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Why you shouldn't rely on AIS for reporting stocks, MFs, derivatives in your ITR

Almost all transactions, including F&O and intraday trades, have still not found place in AIS.Details of dividend and interest income are mostly inaccurate in the statement

Livemint 20 Jul 2024 9:00 am

Nifty 50 vs gold: How would your 100 have fared in post-subprime loan crisis?

In the post-subprime crisis, the gold price has outshined the Nifty 50 index with an absolute return of around 590%, say experts

Livemint 20 Jul 2024 7:30 am

ITR filing: What is income tax rebate under section 87A and why are some taxpayers unable to claim it?

A number of taxpayers and chartered accountants have expressed their helplessness in not being able to claim 87A in some special cases, which include short-term capital gains chargeable under section 111A and long-term capital gains under section 112.

Livemint 19 Jul 2024 8:45 pm

Are you paying more just because you're a woman? Unveiling the pink tax

The 'Pink Tax' imposes higher prices on products and services marketed to women, exacerbating gender inequalities in economic empowerment and reinforcing harmful stereotypes.

Livemint 19 Jul 2024 2:54 pm

Navigating home: Financial steps for NRIs returning to India

NRIs coming back to India face unique financial challenges. From repatriating earnings to updating account statuses, this guide offers essential tips to help streamline the process and ensure a smooth transition.

Livemint 19 Jul 2024 2:26 pm

How is private credit reshaping investment opportunities in the Indian market?

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

Livemint 19 Jul 2024 1:17 pm

ITR Filing 2024: Why might your ITR form get rejected? Here are 8 key reasons

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.

Livemint 19 Jul 2024 10:43 am

Why should you seek the help of financial advisors to plan your retirement? Here are key reasons

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

Livemint 19 Jul 2024 10:24 am

Franklin India launches NFO: New players can get wide exposure via multicap MFs

Franklin India Multicap Fund NFO ends July 22, has 5,000 minimum investment, and 1% exit load for redemptions within a year. It allocates 25% to large, mid, and small caps, balancing 25% optimally with a QGSV framework. Themes: energy transition, financialisation of savings, and economy formalisation. Managed by Janakiraman, Kalluri, Sebastian.

The Economic Times 19 Jul 2024 7:27 am

F&O, intraday and delivery trading: How different types of trading are reported

All types of trading income are to be reported in income tax returns, even when the taxpayer has made only losses. We give you a rundown of how the different types work

Livemint 19 Jul 2024 5:00 am

Group insurance for startups: Policies to consider

The group programmes can be customized to specific requirements of a company.

Livemint 18 Jul 2024 10:51 pm

Quant Mutual Fund decreases cash holding to 7.17% in June

Out of its 21 equity mutual fund schemes, three held over 500 crore in cash in their portfolios as of June. Quant Flexi Cap Fund led the way with the highest cash allocation, reducing its holdings from 1,411 crore in May to 867.93 crore in June. Despite this significant decrease, the fund's total equity AUM remained substantial at approximately 6,017.25 crore.

The Economic Times 18 Jul 2024 5:31 pm

Income Tax Return Filing: Calls for extending deadline grow louder as glitches continue on I-T portal

Thanks to the spate of glitches, a number of taxpayers are now urging the income tax department for the extension of deadline on the social media.

Livemint 18 Jul 2024 5:12 pm

Can NPCIs new UPI credit line be an alternative for entry level credit cards?

NPCI introduces credit line on UPI allowing access to pre-sanctioned credit lines or loans from banks linked to UPI accounts. Customers can make payments without using bank balances, repay within specified timeframes, and avail low-ticket retail loans from banks.

Livemint 18 Jul 2024 3:11 pm

Personal loans for everyday living? Consider these 3 things before you borrow

Ananya fell into the allure of easy personal loans to fund her lifestyle, but faced challenges with high interest rates and escalating debt. Her experience highlights the importance of considering loan costs, managing EMIs within 35% of income.

Livemint 18 Jul 2024 2:30 pm

Alert taxpayers! These five technical glitches may impact your Income tax return (ITR) filing. Know here

ITR filing 2024: Taxpayers and professionals face technical glitches while filing income tax returns

Livemint 18 Jul 2024 1:50 pm

Special fixed deposits with higher interest rates: SBI vs Bank of Baroda vs Bank of Maharashtra

State Bank of India (SBI), Bank of Baroda (BoB), and Bank of Maharashtra launch special FD schemes with attractive interest rates

Livemint 18 Jul 2024 12:35 pm

Why should you consider sustainable investing for secure financial future?

