Freelancers, consultants, traders and small business owners all deal with income that does not follow a fixed schedule. Some months are busy, others are lean, and a single large invoice can arrive a quarter late. For them, the standard monthly-SIP playbook is not just difficult to follow; it is built on a foundation they do not have.
Mumbai: Reliance Industries Limited (RIL) is likely to raise ₹10,000 crore next week with a 10-year maturity at a coupon rate of 7.85-7.90%, after other companies, including Adani Airport Holdings, collectively raise more than ₹14,500 crore this Friday. Adani Airport alone is set to raise ₹1,000 crore on Friday for three years at a rate…
If you are prone to guilt, that can also drive you to act in ways that hurt you. “You should rationalize it,” said Aheesha Chopra, counselling psychologist and founder of Lyzfest in New Delhi. In other words, be clear about the rationale why you are not giving the money, such as that you can’t afford…
Since the assets legally belong to the trust, incapacity freezes nothing, the trustee, still of sound mind, keeps signing cheques and settling bills. A well drafted deed adds an incapacitation clause, triggered once two doctors certify the settlor cannot manage their affairs, letting the trustee pay hospitals and caregivers directly, bypassing court guardianship.
An Indian resident who bought a life insurance policy while working in Dubai has won a tax dispute after the Income Tax Appellate Tribunal ruled that the maturity proceeds could not be treated as undisclosed foreign income under the Black Money Act. The Delhi Bench of the ITAT, in the case of Sarvesh Naidu for…
Startup employees who receive payouts when their vested but unexercised employee stock options (ESOPs) are bought back before they are exercised could have a stronger case for seeking capital gains tax treatment instead of paying tax under the salary head. In a recent order, the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) remanded…
A late-night message to entrepreneur and podcaster Raj Shamani turned into a career-changing opportunity for Aditya Bansal, who says the break eventually helped him build a career that saw him earn ₹1 crore by the age of 22. Bansal, who was 17 at the time, was preparing for the JEE in 2021 when he contacted…