Income tax relief: Medical cost doubles in 5 years, will Budget 2024 increase Section 80D limit for health insurance? [ad_1] Budget 2024: Section 80D of the Income-tax Act, 1961 allows you to claim tax deductions for paying premiums for health insurance policies and select health-related expenses. You can claim a tax deduction of up to Rs 25,000 if you are ...

L&T Finance Q3 results: Net profit jumps 41% to Rs 640 crore, NII up 8% L&T Finance Holdings on Tuesday reported a 41 per cent jump in net profit to Rs 640 crore for the December quarter, driven by retail loan sales. The Mumbai-based Non-Banking Financial Company (NBFC) had earned a net profit of Rs 454 crore in the year-ago ...

RBI 'mute spectator', allowing banks to charge high interest rates: HC The Allahabad High Court has observed that the Reserve Bank of India has been a “mute spectator” while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator. The observation was made by a bench comprising Justices Mahesh Chandra Tripathi and Prashant Kumar ...

Benchmark 10-yr bond yields steady at 7.1% as traders await fresh cues India’s benchmark 10-year yield ended at 7.1751%, following its previous close at 7.1790%. India’s bond markets were shut on Monday and will be closed on Friday

senior citizen fd: Hike in senior citizen FD? Additional interest rates should increase from 0.5% to 2%; FM gets proposal [ad_1] The interest rates on fixed deposits (FDs) for senior citizens should be 2% more than the standard rate offered to general customers, said Bharat Pensioners Samaj, federation of pensioners in the country. In a letter addressed to Prime Minister ...

Rupee depreciates 6 paise to 83.13 against US dollar in early trade The rupee depreciated 6 paise to 83.13 against the US dollar in the morning session, amid elevated crude oil prices and dollar demand from importers. Forex traders said the rupee is trading in a narrow range as the support from positive domestic equities was negated by foreign fund ...

Can foreign tax credit claim be changed in revised ITR? Budget 2024 should clarify [ad_1] Tax liability in India is largely determined by the residential status of an individual and the place where the income is earned during the financial year. As per Section 6 of the Income-tax Act, 1961 (Act), an individual may qualify as a non-resident (NR) or ...

Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital

Book-keeping, accounting, taxation added as financial services in IFSC With the inclusion, entities registered with the IFSC Authority will be able to provide these services to non-residents while operating from GIFT city

Govt expands scope of financial services that can be taken up at IFSC The government has expanded the scope of activities that can be undertaken at the International Financial Services Centre (IFSC) by including services such as book keeping, and accounting. As per a gazette notification issued by the Ministry of Finance, various services, including book-keeping, accounting, taxation, and financial ...