“It would be better to invest through a mutual fund or ETF route. For the mutual fund route, most AMCs are not accepting fresh subscriptions as their limits have already been exhausted, so the international ETF route can be explored. If you want to invest in large names like Amazon, Tesla, or Nvidia, investing in broad indices like the Nasdaq 100 or S&P 500 offers better diversification,” said Mathpal.
Working abroad or hiring a foreign national in India? EPFO’s International Worker rules can change how much you contribute, when you can withdraw EPF and how social-security benefits work.
The income tax return (ITR) filing deadline for businesses and professionals is later than the deadline applicable to most individual taxpayers. The statutory ITR due dates remain fixed unless the government announces extensions or issues specific administrative clarifications due to exceptional circumstances. Salaried individuals, students and pensioners had to file their returns by July 31,…
Indian IT stocks surged again on Wednesday, with Infosys, TCS, HCL Tech, Wipro, Coforge and Tech Mahindra gaining up to 5% as a sharp selloff in semiconductor stocks intensified amid growing investor concerns over Big Tech’s massive AI spending. TCS shares gained 3.2% to Rs 2,476 on the BSE, while Infosys rallied 4.1% to Rs…
Living overseas does not automatically make an Indian citizen a non-resident for income-tax purposes. The determination depends on the number of days spent in India, the nature of income earned, and the individual’s residential history. Under Section 115G of the Income-tax Act, 1961, non-resident Indians (NRIs) are exempt from filing an income-tax return (ITR) if…
Another example is vehicle insurance. Since no vehicle can leave the showroom without insurance, this is a unique corner of the industry where the sale is only about which insurer to choose, not whether insurance has to be bought. Despite this, intermediaries get an average commission of up to 38%, and malpractices such as dealers…
Retirement savings cannot be treated as a substitute for monthly income when courts decide maintenance claims, the Delhi High Court has clarified. While the accumulated retirement corpus may be considered when assessing a person’s overall financial resources, only the interest and other returns actually generated from investments can be counted as recurring income. In its…