Your money, shown at one place: What RBI’s new AA measures mean
The expanded consolidated account statement will include bank deposits, while account aggregator interoperability aims to make financial-data sharing simpler.
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Gifting to your NRI child? Know the tax treatment of NRE deposits
I have transferred ₹5 lakh as a gift to my non-resident Indian (NRI) child’s non-resident ordinary (NRO) account. He has transferred that amount to his non-resident external (NRE) account and subsequently invested it in a fixed deposit, in which the interest is tax-free for him. Are there any income tax consequences to doing this for…
Debt mutual fund flows turn negative at Rs 8,127 crore in August. What drove the outflows?
Debt mutual fund flows turn negative at Rs 8,127 crore in August. What drove the outflows?
Can tenants continue paying old rent if they overstay after lease expires? Delhi HC answers
Tenants who continue occupying a property after their lease expires may have to pay higher rent if their lease agreement contains an automatic rent escalation cause, the Delhi High Court has ruled. The court clarified that merely seeking additional time to vacate does not entitle a tenant to continue paying the old rent, Business Standard…
Investing in an IPO? 10 warning signs to look for before placing your bet
IPO activity is heating up ahead of a new wave of listings, as the one-year validity of approvals from the Securities and Exchange Board of India (Sebi) for several companies nears expiry. With IPO-bound businesses lacking a track record of exchange disclosures or trading history, investors rely on pre-listing disclosures, primarily in the Red Herring…
HSBC Midcap among 5 midcap funds that delivered over 21% CAGR in 3 years. Do you own any?
Five midcap mutual funds delivered over 21% annualised returns in three years, led by HSBC Midcap at 25.1%. Invesco India, ICICI Prudential, WhiteOak Capital and Edelweiss Mid Cap also featured among top performers.
₹1.33 crore cash deposit, no ITR filing: How a retired teacher won his income tax case at ITAT Bangalore
A retired school teacher from Mysore who had deposited ₹1.33 crore in cash across bank accounts and had not filed an income tax return for assessment year (AY) 2015-16 has won his tax dispute before the Income Tax Appellate Tribunal (ITAT), Bangalore. The tribunal did not rule that the cash deposits were automatically tax-free. Instead,…
