The FinTech Hub
Source: Live Mint India is a country that cherishes relations, humility, and affection. Perhaps that is why being a loan guarantor might easily appear to be a mere act of kindness. However, it is important to acknowledge that being a loan guarantor entails high risks and complications you should be aware of. Below are seven…
Source: Live Mint First, let us understand the tax rules for selling short term and long term investments. Short-term capital gains (STCG) on assets held for less than a year are taxed at 20% and long-term capital gains (LTCG) on assets held for over a year are taxed at 12.5% beyond ₹1.25 lakh. By selling…
Source: Live Mint Several surveys over the years have consistently shown that a significant portion of Indians don’t have an emergency fund. This lack of financial knowledge and contingency funds has resulted in most remaining vulnerable to financial difficulties such as medical emergencies, sudden layoffs and unexpected expenses. One such survey, conducted recently by Finology…
Source: Live Mint HDFC’s SmartBuy and Axis Bank’s GrabDeals have long dominated the space. Now, ICICI Bank is upping the ante with iShop, its new rewards platform that levels the playing field. From February, ICICI Bank introduced accelerated rewards—6X on flights, 12X on hotels, and 6X on vouchers—making all its credit cards more rewarding. The…
Source: Live Mint I have incorporated an IT company abroad. I want to transfer money to my own account abroad and give a loan to my company outside India. Can I avoid TCS by doing this? -Name withheld on request. Tax collected at source (TCS) is applicable on all remittances made under the Liberalised Remittance…
Source: Live Mint Despite boasting a thriving ecosystem of new-age technology companies (NATCs) across diverse sectors such as technology, renewable energy, and artificial intelligence, many face significant challenges in accessing domestic capital markets, which limits their potential to scale and compete globally. Reflecting on report’s findings, reminds us of Sebi’s 2019 redesigning of institutional trading…
Source: Live Mint I have an apartment that I want to sell. If I sell it before 31 March this year, will I have to pay the entire capital gains tax as advance tax by 31 March? My reservation is that the seller will pay me in 2 instalments so I will not have enough…
Source: Live Mint The next step is the online registration process–uploading the documents and submitting the application and Aadhaar authentication through OTP. However, the process may not be as simple as it sounds. GST (goods and services tax) officers often ask for additional allied registrations, such as shops and establishment licences, MSME Udyam certificates and…
Source: Live Mint Many people spend their lives chasing wealth, believing it to be the ultimate measure of success. Yet, despite amassing fortunes, they find themselves unfulfilled. Is money really the key to happiness, or is there something more? Money as a measure of success In today’s world, success is often equated with wealth and…
Source: Live Mint Converting your Kotak credit card transactions into EMIs can provide much-needed financial relief, especially when you are faced with large expenses. This facility allows customers to manage their repayments more conveniently, spreading the cost over a manageable period. Kotak Mahindra Bank’s EMI conversion options for credit card transactions Kotak Mahindra Bank has…
