Page 71 - Sunainaa Chadha

Tougher tax rules for property owners but rollover relief offers solace

The rollover benefits aim to soften the blow for those reinvesting their proceeds in other residential properties.

No indexation? LTCG tax could go up 290% on properties bought after 2010

Longer holding periods correlate with higher taxes with or without indexation. Without indexation, the taxes are comparatively higher

1 in 2 Indians reject bank, credit card applications over complex ID checks

Identity checks are on the rise but two in five Indians will stop or reduce the use of existing accounts if the identity verification experience is poor

Households lose Rs 60,000 cr a year on F&O gambling! The risk explained

Sebi is proposing new rules to make F&O trading less attractive to everyday investors.

Visiting Dubai? You can opt for this first-of-its-kind RuPay AED forex card

The Thomas Cook RuPay AED card offers a host of benefits, including complimentary travel vouchers worth Rs 13,900, lounge access, free ATM withdrawals in the UAE

Income Tax Return deadline ends today: Consequences for late filers decoded

One can also file a belated return, but there are several consequences. Firstly, a late filing fee ranging from 1k-5k may be imposed under Section 234F of the Income Tax Act

Explained: How new tax rules impact your mutual fund investments

The Union Budget 2024 introduced significant changes in the taxation of mutual funds, impacting both short-term and long-term capital gains.

Delhi-NCR emerges as 5th most expensive office space rental market in APAC

Despite a challenging global economic backdrop, prime office rents have remained remarkably stable. This stability, coupled with a 50% surge in transaction volumes during Q2 2024,

SBI MF launches Innovative Opportunities fund: Key details about the NFO

The New Fund Offer opens on Monday, July 29, 2024, and closes on Monday, August 12, 2024 and the Nifty 500 TRI will serve as the fund's benchmark.

Budget 2024 has created a new investment avenue: NPS Vatsalya scheme

When the minor reaches adulthood, their account will automatically convert to a regular NPS account.

Property owners will now have to pay more tax as Budget 2024 plugs loophole

Income arising from any kind of rentals from house property shall be taxed under the chapter "income from House Property" which allows specified deductions.

AUM of Index funds crosses Rs 2 lakh cr, Nifty50 dominates with 70% share

The index funds category assets were at a record high of Rs 2.43 lakh crore as of June 2024, and has seen a surge of nearly 900% in assets in the past three years.

CBDT issues FAQs on new capital gains tax regime: All you should know

A flat 12.5% tax rate has been introduced for all long-term capital gains, regardless of the asset class.

Budget 2024: All the key changes to capital gains tax explained

The government has introduced a flat 12.5% tax rate for all types of long-term capital gains, regardless of the asset class. Previously, the rate varied based on the asset type.

Tax portal glitches galore: 49% of India's taxpayers yet to file ITR

Over 4 crore returns have been filed as per Income Tax department as of July 22

Bigger investments, smaller costs: New Demat account rules explained

If you have a BSDA, there will be no charges applicable on electronic statements. In case you opt for physical statements, a charge of Rs 25 per statement will be applicable.

Indian passport weakens: Why the rich are in a rush to move out of India

Indians have suffered a dip in their global mobility this year, with India dropping from 80th to 82nd place on the Henley Passport Index between January and July, implying that Indian citizens have vi

Singapore is world's most powerful passport, India stands at 82nd spot

Owning a Singapore passport now gives you visa-free access to a record 195 global destinations, putting the city state at the top on the Henley Passport Index.

How Budget 2024 impacts mutual fund investors and what should you do?

The long-term capital gains tax on equity-oriented investments will also be spiked from 10 per cent to 12.5 per cent from July 23, 2024.

Selling your house? Budget 2024 may have increased your tax burden

Budget 2024 removes indexation benefit for property sales, increasing capital gains tax.