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A probate of a Will is nothing but a legal certification issued by a competent court confirming the authenticity of a deceased person’s Will and recognising the authority of the executor appointed under it. Further, under Section 2(f) of the Indian Succession Act, 1925, probate means a copy of the Will certified under the seal…
Dearness Allowance (DA) is a percentage of employees’ and pensioners’ basic salaries that aims to mitigate the impact of rising living costs for central government employees and retired pensioners, providing a buffer against inflationary pressures. Updated biannually using data from the All-India Consumer Price Index (AICPI), new announcements are made in March and October, with…
Investing just ₹2,000 every month—an amount many people spend on leisure activities or eating out—can potentially grow into a corpus of more than ₹1 crore.
Flexi cap mutual funds, which are known for giving fund managers the flexibility to invest across large-, mid- and small-cap stocks, have had a subdued year. Data shows that not a single flexi cap fund delivered double-digit returns over the past year. The best-performing scheme, Quant Flexi Cap Fund, returned 9.91%, while only five funds…
The Employees’ Provident FundScheme, 2026 has introduced a revised framework for exempted provident fund (PF) trusts, bringing in an interest rate ceiling, mandatory digital compliance, stricter governance standards and time-bound exemptions for employers that manage provident fund accounts through their own recognised trusts. The changes are part of the Employees’ Provident Fund Scheme, 2026, notified…
The Employees’ Provident Fund Organisation (EPFO) is preparing a framework to extend provident fund benefits to self-employed individuals, gig workers, workers in the unorganised sector and employees of exempted establishments, according to a report byThe Times of India (TOI). The proposal aims to create a universal provident fund (PF) scheme that would allow individuals currently…
A medical emergency can occur at any time. It can easily complicate finances, add stress and affect the day-to-day lives. It can also lead a person to take high-interest-rate personal loans or other forms of borrowing. A medical emergency can test a family’s financial resolve. Health insurance provides a family with financial protection, but a…
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index (CII) at 384 for FY2026-27, a key number used to calculate indexed cost for eligible long-term capital gains. While Budget 2024 largely did away with indexation for long-term capital assets, the benefit has not disappeared entirely. A limited category of taxpayers selling…
Tax compliance nowadays is no longer just about filing an annual tax return. It is about staying vigilant and being clear about your tax-related compliance issues with tax authorities. With 31 July being the due date for filing income tax returns (ITRs) for Assessment Year 2026-27, taxpayers have just about two weeks more to prepare…