Page 312 - Personal Finance

Chart view: Which sectors did foreign investors pour money into in 2023?

In the calendar year 2023, financials saw FPI net flows of $6012 million and industrial stocks saw flows of $7127 million.

Jharkhand govt brings down age for enrolling in pension scheme to 50

Earlier, those above 60 years used to get the benefit of the scheme, under which Rs 1,000 is provided to each beneficiary per month

Under-construction or ready-to-move-in house: How to make a choice

Regard the lower price of an under-construction property as compensation for betting on a riskier asset

Ram Mandir opening: Total expenditure by tourists in UP to surpass Rs 4 trillion this yr

SBI Ecowrap estimates that the state government earn an additional tax revenue of Rs 20,000-25,000 crore due to a huge spurt in several tourists during fiscal year 2025.

Govt may announce steps to promote, make NPS more attractive scheme

Finance Minister Nirmala Sitharaman is expected to present the interim Budget on February 1. This is going to be her sixth Budget

What should your investing strategy be? Balanced with higher large-cap allocation

Brokerage ICICI Securities' preference is reasonably valued cyclical stocks over expensive defensives with growth concerns.

How Canada's international student cap will impact India

Over 41 per cent or 225,835 - of all permits were handed over to Indians in the year 2022. Additionally, around 300,000 Indian students went to Canada in 2023 alone.

NPS: Ambit of reasons for withdrawal expanded; use facility cautiously

Withdrawal made during tenure for other goals will erode retirement corpus

Income tax filers more than double to 77.8 million in 10 years: Govt data

During the same period, the net direct tax collections increased 160.52 per cent from Rs 6,38,596 crore in FY14 to Rs 16,63,686 crore in 2022-23, it said

Didn't buy travel insurance? Some premium cards cover overseas medical emergencies

Generally, high-end credit cards from Amex and HDFC come with travel Insurance inbuilt where they have partnered with the insurers and cover the same benefits

Customs can ask for purchase invoices from exporters claiming DBK, Rodtep

Rule 9 of the Customs and Central Excise Duties Drawback Rules, 2017 and proviso at Para 2(1)(b) of notification no.76/2001-Cus (NT) dated 23rd September 2021 put a cap on the amount of drawback

Don't fret over the index valuations and take stock-specific calls

Meanwhile, news reports suggest the Securities and Exchange Board of India (Sebi) is in discussions with the mutual fund industry to carry out a comprehensive stress test of equity funds

Ayodhya Ram Mandir: You can save on income tax by contributing to temple

Fifty per cent of the amount donated for renovation/repair of the Mandir to Shri Ram Trust is eligible for deduction under Section 80G.

Buyer not bound by one-sided contract

The National Commission held that a buyer can neither be compelled to take possession without an Occupancy Certificate nor kept waiting endlessly for the flat's completion

Financial goal to liquidity need: What to get from tax-saving investments

Ensure they are also in sync with your investment horizon and liquidity requirements

Claim your tax deduction on health checkup and specific treatments

Maximise savings by tapping into lesser-known deductions besides the one on health insurance premium

Form 12BB: Things to know about investment declaration tool for tax saving

Form 12BB, a key investment declaration document, can be used by the employees who fall under the taxable income bracket to claim deductions

78% of startup founders are optimistic about fundraising in 2024: report

About 61% of company founders in India expect the pace of hiring in 2024 to either be the same as last year or dip a bit, according to the 'India Startup Outlook' report from venture debt firm InnoVen

Tax-saving strategy; spotting mis-selling: Top personal finance stories

This week we explain what a tax-saving investment must do and how to read the fine print of pension plans

Goa top hot spot for vacation homes, 71% HNIs want to buy property this yr

Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44%), signalling a return of investors to the market