Page 235 - Personal Finance

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.

Things you must check in your credit card statement: Check details

A statement is made available by your credit card company once a month, shortly after your billing cycle ends

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.

Maximise tax savings with home loan deductions: Check details to know more

Home loan borrowers should be aware of all the income tax breaks available on home loans, as this can substantially reduce their tax liabilities

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.

Don't let tax rate hikes disrupt wealth creation through equity funds

International, gold and silver funds and ETFs will be taxed more favourably from next year

Exit with indexation should be offered

When the government reintroduced taxation on listed equity in 2018, it took care to exempt capital gains accrued until the date of the 2018 budget

For your next holiday, dip into a luxury pool villa by the sea, hills

Resorts and hotels report rising demand from customers who want to idle or party by a pool

Costlier term cover: Opt for high claim settlement with low premium

Narrow down prospective insurers' list to well-known players with strong claim settlement ratios, then select one offering lowest price

Visa-free countries for Indians: From Americas to Africa, here's the list

As of 2024, Indian passport holders have visa-free access to 58 destinations around the world

Only 38% Indians debt-free, 40% lack emergency fund: What a survey reveals

About 40% of affluents and HNIs in India lack a sufficient emergency fund, and 27% haven't planned their taxes effectively

ITR filing: How to minimise your capital gains tax after 2024 budget

Investors should take advantage of the increased exemption limit of Rs 1.25 lakh for LTCG, ensuring that they maximise their tax-free gains

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.

How donations to crowdfunding campaigns can help reduce your tax burden

If you make any donation to qualified organisations, you become eligible for claiming the same as a deduction from taxable income

Pakistan to give visa on arrival to Sikhs, exempt visa fee from 126 nations

Pakistan has been grappling with a prolonged economic crisis, seeking financial assistance from friendly nations and global lenders

How to file 'belated' ITR: Benefits, limitations, and step-by-step guide

If tax dues are pending while filing a belated ITR, a penal interest of 1 per cent per month will be levied on the due amount

US green card lottery: Diversity Visa can fulfil your 'American dream'

The Diversity Visa Programme, often called the Green Card Lottery, is an annual lottery providing an opportunity for people from countries with low immigration rates to the US

Life insurance premium; luxury pool villas: Top personal finance stories

This week's newsletter tells readers about the strategy they should follow as life insurance premiums rise and the best pool villas

Non-reporting of foreign moveable assets up to Rs 20 lakh decriminalised

Be cautious, taxman could still come after you for wilfully withholding information

Company fixed deposit rates' terms, tenure collected in one table

Comprehensive insights into ratings and returns offered by various players over different horizons