The FinTech Hub
Source: Live Mint Are you contemplating applying for a new credit card at a bank? It is definitely a smart thing to do but you should apprise yourself of its pros and cons, and importantly of its key characteristics. Here, we give a lowdown on the usage of a credit card, and its key features…
Source: Live Mint For non-residents, two sets of legal frameworks apply to them. The first legal framework is provided under the Income Tax Act of 1961, which deals with taxing Non-Residents’ income. The other legal framework is provided under the FEMA (Foreign Exchange Management Act) 1999, which deals with investment avenues available to non-residents and…
Source: Live Mint We are residents of Mumbai and have an HUF in the name of our father, who owns various movable and immovable properties. It has three married sons, and their family members are members of the HUF. After my father’s death, my eldest brother worked as a Karta at the HUF. We plan…
Source: Live Mint I sold some shares during the current year on which I earned some Long Term Capital Gains (LTCG) and immediately invested the sale proceeds to buy a residential flat, say flat A, to claim exemption u/s 54 F in June 2024. I sold another of my flats before 23rd July 2024 (Not…
Source: Live Mint Ganesh Chaturthi marks the beginning of the festive season in India, a time associated with new beginnings and prosperity. It’s an auspicious period to reflect on your financial journey and make informed decisions that align with the blessings of Lord Ganesha. Market activity typically increases during this season, offering growth opportunities. Recent…
Source: Live Mint From time to time, you may get a message or email from your bank mentioning that you are eligible for an increase in the credit limit on your credit card. Some people who need a higher limit may accept the offer. Some people may ignore the message, thinking they are already using…
Source: Live Mint (ANI)- India’s digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year (YoY) in FY 2023-24, according to a new report by PwC. The report projects that the industry will experience threefold growth, with transaction volumes set to rise from 159 billion in FY 2023-24…
Source: Live Mint Starting October 1, 2024, significant changes will be implemented in the taxation of share buybacks, shifting the tax burden from companies to shareholders. Companies are taxed at 23.296 per cent on buyback transactions, covering surcharges and cess, while shareholders face no tax on the buyback proceeds. Under the new rules, buyback proceeds…
Source: Live Mint Beta measures the volatility, or systemic risk, of a security or portfolio compared to the market. For instance, a company operating in a cyclical industry may carry some specific risks. The company’s stock, therefore, may be more volatile than the overall markets and hence have a high beta. The same may be…
Source: Live Mint Are you prompt in paying rents to your landlord? If you are consistent with rent payments and live in Mumbai, you would be able to avail loans on that basis alone soon. Regular payments would also earn rewards, a rent credit score and a Residence Card (R-Card) that would store all the…
