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Source: Live Mint If you are a credit card user and a travel freak at the same time, it is recommended to opt for a travel credit card which makes attractive offers at the same time. This way, you can enjoy the same services at a discounted price while making use of the 45-day interest free credit…
Source: Live Mint The “crisper and simplified” new Income Tax Bill 2025 has replaced the term ‘previous year’ from the 60-year-old Income Tax Act, 1961, with ‘tax year’ and done away with the concept of ‘assessment year’, a PTI report noted. The new I-T Bill, with 536 sections, and 23 chapters running into 622 pages,…
Source: Live Mint The New Income Tax Law is set to become a reality soon. Union Finance Minister Nirmala Sitharaman will table the new legislation in Parliament on Thursday . Upon accesssing the first draft of the bill, we have realised that this is quite in line with what is being expected from it. It…
Source: Live Mint The New Income Tax Bill, set to be presented in Parliament on Thursday, February 13, will span over 622 pages and aims to replace the six-decade-old Income Tax Act of 1961. Once passed, the proposed legislation will be called the Income Tax Act, 2025, and is expected to take effect in April…
Source: Live Mint The popularity of passive investing among investors who seek low-cost automation solutions has surged through the use of index funds together with Exchange-Traded Funds (ETFs). Most investors choose passive funds since they provide broad market coverage at lower operating expense levels. Some investors miss crucial threats that exist in their investments. This…
Source: Live Mint In the past six months, RIL is down 15%, and Jio Financials is down by 28%. “In the coming weeks and months, we will begin pruning our defensive exposure toward more cyclical and growth-oriented segments,” Quant Mutual Fund said in a recent communication to investors. For context, the benchmark Nifty 50 is…
Source: Live Mint New Income Tax Bill 2025 LIVE Updates: The new Income-Tax (I-T) Bill, announced by Finance Minister Nirmala Sitharaman during her Budget speech on February 1, is likely to be tabled in the Lok Sabha on Thursday, as per reports. Approved by the Union Cabinet on February 7, the bill was expected in…
Source: Live Mint In Union Budget 2025, Finance Minister Nirmala Sitharaman announced an increase in the Kisan credit card limit from ₹3 lakh to ₹5 lakh. This step has been taken by the Government of India to primarily enhance credit access for farmers, facilitate financial inclusion, promote financial support for agricultural needs and boost rural…
Source: Live Mint National Payments Corporation of India (NPCI) has issued fresh instructions with regards to UPI transactions relating to auto acceptance and rejection of chargebacks basis the Transaction Credit Confirmation (TCC) and returns. The digital payments body has rolled out auto acceptance and rejection of chargebacks basis the TCC/RET raised by the beneficiary bank…
Source: Live Mint The Union government has disbursed ₹1.11 lakh crore approximately, as interest free loans to states between April and January. This money has been disbursed under the Special Assistance to States for Capital Expenditure scheme as detailed in a report by PTI. Pankaj Chaudhary, Minister of State for Finance shared this information, highlighting…
