Page 12 - Personal Finance

What are the best fixed deposit rates available to senior citizens?

Senior citizens, who are often overlooked in financial planning by families due to their unfamiliarity with new strategies, still get the best rates for fixed deposits

Earnings recovery can revive value funds, invest with 5-year horizon

Allocation to these funds is essential for style diversity within portfolio

Tax relief on inherited shares: Sebi floats proposal for smoother transfer

Sebi steps in to clear tax confusion over inherited shares, proposing a fix to stop nominees from being wrongly taxed before passing assets to heirs

Family discretionary trusts: A shield for wealth, debt, and divorce

Once seen as a tool for the ultra-rich, family discretionary trusts are now helping more Indians protect assets, plan succession and avoid family disputes.

REITs promise stable income, but investors must brace for volatility

REITs invest mostly in offices and malls and are regulated by the Securities and Exchange Board of India (Sebi)

Consumer protection: Insurer penalised for unjust insurance claim denial

The National Commission dismissed the argument that only the horse was covered and not the trailer, calling it 'palpably amusing and fantastic'

Term insurance plans for NRIs: Ensure policy offers global coverage

Verify insurer's claim settlement ratio, review sum insured limits, and check if medical examination can be done over video

Gold scales new peak; existing investors should book partial profits

New ones should stagger purchases to avoid timing risk

Luxury meets logistics: Jet-setting in India, privately, is taking off

For those who value time over tedium, India's fastest lane now begins at the runway, transforming travel from a chore into a controlled, efficient, and elevated experience

Home insurance claims: Begin repairs only after surveyor's inspection

Non-disclosure of property extensions, late intimation, and incomplete paperwork may reduce or void claims

Want expert to decide fund picks, allocation, rebalancing? Go for FoF

Remember that these funds come with a double layer of expenses

Special Opportunities Funds: For seasoned investors open to higher risks

Suitable for seasoned investors willing to take higher risks

Lender loses property documents: Apply to sub-registrar for title copies

Before you can do so, the bank must issue a non-traceable certificate, file an FIR, and publish a public notice in newspapers on your behalf

Waiting for your IT refund? Here's a step-by-step guide for you

Track your ITR refund online with ease, know where to check, what each status means, and what to do if there's a delay

Hit by falling FD rates? Consider these funds with 3-year horizon

Hit by falling FD rates? Consider these funds with 3-year horizon

ICAI notifies norms to cap individual tax audits by CAs to 60 annually

ICAI President Charanjot Singh Nanda on Wednesday said capping the number of tax audits that can be done by an individual chartered accountant to 60 annually will help strengthen the regulatory framework and enhance focus on auditing work. The Institute of Chartered Accountants of India (ICAI), which has more than four lakh members, has notified the norms for capping the number of individual tax audits and these will come into effect from April 1 next year. The limit of 60 will be the aggregate limit in respect of all tax audits signed by a member (chartered accountant), both in his individual capacity and as a partner of a firm(s). Further, a partner of a firm cannot sign any tax audit report on behalf of any other partner. There will also be certain relaxations to the limit. At a briefing in the national capital on Wednesday, Nanda said the move will strengthen the regulatory framework and help increase the focus of chartered accountants on tax audits. The norms in this regard h

Sending money abroad: Choose platform that discloses exchange rates, fees

For the same amount remitted, compare how much the recipient will get across different service providers

Secure your EPF, mutual funds & bank savings: Here's how to add a nominee

Your pension, mutual funds and savings must go to your heirs without hassle

Multi-factor funds: Opt for quant model-run fund to eliminate manager risk

Be mindful that these funds do not have a track record, and changing market conditions can render a model obsolete

Bitcoin rally: Cap crypto exposure at 2-5% of portfolio to manage risk

Be mindful of hacking risk and lack of regulatory clarity in India vis-a-vis these assets