Sustainable investing integrates financial returns with positive social and environmental impacts, appealing to a growing number of investors seeking to secure both wealth and a habitable future.

Livemint 18 Jul 2024 12:30 pm

NFO Watch: Tata Nifty India Tourism Index Fund is open for subscription. Key things to know

Tata Mutual Fund has introduced Tata Nifty India Tourism Index Fund, the first of its kind in the country, which includes companies from the Nifty 500 index focusing on the tourism sector.

The Economic Times 18 Jul 2024 12:06 pm

Income Tax: How do taxpayers with multiple income sources file their ITRs differently?

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.

Livemint 18 Jul 2024 11:39 am

Budget 2024: Make personal tax regime attractive to chart a path for Viksit Bharat

The governments 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.

Livemint 18 Jul 2024 11:22 am

Budget 2024: 7 income tax benefits you could expect from Finance Minister Nirmala Sitharaman on July 23

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

Livemint 18 Jul 2024 11:12 am

Decoding springing and current Powers of Attorney: Key factors to consider

Springing power of attorney becomes effective upon incapacity, while a current power of attorney is effective immediately.

Livemint 17 Jul 2024 5:41 pm

Budget expectation: Excluding family settlement from the rigours of anti-abuse provisions

A family settlement is a structured agreement aimed at amicably navigating challenges, ensuring equitable distribution of assets among members and resolving disputes to preserve family unity and minimise legal complexities.

Livemint 17 Jul 2024 4:36 pm

Moving abroad? Here's a checklist for managing investments as an NRI

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

Livemint 17 Jul 2024 2:52 pm

This distributor puts 99% of his clients' assets in PMS. Here's why.

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

Livemint 17 Jul 2024 2:15 pm

Looking for an investment advisor? Beware of fake testimonials, reviews

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.

Livemint 17 Jul 2024 12:23 pm

RIL, PowerGrid among top 10 stock holdings of Nippon India Mutual Fund in June

As of June 2024, the mutual fund boasts assets under management (AUM) of Rs 5.16 lakh crore. According to a report by Motilal Oswal Financial Services, here are the top 10 stock holdings of the fund house.

The Economic Times 17 Jul 2024 11:57 am

7 mutual funds added these stocks to their portfolio in June

The fund manager strategically adjusts the stocks in the portfolio to optimize returns. Here are the stocks recently added by seven mutual funds, as reported by Mutual Fund Insight from Nuvama.4o

The Economic Times 17 Jul 2024 11:44 am

Budget 2024: BankBazaar lists key income tax changes expected from FM Sitharaman

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.

Livemint 17 Jul 2024 11:31 am

ITR filing: Here is a lowdown on new income tax regime check exemptions and deductions

Under the new tax regime, lower tax rates come into effect and taxpayers are not allowed to claim deductions and exemptions when they file the income tax return. While the new tax regime is the default regime, it is not mandatory to adopt it.

Livemint 16 Jul 2024 9:37 pm

7 mutual fund NFOs open for subscription. Here is the break-up

Seven new mutual funds across six categories, including index, multicap, thematic, balanced advantage, ETF, and FoF (Domestic) are now open for subscription.

The Economic Times 16 Jul 2024 8:11 pm

Bank of Baroda, Bank of Maharashtra launch special fixed deposit schemes. Details here

Bank of Baroda has two special fixed deposit schemes on offer for investors. One with a tenure of 333 days offers 7.15 percent interest, while the other with 399 days offers 7.25 percent interest to depositors.

Livemint 16 Jul 2024 5:08 pm

RIL, Jio Fin and Adani Power, among top 10 stock holdings of Quant MF in June

In June, the fund house had the highest allocation of 11.2% in RIL. Adding 20.61 lakh shares increased its weight by 0.3% from the previous month.

The Economic Times 16 Jul 2024 4:51 pm

Mint Explainer: What are factor funds and how do they work?

Discover the emerging world of factor fundsan innovative blend of passive and active investing. Learn how these rule-based funds use specific criteria to select stocks and why they can help navigate volatile markets.

