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Source: Live Mint The taxpayers’ deadline is approaching. December 31 is the last day to file belated income tax returns (ITR) with a ₹5,000 late fee. We look at how to file your delayed ITR online and what happens if you miss it. What is Belated ITR Filing? Those who could not file their ITR…
Source: Live Mint Motilal Oswal Mutual Fund has launched a new arbitrage fund with a unique zero-expense offer for the first year. The New Fund Offer (NFO) is open for subscription from 16-19 December. This offer is exclusively available for direct plans, catering to investors who prefer the direct investment route. What are arbitrage funds? …
Source: Live Mint When calculating the FIRE number, one rule of thumb is to simply multiply your annual expenses in the first year of retirement by the number of years of retirement. The number of your retirement years, in effect, becomes your expenditure cover multiple. If your annual expenses in the first year of retirement…
Source: Live Mint Fly often, rejoice! With the right credit card, you can enter the opulence and comfort of airport lounges and escape the bustle of congested airports. These cards make traveling easier and more enjoyable by offering free access to lounges both in the country and abroad. Here are some of the top choices…
Source: Live Mint When you apply for a personal loan, the banks consider different factors to determine the interest rate chargeable. Some of these are related to broader factors, like the macro interest rate scenario in the economy and RBI norms. Some relate to your profession and personal factors, like your credit score, past repayment…
Source: Live Mint I am a NRI and PIO. On December 15, I purchased two residential properties, which were paid for through my NRE account. What are the tax implications when I sell these properties? How can I remit the money outside India in foreign exchange (dollars)? What is the rate at which I would…
Source: Live Mint Indian taxpayers can now apply for a reprint of their PAN card for a nominal fee of ₹50, according to PAN 2.0 guidelines. The reprinted PAN card, which includes a QR code, will be dispatched to the applicant’s registered email address, and the physical copy will be sent to their address. This…
Source: Live Mint Taxes can hurt, but one can be smart about them. One of the many ways to save taxes is to create a family unit and pool assets to form a Hindu Undivided Family (HUF). An HUF has its own permanent account number (PAN) and files tax returns independently of its members. “Think…
Source: Live Mint In a market environment where only 35% of portfolio management services (PMS) strategies have outperformed the broader indices, a disciplined approach on the part of PMS funds continues to deliver exceptional value for investors. Q2FY25 was a reset quarter for the market. FIIs were selling due to higher valuations and concerns about…
Source: Live Mint My 66-year-old aunt, who is still working at a private school, received ₹18 lakh last year from the sale of our ancestral property. She doesn’t need this amount for three to five years. Could you suggest the best investment options for her to ensure the growth and safety of her funds? -Name…
