Page 352 - Personal Finance

ITR 2022-23: Three key changes to keep in mind while filing your return

Those filing ITR themselves this year need to keep in mind a few key things

India's average health insurance claim is Rs 42,000; 15% exceed Rs 100,000

Claim settlement rates are relatively high. Over 50% claims have 80% or higher claim settlement.

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

Realty bull run continues: Housing sales hit new peak of 115,000 in Q2

Housing sales in the top 7 cities broke the previous high record of Q1 2023 and stood more than 1.15 lakh units in Q2 2023.

Funding woes continue: Only 3 unicorns this year, 20% startups downgraded

This is an index of the most valuable private equity or venture capital-funded companies in Indiafounded after 2000, ranked according to their latest funding round valuation.

Monsoon-proof your vehicle with engine protection insurance cover

If you own an EV, buying a battery-protection add-on would be prudent

Gold rebounds from 3-year low: Is it still a good time to invest?

Gold price advanced as geopolitical concerns surrounding Russia brought safe haven buying in the metal. Meanwhile, hawkish interest rate outlook in western economies restricted its further gains

When you have to mandatorily file returns even if income is not taxable

There are specific circumstances where filing an ITR becomes mandatory, even if there's no tax to be paid.

You have time till 11 July to opt for higher pension: All you need to know

Subscribers should use the additional time to take a well-considered decision regarding whether to go for this option or stay with the current one that offers a higher lump sum

Titanic sub tragedy: Only 2 insurance covers in India for adventure junkies

Bajaj Allianz is the only major insurer in India which provides an insurance policy specifically for adventure sports.

EPFO extends deadline to apply for higher pension for members till July 11

The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the Employees' Provident Fund Organisation said in a statement

Fair valuations, rising prices augur well for realty sector returns

Select locations well connected to economic hubs, avoid over-leveraging

I-T dept tweaks exemption norms for charitable institutions, seeks details

As per amendments to the Income Tax Rules, which will come into effect from October 1, charitable institutions will have to now disclose whether the activities undertaken by them are charitable

Digit Life enters insurance space with maiden product group term plan

The group term cover focuses on holistic coverage of death, disease, and disability and provides flexibility through multiple payout options, with four in-built optional benefits and various add-ons

Wealth management firms go beyond metros to tap post-Covid surge in demand

Investors from tier-II are increasingly roping in services of wealth managers, as they diversify beyond gold and real estate

Tax returns explained: Documents needed for ITR 1, eligibility, changes

You would need Form 16, house rent receipt (if applicable), investment payment premium receipts (if applicable). However, ITRs are annexure-less forms, so you are not required to attach any document

Explained: Tax implications of income earned from shares, mutual funds

The tax implications of income earned from shares, mutual funds and ETFs (Exchange Traded Funds) largely depend on the type of investment, the holding period and the amount of profit earned

Money can't be accepted once booking annulled

The Rajasthan State Commission highlighted that the Board had received payment before it had sent the reminders, and it had no proof of having served a cancellation notice

Respond to I-T notice on time or risk refund adjustment against tax demand

If AO doesn't respond within 21 days, CPC may release refund, or adjust it partially based on taxpayer's consent

Apple to launch credit card in India, in talks with NPCI for Apple Pay

The iPhone maker is also holding talks with the National Payments Corporation of India (NPCI) to possibly launch Apple Pay in the country