Tax implications of income earned from shares, mutual funds Union Budget 2023 changed the way mutual funds are taxed in India.  Investors should be aware of the revised regulations to effectively plan their investments and understand the tax liabilities associated with them. One of the notable changes pertains to the long-term capital gains on Specified Mutual Funds. Previously, investors enjoyed ...

Documents needed for ITR 1, eligibility, changes Is income tax returning filing stressing you out? Business Standard helps you decode everything about ITR-1.  ITR-1, also known as Sahaj Form, is for a person with an income of up to Rs 50 lakh. What is ITR-1  “ITR-1, also known as Sahaj, is an income tax return form in India ...

EPFO likely to extend the deadline for higher EPS pension by three months: Sources [ad_1] The Employees Provident Fund Organisation (EPFO) is likely to extend the deadline by three months for higher EPS pension, say sources. The extension is likely to come as many employees have been complaining about facing difficulties while applying for higher pension from the Employees’ Pension ...

‘RBI need not rush to ease rates unless certain of stable-low inflation’ By Anup Roy India’s central bank need not rush to ease rates unless sure of a stable low-inflation regime, said a rate-setter at India’s monetary policy panel.   It is important for the Reserve Bank of India to achieve the inflation target of 4% in ...

Govt to launch a portal , dividends by February 2024 Unclaimed shares, dividends, and matured debentures are transferred to the IEPFA after a duration of seven years In line with its announcement in the Union Budget 2023-24, the government is set to launch an integrated portal for investors by February 2024, The Economic Times (ET) has reported. A top ...

RBI’s pivot to rate cuts to begin only in early 2024: Rating agency S&P Global rating agency Standard and Poor’s (S&P) today said the policy rate cuts in India are expected to begin only in early 2024 as the Reserve Bank of India (RBI) would like to see consumer inflation (CPI) moving to four per cent. “Softer crude ...

Rupee trades almost flat at 81.95 against US dollar in early trade The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets. The domestic currency opened lower by 4 paise at 82.00 against the dollar ...

Credit Card Dues Surge 30% in April, Crossing Rs 2 Trillion Mark for the First Time Credit card dues have grown by 30 per cent in the last year, which is double the pace of growth of overall bank loans, The Times of India (ToI) has reported. This has resulted in a situation where the credit card due payments ...

More than two-thirds of Rs 2,000 notes returned within one month: Das Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise move, but as part of the clean note policy, the Reserve Bank had on ...

SBI to revamp Wealth Management biz, rope in consultant to firm up roadmap The country’s largest lender, State Bank of India (SBI), is planning to revamp its wealth management business which currently manages assets of about Rs 2.95 trillion. The plan is to rope in a consultant that will help craft a strategy on premier banking services for ...