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Can you claim tax exemption under Section 54 if the investment involves two flats? A recent Mumbai Income Tax Appellate Tribunal (ITAT) ruling has provided clarity on this question. The Tribunal held that two adjacent flats legally and physically amalgamated into a single residential unit could be treated as one residential house for claiming capital…
Managing assets across global jurisdictions involves navigating intricate and distinct succession laws. For Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) with global families and investments, understanding how property transfers upon death is crucial to mitigating legal delays and disputes. For example, an NRI who owns assets in India and marries a foreign citizen….
Troubled Zee and Essel Group founder Subhash Chandra has claimed that he sold family assets, including their house to repay loans, and has “the last ₹6.5 crore left”, which he will use to repay creditors according to the NCLT’s approved repayment plan. He added that he has rented out a “small residential property” and running…
Subhadra Yojana fifth installment was released on Friday, 28 August — the flagship scheme of Odisha government to empower women through direct financial support. Odisha Chief Minister Mohan Charan Majhi released over ₹5,160 crore funds, benefiting eligible women in the age group of 21 to 60 years. The tranche payment of ₹5000 is directed towards…
Rima and Seema want to create a sizeable corpus over the next 15 years, and both can set aside ₹10,000 every month for their goal. But they choose different ways to invest – Rima chooses the Public Provident Fund (PPF), Seema opts for an equity mutual fund through SIP. But who ends up with more…
Dearness Allowance (DA) is an allowance given to government employees, public sector employees, and pensioners in India. It’s a way to mitigate the impact of rising costs of living and inflation on people’s earnings. DA is revised twice a year, in January and July, based on the Consumer Price Index (changes in inflation and cost…
Successful long-term investing is not simply about finding stocks that are growing rapidly. The bigger challenge is identifying businesses whose competitive advantages can strengthen over many years and whose organisational culture supports that advantage. Paul Black, veteran portfolio manager, believes investors should focus on companies with strong growth prospects, widening competitive moats and cultures that…
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories…
Vedanta, Wipro and Bajaj Auto were among the stocks that saw the biggest additions to their retail shareholder base in Q1FY27, with several large companies witnessing strong retail participation.
Silver prices have shown signs of recovery after a sharp correction, prompting investors to question whether the recent rebound marks the beginning of a sustainable turnaround or merely a temporary bounce. In the international market, silver has climbed nearly 20% from its recent lows, supported by a rally in gold, improving risk sentiment, resilient industrial…