most expensive cities, demands its share of financial and lifestyle adjustments. from mint - money

ITR Filing: Weddings are a huge deal in India and receiving gifts during your wedding is part of culture. But how are wedding gifts taxed? How to declare them in your income tax filing? Find out here. from mint - money

Taxpayers filing Income Tax Returns must select the right form if they have income from house property income to file their tax return correctly. Here's everything you need to know about reporting income from property in your ITR.  from mint - money

Bollywood's well-respected Jackie Shroff's family turned a party into a megadeal opportunity to turn their investments into multifold gains. Read how they turned their returns to the growth tune of ₹1 lakh to ₹100 crore over 15 years. from mint - money

Improving your eligibility for high-value personal loans requires strong credit scores, low debt-to-income ratio, stable income, limited loan applications, and accurate documentation to boost approval chances and financial confidence. from mint - money

Credit Cards: Accrual of reward points on spends on digital gaming platforms/ merchants and government related transactions will be discontinued for certain cards from mint - money

Since April, inflows into small and mid cap mutual funds have seen an increase of 62 and 56 percent respectively in a span of just three months, reveals the latest AMFI data. from mint - money

Credit card frauds are rising as scammers trick users with fake reward points, phishing apps, and unauthorised transactions, highlighting the need for vigilance, secure banking practices, and quick reporting to avoid losses. from mint - money

Personal loan: Borrowers must first check the credibility of the platform by going through reviews on app stores before opting to borrow at a platform from mint - money

Section 139(9) of the Income Tax Act outlines why income tax returns are marked defective, highlights common mistakes, specifies correction timelines, and details steps to rectify errors for smooth filing in FY 2024-25. from mint - money

A borrower can take multiple personal loans if their DTI ratio is in a comfortable range, and the credit score and report support it. Multiple loans should be taken in an emergency and managed well. from mint - money

Not having taxable income doesn’t automatically mean you’re off the hook. The law looks at how you live, spend, and save—not just how you earn. from mint - money

Given RBI rate cuts, investors stand to earn lower on fixed deposits (FDs) and savings accounts, thus incentivising them to route their funds to debt mutual funds such as liquid funds, money market funds and corporate debt funds. Read to find more from mint - money

Merchants pay the fee, and the card-issuing bank earns most of it for undertaking the risk. The fee keeps the cycle of credit card payments up and running from mint - money

It is quite common for the card holders to keep two or more credit cards to expand credit limit without compromising credit score from mint - money

Reasons why customers close credit cards include high annual fees, rewards program devaluation, withdrawal of some features, the credit limit is low, etc. Closing old credit cards increases the credit utilisation ratio and reduces the credit history length, impacting the credit score negatively. from mint - money

The MWPA allows a married man to take a life insurance policy and designate the proceeds solely to his wife and/or children - no one else can take it. from mint - money

She believes that the complications would continue until both the tax regimes (old and new) are merged. She also recommends restoring a few tax deductions in the new tax regime to mobilise savings among themiddle class taxpayers. from mint - money

Mutual fund investors are recommended to invest money in regular intervals i.e. monthly or quarterly. from mint - money

Typically, RWAs limit coverage to the building structure, as content value varies across flats. Flat owners can purchase a separate policy to cover the contents of their homes. from mint - money

The bond offers an 8.05% interest rate and sovereign backing, but cannot be traded or sold on any exchange. from mint - money

The government’s new blueprint, GST 2.0, now being considered by a group of ministers (GoM), rests on three big goals: simplifying tax rates; fixing structural issues; and making life easier for both businesses and consumers from mint - money

The EPFO has introduced new rules for over 27 crore users to link Aadhaar with their UAN, aiming to simplify access to provident fund services and reduce paperwork. from mint - money

New Sebi amendments allow Alternate Investment Funds to manage unliquidated assets within existing schemes and extend liquidation timelines, but transparency, valuation, and investor exit hurdles remain. from mint - money

Investors can choose safe investing options including fixed deposits, post office deposits, National Saving Certificate (NSC), public provident fund and debt mutual funds from mint - money

Under this loan scheme, Agniveers with a salary account at SBI can avail loans up to ₹4 lakh without any collateral and with a complete waiver of processing fee from mint - money

The average per-capita debt of individual borrowers has jumped from ₹3.9 lakh in March 2023 to ₹4.8 lakh by March 2025, the highest in our history. from mint - money

From reinforcing existing vulnerabilities and wrong credit scoring to fraud detection – AI can falter on a range of things, highlights RBI's Free AI Committee Report from mint - money

A personal loan processing fee is a one-time non-refundable charge covering administrative costs, with rates varying by lender, loan size, borrower profile, and applicable GST, affecting overall borrowing costs. from mint - money

If so, what should I look for in a policy? from mint - money

The 50/30/20 rule is a budgeting strategy that allocates income into three categories: 50% for needs, 30% for wants, and 20% for savings. The method aims to help people manage their finances effectively, ensuring essential expenses are covered while allowing for discretionary spending and savings. from mint - money

India’s unlisted market is seeing record growth, with top names delivering triple-digit returns. But with limited liquidity, higher risk, and minimal oversight, smart navigation is key. from mint - money

The personal loan agreement mentions all the terms and conditions like loan amount, interest, tenure, processing fees, partial prepayment and foreclosure fee, etc. The borrower must read it carefully before signing it. from mint - money

