Life Insurance Corporation’s (LIC) Dhan Vriddhi Plan 869 is a non-linked, non-participating, single-premium life insurance plan with savings protection.
The annual exercise of tax filing becomes tedious if proper information is not available. Here is the list of documents you can refer to before you file your income tax return for the year
MP Commercial Tax Commissioner Lokesh Kumar Jatav said the state Goods and Services Tax (GST) Department got the initial clues of this big tax evasion during a month-long investigation of e-way bills of an establishment in...
State Bank of India has in its fourth edition of SBI Hive highlighted 14 common frauds, such as pending electricity bill, refund of tax, order cancellation, fake social media handle, among others that hackers typically use...
The Government of India on Monday launched the Sovereign Gold Bond Scheme 2023-24, with a Rs. 50 discount per gram of gold on online purchases
Pay your first advance tax instalment by June 15 to avoid penalty.
Any tax benefit claimed under Section 24(b) in respect of interest shall not be reversed. LTA benefit can only be claimed for journey undertaken to any place within India. Always inform your home loan lender of your existing...
No deduction can be claimed under Section 80C in respect of principal repayment made prior to the year of possession. There is no provision for tax exemption for LTCG if you repay the home loan taken for a residential house....
Finance ministry joint secretary (Tax Policy and Legislation) Raman Chopra said the government would soon issue a clarification on the mode of applicability of...
In case of death of the PPF accountholder, the nominee or the legal heir can claim the amount lying in the PPF of the subscriber
Here are some of the major developments from the world of crypto over the past few days.
Although there are many mutual fund schemes, no fund can always provide superior returns. So, keep track of their performance to reap the most benefit
The income tax department has released online forms for ITR-2. Online ITR is an easier way for individual taxpayers to file their returns. Read on to know who...
Filing taxes in India can be challenging, especially without Form 16. However, you can easily navigate the process with the right approach and proper...
The interest rate on Floating Rate Savings Bonds (FRSB) is set to increase from the current 7.35 per cent to 8.05 per cent in July 2023. OLM takes a look at...
Deloitte India said that there are increasing opportunities in business services exports from the country
You cannot revise old income tax return. Under Hindu Law, only a coparcener can be become the karta of the HUF. Income from sale of house is taxed as capital...
The Mahila Samman Savings Certificate scheme, which is aimed at encouraging more women towards investing, has received a tax deducted at source exemption on...
By merging your different provident fund accounts, you can prevent significant tax outgo. Here’s how to merge your accounts and optimise your provident fund...
The income-tax portal has been rated the most effective among corporates due to its ease of use and ability to maintain an e-documentation trail.
You can tap into your employee provident fund (EPF) to repay a home loan by following a few simple steps online with the correct documents, such as an Aadhaar...
Under the tax laws, a person can have maximum of two houses as self-occupied. One can claim deduction under Section 80E on education loan taken for spouse. Tax...
There are ways to make your home loan interest-free. Read on to learn more.
Choosing the right tax regime can be confusing, especially if you have a home loan. Therefore, it's important to evaluate all options carefully to maximize tax...
Investing in a second home for rental income can be a smart move to diversify your portfolio and generate a steady stream of passive income; however, remember...
