Middle-income investors realising there is money to be made via MFs: Sanjay Sachdev
Sanjay Sachdev, Chairman of Zyfin Holdings, says the laun...
ITR filing: All you need to know about treatment of income from self-occupied property
A house property is ‘self-occupied’ when the owner or family members use it for residential purpose. It could be termed ‘self-occupied’ even where the house was not occupied throughout the year due to owner’s employment at another place.
More reforms needed to boost jobs, incomes: OECD
Restoring growth to the higher levels needed to provide ample jobs and ease inequality will require accelerating the pace of structural reforms to revive investment and exports.
Andhra Bank flips position, to redeem perpetual bonds
At first, the bank had last week decided not to exercise the “call option”, an early exit route for investors.
Income tax dept conducts search operations on stock brokers, traders across country
The search or survey action has unravelled the entire modus-operandi which has been adopted by the share-brokers and traders to trade into the illiquid stock options in equity derivative segment and thereby generate artificial losses or profit by executing reversal trades in a very short span of time.
Systematic Withdrawal Plan - A smart technique for regular income
SWPs allow you to withdraw a fixed amount of money at periodic intervals from a fund a fixed date every month, once every two months, or even quarterly . SW...
We are not done with stimulus: Nirmala Sitharaman on reviving economy
A personal income tax rate cut for Sitharaman would be difficult at this juncture.
'Do everything possible': On Armed Forces Flag Day, Rajnath Singh urges people to contribute
"Today the Nation is observing the Armed Forces Flag Day to honor India's bravehearts who sacrificed their lives while serving the country. We should support their families and do everything possible for their well-being and also for the welfare of India's Ex-Servicemen," Defence Minister Rajnath Singh tweeted.
OECD says India needs to step up reform efforts to increase quality jobs, incomes
The latest OECD Economic Survey of India notes that while India has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
Will consider suggestions for personal I-T cut: Finance minister Nirmala Sitharaman
Her comments on personal income tax rates came in response to a question from TMC member Saugata Roy during a discussion in Lok Sabha where she was piloting the bill to amend corporate tax rates. She said she valued everybody who earned their living, paid their tax and took care of their family and business. “So, personal income tax will be considered for its merit.
Giving Aadhaar number in lieu of PAN? Make sure you have linked both. Here's why
CBDT issued a notification in August where it stated that if someone without a PAN card quotes their Aadhaar number, then the income tax department will consider this an auto-application for PAN and it will be issued to the individual.
Hawala probe: I-T Dept issues notice to Congress for receiving Rs 170-cr funds from Hyderbad-based firm
The notice has been issued to the party here to take the probe forward in a case that was unearthed last month after multiple raids were conducted in Delhi, Mumbai and Hyderabad with links to "leading corporate houses" in the infrastructure sector.
How should a retiree invest Rs 3 lakh to generate monthly income?
You can invest in Pradhan Mantri Vaya Vandana Yojna (PMVVY), which is open till 31 March 2020. The scheme earns an annual interest of 8%, payable monthly, and thus an investment of Rs 3 lakh will provide you with a decent monthly pension income.
How your personality influences your income
A Truity survey of more than 72,000 people shows extroverted workers had a substantial income advantage over introverted colleagues. A similar difference exists for judgers and perceivers. And, thinkers out-earn feelers.
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