Personal Loan

Deductions that must be added in new tax regime to make it attractive in interim Budget 2024: Experts [ad_1] The government is trying to make the new tax regime (introduced in FY 2020-21) more attractive vis-à-vis the old tax regime. In Budget 2023, standard deduction of Rs 50,000 from salary and pension income was allowed in the new tax regime. ...

Missed connecting flight due to delay by airline, Air India asked to pay Rs 3.85 lakh compensation after 20 years fight [ad_1] Air India was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1.75 lakh compensation and Rs 25,000 to senior citizen customer for litigation expenses along with 6% simple interest from the date of complaint. This ...

Interim Budget 2024 could simplify ITR filing process for NRIs [ad_1] The government has taken various measures in the recent past to simplify income tax return (ITR) filing processes, however, there is still scope to do more, especially for Non-Resident Indians (NRIs) filing ITRs in India. NRIs living abroad may be required to file ITR in India either due to ...

After death of home loan borrower, husband fights for 13 years for life insurance claim against SBI Life Insurance and wins [ad_1] SBI Life Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay a deceased customer’s husband the full amount of insurance claim to settle the remaining amount of home loan taken from State Bank of ...

Interim Budget 2024 could ease tax burden of homebuyers via these benefits [ad_1] The Income-tax Act, 1961 (Act) provides certain benefits to home buyers if they have taken a home loan for buying house property. These benefits are in the form of deductions from taxable income for interest paid on a home loan and repayment of the principal component. Such ...

Working women prefer FDs to stocks: DBS Survey [ad_1] Delhi, January 15, 2024: As many as 47% women earners in urban India take their own financial decisions, while 98% actively participate in long-term family decisions, reveals a recent survey conducted by DBS Bank India in collaboration with CRISIL. The independence in making financial choices increases significantly with age, with 65% ...

Allow NPS investment tax break of Rs 50,000 in new tax regime in interim budget 2024: Experts [ad_1] The government wants to encourage people to move to the new tax regime which combines lower tax rates with a very limited number of exemptions. As of now, an individual’s contribution of up to Rs 50,000 to the National Pension System (NPS) ...

Ease TDS rules for buying house property from NRIs in Budget 2024 [ad_1] Buying a house in India involves some tax compliances which get very complex when the seller is a Non-resident individual (NRI). Every property buyer, being a resident individual, is required by law to deduct tax from the amount (price) he pays to the seller. However, where the ...

Income Tax in Budget 2024: Will standard deduction limit be hiked from Rs 50,000 to help salaried taxpayers? [ad_1] Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding demand to increase the standard deduction limit. The demand has become louder after standard deduction was ...

Budget 2024 could unify equity, debt long term capital gain tax, holding period [ad_1] It is less than one month to go for the government to present the interim budget 2024 before the Lok Sabha elections later this year. Over the last few years, capital gains taxation is one aspect of individual taxation which needed some reform. While some changes ...