If you are planning to invest in a mutual fund, then it is recommended to examine the past returns of that scheme vis-a-vis other schemes in the same category. The past returns give a fair idea of how that scheme has performed over a period of time, thus giving an indication of its future prospects….
Selecting an insurance plan can be a hassle. You need to choose the insurance company and then the insurance product. Certain ratios play a key role when comparing insurers. We list the best insurers in terms of different ratios, along with brokers’ ratings depicting their experience of working with insurers, based on the Insurance Brokers…
Open for public feedback until 3 January 2025, the proposal emphasizes inclusivity while reinforcing market integrity through stringent safeguards. Decoding the proposal Sebi’s draft framework outlines key measures to make algo trading accessible yet accountable. Retail investors will be able to participate through brokers, who must obtain exchange approvals for each algorithm before deployment. Each…
If you carry a credit card from India while travelling abroad and use it at a merchant overseas, you should remember that you will be charged a conversion mark-up fee. This mark fee typically varies between 1.5 to 3.5 percent of the converted Indian currency. Over and above of this conversion mark up fee, you…
Since April 2023, fresh investments in the growth option of debt mutual funds have been taxable at the marginal income tax rate for short-term capital gains (STCG). For most investors, this is 30% plus surcharge and cess. The dividend option, now called income distribution cum capital withdrawal (IDCW) option, was already taxable at the slab…
I have a few queries regarding income tax on gifting shares. Me (Arvind) => A; my brother’s wife => B; my friend => C 1. If A gift equity shares to B, what tax implication will A and B have? 2. If A lends shares to B by transferring them to B’s demat account and…
Here’s how much costs of some of the popular European residency programmes have escalated in recent years. Portugal The cost of Portugal’s Golden Visa, which allows you to apply for permanent residency after five years, has risen 78% from €280,000 ( ₹2.49 crore) to €500,000 ( ₹4.45 crore). There have been changes in terms of…
As the third installment of advance tax is due on December 15, taxpayers are reminded of the importance of adhering to this deadline to stay compliant and avoid penalties. Advance tax, often referred to as the “pay-as-you-earn” tax, is a requirement for individuals and businesses whose tax liability for the financial year exceeds ₹10,000. Who…
The deadline for the third instalment of advance tax is December 15, 2024. Taxpayers must pay the advance tax before the due date to avoid penalty. What is advance tax? Advance tax is a part of income tax that is paid in instalments at different deadlines rather than paying the entire amount at once. It…
The term “advance tax” describes the portion of income tax that must be paid in instalments by the deadlines rather than all at once. Both individuals and businesses must pay income tax in advance in recurring instalments rather than in one lump sum. If taxpayers’ income tax liability exceeds ₹10,000, they must pay advance tax;…
