Many child-free couples make the same assumption: without the cost of raising children, they will need less money in retirement. On paper, the logic seems sound. In reality, retirement planning for child-free couples is often more complex. They face a different set of financial goals, risks and priorities, and, paradoxically, may need a larger retirement corpus.
Bank holiday today: Most public and private banks across India will remain open today, on Saturday, 18 July. According to the Reserve Bank of India (RBI)’s holiday calendar, bank operations will continue as normal since it is the third Saturday of the month. Hence, SBI, HDFC, ICICI, PNB, and other banks will remain open today….
Investors can gain exposure to the real estate sector through physical property, listed Real Estate Investment Trusts (REITs), or REIT-based mutual funds. While all three provide access to the same asset class, their tax treatment differs significantly and can have a meaningful impact on post-tax returns. Capital gains tax: REITs and REIT mutual funds have…
If your tax liability becomes zero after claiming the Section 87A rebate, you may assume that you no longer need to file an income tax return (ITR). However, the rebate only reduces the amount of tax you have to pay if you are eligible, it does not automatically exempt you from filing your return. Whether…
“For example an NRI may have only NRO interest income in India, and the total income may be below the taxable limit, but the bank may still deduct TDS at maximum marginal rate. Similarly, in property sale transactions, 12.5% TDS is deducted on the total sale consideration, and not capital gains, which may lead to…
When a family member passes away, inheriting financial assets such as shares, mutual funds and bonds can be emotionally overwhelming, especially for non-resident Indians (NRIs). While inheritance itself may seem straightforward, the transmission process often gets delayed because of missing documents, outdated nominations or paperwork errors. Experts say the process has become simpler following the…
An emergency fund is an important component of long-term financial planning that sets aside money for those unexpected, but urgent situations. It is key to separate your emergency fund from your regular savings and regularly assess and adjust the savings as needed to ensure that no sudden circumstances (such as job loss, sudden car repair,…