Page 395 - Personal Finance

ITR 2021-22: Penalties you may have to pay if you miss July 31 deadline

If the income is above Rs 2.5 lakh per annum, you are required to file the ITR to avoid penalties. There are several penalties that are applicable if one fails to file the ITR before the last date

ITR 2021-22: List of transactions needed to furnish your tax return

There are several transactions that one needs to mention mandatorily in the ITR 2021-22 (AY 2022-23). It is necessary to avoid a notice from the I-T department

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form for Income Tax Returns

Wish to shun market volatility? Go for insurers' assured return plans

Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free

Professional advice helps: Top 10 myths about financial planning

It is wrong to believe that those knowledgeable about personal finance should not engage with a Registered Investment Adviser

Fund pick: Aditya BLS Flexicap Fund

Fund pick: Aditya BLS Flexicap Fund

A snapshot of term insurance plans with two riders offered by companies

Here is how the term insurance plan offered by various companies stack up

ITR 2021-22: These high-value transactions must be declared in your return

Such transactions attract special attention from the income tax (I-T) department and are mandatory to be furnished. If not, they may lead to fines, penalties or even jail term

It's prudent to file nil ITR even if your income is below Rs 2.5 lakh

Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa

As deadline approaches, here's how to file I-T return of a deceased person

Failure in filing the ITR of a deceased person makes the heir liable to pay the penalty or fines. It may also lead to some penal consequences

Unable to take duration call? Consider investing in a dynamic bond fund

But these funds can underperform if the fund manager's calls go wrong

ITR: 5 common mistakes you should avoid while filing your income tax return

In ITR, taxpayers are required to fill out several forms, Form 26AS, Form 16, capital gains statement, and interest certificates, among others. In all the paperwork, some mistakes are bound to happen

Games people play: Skill or chance? Tax rates will differ, say experts

Any income arising from a game of any sort, which does not involve any skill, is taxed at the rate of 30 per cent

Five key benefits of filing your income tax return by the due date

Filing ITR is mandatory in order to claim deductions under Chapter VI and exemptions on long-term capital gains; but there are other benefits you need to know about

Want a lower motor insurance premium? Watch how (often) you drive

Floater policies will be cost-effective, provide convenience of renewal at one go for multiple vehicles

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

Match limited exposure with long investment horizon for small-caps' safety

Such companies tend to be less resilient than their peers: hold only a couple of funds in them and diversify

Returns on small savings remain attractive despite no rate reviews

Investors who want to avoid their long lock-in can choose from a host of other high credit quality options

At home, in your swimming pool: How to splash in this luxurious indulgence

If you have the space and the money, add this place to relax and exercise

KYC mandatory: What you must know about new rules for MF investments

Brokers will not be allowed to accumulate investors' funds; investors have to verify their personal details online