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Source: Live Mint In 2023, new tax regime became a default regime which means the taxpayers must opt out of the new tax regime to be able to claim tax exemptions given under sections 80C, 80D and 80G, among others. The provision under section 80C enables taxpayers to claim deduction for investing in various financial…
Source: Live Mint What is the one important thing you can do now to take charge of your financial future? During a financial planning discussion, a client realized he had several major actions to take to streamline his finances. Although everything was clear, he was slightly overwhelmed and didn’t know where to start. To ease…
Source: Live Mint Life insurance policies that also promise guaranteed income entice people with claims such as: “Pay ₹1 lakh for 10 years and get ₹22 lakh lump sum after 20 years”, or “pay ₹1 lakh for 12 years and start getting ₹2 lakh from the 14th year onwards for the following 12 years”. A…
Source: Business Standard GST | (Photo: Shutterstock) 2 min read Last Updated : Sep 15 2024 | 7:55 PM IST The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar…