The average balance requirement is ₹2000 to ₹100000 in urban centres. Non-maintenance fee varies from ₹150 to ₹1000; private banks also offer ‘zero balance’ savings accounts from mint - money

Revised Income Tax Bill 2025 passed with fixes on refunds, Nil TDS, property income deductions, and pre-construction interest, aligning the law with long-standing provisions of the 1961 Act. from mint - money

For personal loan eligibility, the freelancer’s age must be within the bank’s specified age band, have a stable monthly income, and have a good credit score. from mint - money

Loan amount should be small enough to be repaid easily. When the amount of loan is too big, one may get tempted to raise fresh loan to repay the previous loan, thus pushing into a debt trap from mint - money

Some ways for new-to-credit individuals to build their credit score include taking a credit card based on the salary account, a secured credit card, an EMI plan for electronics, BNPL, etc. from mint - money

Investing in unlisted shares is not as straightforward as buying and selling listed stocks. It is fraught with risks that retail investors may not even be aware of. from mint - money

When it comes to the taxpayer—who may miss a form, a checkbox, or falter on minor procedural compliance—the tax authorities often rigidly insist on ‘form over substance’. from mint - money

ITR Filing 2025: Freelancers face unique tax challenges compared to salaried employees, including differing income classifications and deduction eligibility. Here's everything you should know  from mint - money

ITR Filing: First-time taxpayers can follow a step-by-step guide from the Income Tax Department for filing income tax returns. Key steps include registering on the IT portal, collecting documents, selecting the correct ITR form, and ensuring e-verification.  from mint - money

8th Pay Commission: The Terms of Reference are essential for the commission to operate effectively, impacting salaries for around 50 lakh employees and 65 lakh pensioners after revisions. from mint - money

The income tax department has activated ITR-5 for online filing, applicable to firms, LLPs, AOPs, and BOIs.  from mint - money

8th Pay Commission news: The 8th Pay Commission is expected to introduce a fitment factor of 1.8, leading to a 13% salary hike for central government employees, while the current structure is based on the 7th Pay Commission. from mint - money

By reviewing my subscriptions, I saved ₹2,028 this month. Using ChatGPT, I easily canceled services like Headspace and Google One. from mint - money

Best Mutual Funds: We list out top-performing focused mutual funds which delivered over 20 percent return in the past 5 years from mint - money

This feature reinstates your sum insured once it is used up. But make sure to read the fine print or it could be practically inaccessible when you need it the most. from mint - money

The Indian retail credit market, says the report, has been growing at a rapid pace and is projected to register a compound annual growth rate of 14-16 per cent between FY25 and FY28. from mint - money

ITR 2025: It is recommended to seek an expert's advice prior to filing of income tax return (ITR), however, you can do it on your own so long as it is not too complicated. But know the basics first from mint - money

Improving your credit score before applying for a personal loan increases approval chances and lowers interest rates by correcting errors, reducing debt, avoiding inquiries, ensuring timely payments, and maintaining credit history. from mint - money

Personal loan scams are evolving with fraudsters using fake pamphlets and forged identities to deceive borrowers, highlighting the urgent need for digital vigilance and lender verification. from mint - money

Debt collection is evolving into a customer-centric process focused on empathy, data-driven strategies, and respectful engagement to improve credit recovery and enhance the overall customer experience. from mint - money

Investors are typically expected to maintain a debt-equity ratio of 30-70, which means keeping the total value of equity funds and other securities at 70 percent of overall portfolio, and that of debt assets at 30 percent. from mint - money

Virtual credit cards help manage online transactions securely and support credit score growth through responsible use of the linked physical credit card account and timely repayment behaviour. from mint - money

Instant personal loans offer fast access to credit, but borrowers in the country must avoid key mistakes like overborrowing, ignoring credit scores, and hidden charges to manage debt effectively. from mint - money

Check out how capital gains are taxed in the country, detailing short-term and long-term gains, updated tax rates, exemption limits, and key rules for stocks, property, and mutual funds. from mint - money

In a recent LinkedIn post, a wealth management firm owner spoke about the disadvantages of combining insurance with investment, often yielding low returns. Here's what he suggested instead.  from mint - money

A weakening US economy, burdened by inflation and rising joblessness, could trigger stagflation. Here’s what that means for Wall Street, Indian exports, stock markets, and investor strategy. from mint - money

Saurabh Jain, MD at Standard Chartered, shares how disciplined investing, high savings, and long-term thinking helped him earn 17-18% CAGR over two decades. from mint - money

You need to mandatorily file your ITR if your total income is over ₹2.5 lakh under the old tax regime. For the new tax regime, the requirement is an income of ₹3 lakh and above. from mint - money

As per PF rules, both employees and employers are required to pay a certain amount, in line with the employee's salary, towards their provident fund. The amount is deducted from the basic salary of the employee, and the employer must match the amount as part of their contribution. from mint - money

The private lender has sent letters to payment aggregators such as Google Pay, Phone Pe, Mobikwik and RazorPay, informing them of its decision to levy a fee for UPI services, say media reports. from mint - money

Personal loans are versatile, unsecured options for financing various purposes, not just emergencies. They can improve credit scores when managed well. from mint - money