Livemint 16 Jul 2024 4:09 pm

What SBI Mutual Fund bought and sold in June? Heres the breakup

The largest fund house completely exited IREDA, Shipping Corporation of India Land & Assets, and Swaraj Engines.

The Economic Times 16 Jul 2024 4:07 pm

Rising EPFO, NPS subscribers point to spike in jobs: Report

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.

Livemint 16 Jul 2024 3:29 pm

Top 5 equity mutual funds offer up to 62% return in 2024 so far

In 2024 so far, equity mutual funds have delivered returns of up to 62%. During this period, approximately 583 equity and equity-oriented schemes were active

The Economic Times 16 Jul 2024 1:37 pm

4 key changes banks made that reduced credit card rewards

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.

Livemint 16 Jul 2024 1:01 pm

ITR Filing 2024: What is the penalty amount for filing income tax returns after the due date?

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.

Livemint 16 Jul 2024 11:51 am

Quant's Sandeep Tandon on redemption post Sebi raid and generating alpha for 80 lakh investors

The assets under management and NAV of the fund house are at lifetime highs and it has been able to generate alpha for over 80 lakh investors, Sandeep Tandon, CEO of Quant Mutual Fund, told ET Now .

The Economic Times 15 Jul 2024 7:28 pm

Should UPI transactions incur fees? Amazon Pay CEO's statement fuels discussion

Stakeholders incurred 2 for processing a UPI transaction with a value of 800, RBI estimated in August 2022, apex bank suggested IMPS like charges for UPI payments.

Livemint 15 Jul 2024 4:30 pm

Citi-Axis Bank credit card transition completes today: Billing cycle, reward points what will change and what won't

Axis Bank will complete the transition of Citi's credit card portfolio today. Axis Bank acquired Citibanks India consumer business in March 2023.

Livemint 15 Jul 2024 3:49 pm

SIP vs PPF: Which is the better investment option?

SIPs offer market-linked returns and flexibility, ideal for long-term goals. PPF provides guaranteed returns and tax benefits, suitable for risk-averse investors with long-term commitments.

Livemint 15 Jul 2024 3:34 pm

Why Ponzi schemes and investment frauds continue to be rampant

The simplistic reason why so many people become victims of Ponzi schemes is human greed, but there is more to it.

Livemint 15 Jul 2024 3:08 pm

ITR Filing 2024: Why should you verify your income tax return after filing it? Here are key reasons

Before their income tax forms are deemed valid, individuals must electronically validate them according to a deadline set by the Income Tax Department.

Livemint 15 Jul 2024 1:18 pm

ITR filing 2024: How to check income tax refund status online? A step-by-step guide

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.

Livemint 15 Jul 2024 12:00 pm

ITR Filing 2024: How can you verify your income tax return? A step-by-step guide

Verifying your ITR is crucial to confirm the authenticity and validity of your tax return.

Livemint 15 Jul 2024 10:47 am

Planning to visit your bank this week? Banks will remain closed for four days in these cities. Check here

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

Livemint 15 Jul 2024 9:39 am

New Tax Regime 2024: From implications to benefits; all you need to know

Tax advantages encompass exempt employer contributions to PF and NPS, deductible interest on home loan for let-out property, and tax-free reimbursements. New tax regime simplifies tax calculation with lower rates but fewer deductions. Taxpayers must assess financial goals before opting for a regime.

Livemint 15 Jul 2024 9:20 am

SBI raises lending rates by 5-10 bps across most tenures from today

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

Livemint 15 Jul 2024 9:10 am

Retail chases reward over risk, equity MF folio additions hit a record in June

In June 2024, 4 million equity mutual fund folios were added, raising the total to 133 million, according to AMFI. Sectoral funds, contributing 37.84% of gross inflows and over 40% of new folios for a second month, spearheaded this growth.

The Economic Times 15 Jul 2024 7:17 am

What is the definition of long term while investing in equities? MintGenie explores

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.

Livemint 14 Jul 2024 1:48 pm

How can single women build emergency funds? Here are 6 key ways

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.

Livemint 14 Jul 2024 1:23 pm

How this Darjeeling-based software engineer is aiming to retire early with a 15-crore corpus

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

Livemint 14 Jul 2024 12:07 pm