Page 391 - Personal Finance

Don't turn complacent, consult experts if builder claims nods are in place

First, carry out the necessary checks of the plot on which the project stands

Experts raise several red flags around section 194R of the Income Tax Act

The section introduced in the Finance Act, 2022 to reduce evasion and widen the tax base has some conflicting provisions apart from other challenges

Ring-fence your wealth from creditors by setting up wills and trusts

It is a versatile instrument suited for the wealthy, but it must be drafted carefully

Use technology to make insurance affordable, says Irdai chairman Panda

Panda also nudged the industry to come out with solutions that are pocket-friendly

Near-term outlook bleak: Enter silver with a horizon of at least 2-3 years

Industrial recovery, higher demand from new age technologies could propel a turnaround

Proposed minimum assured-return scheme may fetch 2-7% rate of return

Committee set up by pension regulator to consider suggestions made by consultant for scheme

Credit risk and reward: P2P offers returns but needs cautious investments

Limit your allocation to 5-10% of your fixed-income portfolio and stick to highly-rated borrowers

Why saving enough for retirement is difficult

Longevity risk, taxes, financial repression, unexpected high inflation, career risk, and psychological factors make it very difficult to save enough for retirement

Personal retail loan disbursements rise 42% at end-March 2022: Study

The number of active personal loans increased from 3.5 crore as of March 2020 to 4 crore by March 2021, and to 6 crore by March 2022, it added.

Mutual funds: Limiting inflows enables fund manager to stick to quality

Massive inflows, especially in red hot markets, forces them to buy at high valuations, compromise on quality

Time for luxury: What to consider when you set out to buy your dream watch

Timepieces costing lakhs of rupees must highlight the owner's taste and personality

Nippon India Multi Cap Fund

Nippon India Multi Cap Fund

A snapshot of car loan rates offered by various banks with details

Here is how the car loan rates offered by various banks stack up

Invest in MNC funds for exposure to high-quality businesses: Experts

Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at

Paid tax abroad? Remember to submit Form 67 and proof at earliest

If you don't do so, both processing of your tax return and refund could get delayed

Begin locking into best FD rates available, take limited exposure to SFBs

Since predicting peak rate is impossible, deploy in tranches over the next few months

Omitted certain income in ITR? File updated return but caution is needed

Use this facility cautiously, since once filed the updated return can't be modified.

Prep for curtailed lifestyle change at start: Entrepreneur Munish Randev

Munish Randev, founder and CEO, Cervin Family Office and Advisors, shares what it takes to start a new business

How to plan your finances before you take the leap into entrepreneurship

Creating an adequate reserve, reduce the risk in your investment portfolio, and buy sufficient life and health insurance

Rising interest rate trend has made liquid funds attractive: Experts

Investors entering the market now can expect above 5% return at low risk, better than parking money into a savings bank account