Tax benefits on co-owned house hinge on actual contribution, not ownership share
Tax benefits for co-owned properties should not be seen as a hack to maximise tax between spouses, but rather should depend on the actual contribution of each co-owner.
Tax benefits for co-owned properties should not be seen as a hack to maximise tax between spouses, but rather should depend on the actual contribution of each co-owner.
Mergers and acquisitions are increasingly becoming a core growth strategy for India Inc, with annual deal volumes more than doubling since fiscal 2017, as companies look to scale faster, enter new markets and acquire capabilities that could take years to build organically, according to Crisil Ratings. For investors, however, the key differentiator is execution, it…
Shares of Jio Financial Services gained over 3% to Rs 263 on the BSE on Thursday after the company announced that Bank of America will acquire a 49.9% stake in Jio Credit, a wholly owned non-bank lending arm of the company, in a Rs 18,268 crore joint venture deal. Under the transaction, the American banking…
Ace investor Rakesh Jhunjhunwala, often remembered as the Big Bull of the Indian stock market, is widely known for his investment philosophy that will continue to inspire generations to come. Investors often remember how the Warren Buffett of India made 20x returns on a Rs 1 crore investment overnight after the 1989 Budget. In 1989,…
When equity markets deliver strong returns, it can be easy for investors to start treating those gains as a new baseline. But history suggests that very high returns are not what investors experience most often. In an X post, Niranjan Avasthi, President at Edelweiss Asset Management, highlighted the importance of keeping return expectations realistic. “When…
Pakistan celebrates its 80th Independence Day today, capping a volatile year for its stock market amid geopolitical tensions in the Middle East and with Afghanistan. Despite the turbulence, the benchmark KSE-100 index has managed to deliver a 23% return over the past year. Pakistan’s benchmark KSE-100 index closed marginally lower at around 1,80,105 points yesterday,…
Shares of gold loan companies, including Muthoot Finance, Manappuram Finance and IIFL Finance, jumped up to 4% on Thursday as the yellow metal’s prices surged, following a surprise liquidity support announcement by the US Treasury. Muthoot Finance shares jumped more than 4% to trade at Rs 2,985 apiece, while those of Manappuram Finance and IIFL…