Credit cards are one of the easiest ways to buy your favourite products without paying for them in cash immediately. But what does it mean for banks that provide you credit? How…
Category: Money
Travelling abroad? Here’s everything you need to know about buying insurance.
Travel insurance is a blessing in such situations. The insurance company can give you some emergency cash along with a predefined amount for loss of baggage and passport. They can also provide…
Tax exemption for trusts: Spending in India or benefit in India?
A recent decision by the Mumbai bench of the Income Tax Appellate Tribunal in the case of one of the Tata Trusts has brought attention to a challenge faced by many charitable…
When is the benefit of exemption for leave encashment applicable?
Salary is taxable on a ‘due’ or ‘receipt’ basis, whichever is earlier. As you have retired in February 2024, the leave encashment became due to you in February 2024 itself. While section…
The $230-million WazirX hack: regulatory gap leaves 4 million Indians stranded
About 4.2 million of WazirX’s 16 million users were struck by a massive hack of the cryptocurrency exchange on 18 July that wiped off 40-50% of their crypto balances. Most of those…
How to lose money on the world’s most popular investment theme
Pity the investors in the three artificial-intelligence-themed exchange-traded funds that managed to lose money this year. Every other AI-flavored ETF I can find has trailed both the S&P 500 and MSCI World….
The pitfalls of leaving nomination blank in bank accounts and insurance policies
Securing our family’s future is topmost priority for most of us. Alongside taking insurance policies and making investments, there is a crucial step in this—estate and succession planning to ensure our family…
5 key financial changes in September: Aadhaar update deadline, LPG price, more
As September 2024 unfolds, several key developments are poised to impact personal finances, with changes ranging from LPG cylinder costs to new credit card regulations. Staying updated on these shifts can help…
Explained: How can income tax be saved on selling urban agricultural land?
I have Long Term Capital Gain (LTCG) on selling an ancestral urban agriculture land. How can I save taxes on such long-term capital gains? Regarding the sale of agricultural land capital gain,…
Can TDS be deducted in husband’s name while sale proceeds go to wife?
I want to purchase a property in the joint names of the husband and his wife. The property’s value is above 50 lakhs. The husband insists that the TDS on the sale…