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Source: Live Mint I applied for Portugal Golden Visa with my children’s education in mind. I was been granted one and now live in Portugal where I have my own business. Since I’m an Indian citizen, how will my NPS annuity be taxed in India? Will it change if I apply for Portuguese citizenship in…
Source: Live Mint Capital markets regulator Securities Exchange Board of India (Sebi) has alluded that the daily transaction limit for capital market transactions is set to be raised to ₹5 lakh. The daily transaction limit currently stands at ₹2 lakh. Notably, this is not a final announcement but a part of the Sebi’s consultation paper…
Source: Live Mint Some people carry forward outstanding on multiple credit cards, which is time consuming to manage. They also pay a high interest rate of up to 3.75% per month on credit card outstanding. What if these people could consolidate the outstanding debt on multiple credit cards into a single credit card for ease…
Source: Live Mint However, his credit card statement in August 2024 shocked him. He was charged the annual fee despite spending ₹16 lakh— ₹1 lakh more than the fee waiver threshold—in the year since his card was issued. To be sure, all banks levy the annual fee on the first statement after 12 months from…
Source: Live Mint If you have recently started using a credit card, it is recommended to avoid exhausting its entire credit limit. Ideally, a card user is expected to keep the credit utilisation under 30 percent of the overall limit. For example, when the credit limit of your credit card is ₹10 lakh, the credit utilisation ratio…
Source: Live Mint As the Indian economy evolves and moves towards becoming the third largest in the world after the US and China so are the aspirations and wishes of Indian youth. Having a car hence is now more than a status symbol. It adds convenience and elevates one’s lifestyle. In this ever evolving growth…
Source: Live Mint In the Union Budget for 2022-23, India’s finance ministry introduced the concept of updated tax returns to promote voluntary tax compliance. At the time, finance minister Nirmala Sitharaman said that its purpose was to motivate taxpayers to voluntarily disclose any income omitted in their original tax filings. Three years on, this initiative…
Source: Live Mint I want to redeem equity mutual funds this financial year but keep gains under ₹1.25 lakh to avoid capital gains tax. How can I check the split between principal and gains before withdrawing? Is there a portal, app or website for easy calculation? —Name withheld on request While there is no specific…
Source: Live Mint But here’s the catch: While Budget 2025 offers a welcome increase in the tax rebate limit, only certain types of income qualify for this benefit. Capital gains, whether from property sales or stock market profits, are excluded from the rebate, meaning Mr. A’s tax savings won’t be as generous as he initially…
Source: Live Mint Imagine getting a salary bump, only to find that your tax bill eats up most—if not all—of your raise. While the new tax regime in Budget 2025 promises no tax on incomes up to ₹12 lakh, it doesn’t necessarily mean that earning a little more is always beneficial. Thankfully, marginal relief has…
