Page 360 - Personal Finance
Nifty Smallcap 250, Nifty Midcap 150 outperform all major indexes in June
Nifty Smallcap 250 and Nifty Midcap 150 outperformed all major indexes clocked gained 6.36% and 6.16%, respectively in June.
 "Nifty Smallcap 250, Nifty Midcap 150 outperform all major indexes in June")
Checklist of the most important documents required to file your ITR
The last date to file ITR for individuals is 31st July unless extended by the government. For salaried employees, it is necessary to prepare and gather various documents such as salary/income detail
 "Checklist of the most important documents required to file your ITR")
No need to rethink after online gaming tax backlash: Revenue secretary
The government's decision, announced late on Tuesday, was met with dismay in the $1.5 billion industry, and shares of casino operator Delta Corp and other online gaming companies plunged
 "No need to rethink after online gaming tax backlash: Revenue secretary")
Vehicle loans outstanding rise 22% in May despite high interest rates
As per the latest RBI data, the total vehicle loan outstanding climbed from Rs 3.65 lakh crore in May 2021 to Rs 4.16 lakh crore in May 2022, and further to Rs 5.09 lakh crore as of May 19, 2023
 "Vehicle loans outstanding rise 22% in May despite high interest rates")
Missed Aadhar-PAN link deadline? Here is what to do if PAN is inoperative
PAN cards have become inoperative from July 1 for those who have not linked it with their Aadhaar but users still have a chance to make their card operative
 "Missed Aadhar-PAN link deadline? Here is what to do if PAN is inoperative")
Adani Green, Adani Energy back in favour: What MFs bought and sold in June
Among large cap stocks, Adani Green, Adani Transmission, Adani Energy, Coal India, JSW Steel, Bajaj Auto, LIC were among the top ten purchases
 "Adani Green, Adani Energy back in favour: What MFs bought and sold in June")
Verify data in pre-filled forms carefully before filing your tax return
Keep all relevant documents handy to to cross-check the data and weed out inaccuracies
71% ready to spend Rs 1-6 lakh on international holidays, Dubai tops list
44% of Indians will allocate an increased budget for travel post-pandemic, 31% will take more domestic trips in 2023-24, and 30% will increase the trip duration.
 "71% ready to spend Rs 1-6 lakh on international holidays, Dubai tops list")
PE investments down 61% in India, here are the top ten deals of 2023
Private equity investments in India dropped 61% during the first half of 2023 compared to the same period in 2022, with sum of equity invested amounting to US$6.1 billion.
 "PE investments down 61% in India, here are the top ten deals of 2023")
Problem of plenty: Why flows into small-cap funds hit a record high in June
Combination of strong performance in small-cap stocks, the desire to participate in the market rally, and the resultant preference for mid and small-cap funds contributed to the massive surge
 "Problem of plenty: Why flows into small-cap funds hit a record high in June")
Income tax filing: What is the difference between ITR 1 and ITR 2?
When filing your income tax returns, make sure you fill up and submit the correct form, such as ITR-1, ITR-2A, and ITR-2. This is based on what kind of income, exemptions from income, etc.
 "Income tax filing: What is the difference between ITR 1 and ITR 2?")
Net direct tax mop-up grows 16% to Rs 4.75 trillion: I-T department
On a gross basis, collection from direct taxes, which includes income and corporate taxes, grew 14.65 per cent to Rs 5.17 trillion
 "Net direct tax mop-up grows 16% to Rs 4.75 trillion: I-T department")
How to maximise your income tax refund while filing your Income Tax Return?
Taxpayers must submit ITR to the government to disclose their earnings, deductions, and tax liabilities. If the tax paid exceeds the taxable income, the taxpayer is eligible for a refund
What are FPIs and mutual funds buying and how should you ride the bull run?
Market rally turning broad based in terms of number of stocks outperforming the benchmark index
Visa to Rupay: From October 1, you can port your credit, debit cards too
Currently, when you apply for a debit or credit card, you usually don't get to choose the network provider as it is decided by the card issuer.
 "Visa to Rupay: From October 1, you can port your credit, debit cards too")
Deadline for higher pension ends tomorrow: Should you opt for it?
The government backed EPF higher pension scheme allows EPF members to have the option to contribute an additional amount to their pension fund
 "Deadline for higher pension ends tomorrow: Should you opt for it?")
I-T dept has taken many initiatives to ensure ease of compliance: Official
Principal Chief Commissioner of Income Tax, Andhra Pradesh and Telangana, Mita Madhusmita was addressing a press conference on the 'Issue of Suspicious Refunds' being claimed by certain Taxpayers'
 "I-T dept has taken many initiatives to ensure ease of compliance: Official")
Check Form 26AS, reconcile with Form 16 before you file your tax return
Claiming excess tax credit in your return could trigger a notice from the tax authorities
 "Check Form 26AS, reconcile with Form 16 before you file your tax return")
How much do Indians save in FDs? All India average is Rs 4.25 lakh
Fixed deposits offer a guaranteed rate of interest, which is usually higher than regular savings accounts.
 "How much do Indians save in FDs? All India average is Rs 4.25 lakh")
Everything you need to know about ITR refunds for AY 2022-2023
In order to seek tax refund, the assessee has to file ITR in the prescribed form for the relevant assessment year and refund (if any) will be automatically calculated.