Page 90 - Personal Finance

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

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

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

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

The 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

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

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

Make the most of higher tax deductions to senior citizens, say experts

Those over 60 need not file ITR if any tax has been deducted under Section 194P

Cross-check data in pre-filled forms while filing income-tax return

The documents you collect for this purpose will prove handy if an assessing officer conducts inquiry

Bundled products convenient, but may fall short of promise: Experts

See the fine print to know the duration or extent of the benefits

Investors who have a long horizon should wait for crypto prices to recover

Those who don't anything to do with this highly volatile asset class may also throw in the towel

Maximising returns can harm financial health

Investments should carry a statutory warning: "Any attempt to maximise returns can be injurious to financial health"

Diversify and keep costs low: Avinash Luthria's 2 key mantras for investors

In this interview with Sanjay Kumar Singh of Business Standard, Avinash Luthria discusses how a new investor can build a simple, low-cost portfolio that will serve her well over the long term >

Raise your equity allocation to beat retirement blues, say experts

Keep in mind risk appetite and investment horizon permit

Invest in quality amid tenuous recovery in residential realty: Experts

Alternatively, if you can, enter the market at a discount price

After market's fall from peak, it's time to review your portfolio: Experts

With interest rates on home loans on the upswing, plan for prepayments

Curb downside risk amid market correction with dividend yield funds

But limit exposure as they can lag behind growth-oriented peers

Use Section 89 (1) to reduce tax burden arising from arrears: Experts

To avail of this relief, you must file Form 10E before submitting income-tax return

Remitting money? Use lock-in facility to get best forex rate, say experts

Take into account transaction fee, conversion fee, and exchange-rate mark-up when comparing players' costs

Manage cash flow mismatches with loan against securities: Experts

If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral

Insurance firm Howden to raise stake in Indian arm to 100%%; gets Irdai nod

Global insurance broker Howden said it has received insurance regulator Irdai's approval to raise its stake from 49% to 100% in its Indian arm