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2.16 lakh gave up Indian citizenship in 2023: What's behind this exodus?

In 2023, the number of Indians who renounced their citizenship stood at 2,16,219 (2.16 lakh).

Explained: How to calculate capital gains tax on multiple demat accounts

For long term capital gains on equity shares, one must remember to factor in the benefit of grandfathering the cost for shares purchased before 31st January 2018.

Job hunting? Banking sector leads charge with 7.2% net employment growth

A new report by TeamLease Services reveals that the sector is set to witness a net employment growth of 7.21% in the first half of the fiscal year 2025.

Air India Express freedom sale: Get fares starting at Rs 1947 from today

Book your flights between now and August 5th for travel until September 30th, 2024.

Security devices lead India's smart home boom, mkt to hit Rs 36k cr by 2028

Security-centric devices such as smart cameras and locks are leading the charge in smart home adoption.

Luxury homes capture 45% of Delhi-NCR real estate sales, Gurugram leads

Gurugram has emerged as the epicenter of this luxury housing boom, accounting for nearly 60% of luxury sales in the NCR.

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.