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Source: Live Mint As the Union Budget 2025 draws near, there’s a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. These proposed reforms aim…
Source: Live Mint To address financial needs, you typically have two alternatives: save regularly to accumulate enough money or borrow it now and repay it over time. Borrowing can be made for a range of purposes, whether to meet a personal emergency (personal loan) or to invest in your business (business loan), among other reasons….
Source: Live Mint In the current financial landscape, women entrepreneurs are becoming a strong and emerging force in India. To promote and support the participation of women in the economy, the government has introduced several loan schemes to empower such entrepreneurs. Such schemes aim to empower women by providing them with the financial resources needed…
Source: Live Mint Small industries contribute a significant portion to the Indian economy and provide a major source of employment in the country. However, this sector also faces immense competition from major multinational companies. Some businesses may find it difficult to access funds in favourable terms. Therefore, the government of India has several loan schemes…
Source: Live Mint If you have just started using a credit card, it is understandable to be tempted to use it for a range of expenses. And as you use the card for anything—ranging from making a bill payment to buying merchandise—you will be entitled to a 45-day interest-free period. During this moratorium of sorts,…
Source: Live Mint Besides being handy devices for transactions, credit cards offer very good opportunities to earn rewards, especially on occasions. Knowing how to make the most of your seasonal rewards is essential if you want to exploit these fully. Here we will know how to cash in on the benefits offered by credit cards…
Source: Live Mint The United Kingdom’s (UK) top 100 taxpayers list revealed that the number one taxpayer in the country is not amongst the top celebrities like Ed Sheeran or JK Rowling, it is someone know to former British Prime Minister Rishi Sunak, reported the news portal The Sunday Times (UK). According to the news…
Source: Live Mint So, what do you do if you already have two residential properties in your name but wish to buy a third one for your child or parents with the sale proceeds of another asset? Transferring one of the residential properties or non-residential assets to your family may help in some cases. Let’s…
Source: Live Mint Consider this. Of the Central Board of Direct Taxes’ (CBDT) total tax demand of about ₹42.3 trillion in financial year 2023-24, about 74%, or ₹31.4 trillion, was under dispute, as per the parliamentary standing committee’s report in December. The largest pendency in litigation lies at the first appellate level—the Commissioner of Income…
Source: Live Mint Fixed deposits (FDs) for super senior citizens are designed to provide steady income at a higher interest rate compared to regular FDs. Several banks provide various FD schemes for super senior citizens at varied interest rates. India’s biggest lender, State Bank of India, offers the SBI Patrons scheme for super senior citizens….
