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Credit rating is often viewed as a perplexing, shifting figure governed by hidden rules. However, the reality is far more straightforward. This metric acts as a financial report card, summarising your lifelong relationship with borrowed money. According to major bureaus like CIBIL, this assessment relies heavily on four pillars: your track record of repaying debts,…
Axis Direct data shows a dramatic surge in Gen Z investors nationwide. Investors aged 18-30 now comprise 53% of new customer additions. This represents significant growth compared to just 35% back in FY22. The 18-24 age bracket showed particularly striking growth, nearly 7 times higher. Consequently, the average age of new customers fell considerably. It…
If you are claiming both HRA exemption and home loan interest deduction, then it is not automatically invalid. However, taxpayers must ensure that the rent paid, property status, and home loan details are genuine and properly documented. Siddharth Maurya, Managing Director, Vibhavangal Anukulkara, has explained the key tax rules and conditions taxpayers should know. Can…
Indian jewellery makers bet on lower-carat as gold prices rose sharply by 52% in FY26, and consumption declined by 21%. According to ICRA’s predictions, it is projected to shrink further by 20% in FY27. In a market dominated by 22-carat gold jewellery, the approval of 9-carat jewellery hallmarking has opened a whole new market potential,…
When choosing a home loan, whether fixed or floating, comparing interest rates across various financial institutions is a critical step. Since minor rate fluctuations accumulate over a multi-decade loan, even a fraction of a percentage point can dramatically affect the total interest paid. Every equated monthly instalment (EMI) includes both principal repayment and interest charges,…
Income Plus Arbitrage Fund of Funds (FoFs) combine debt-oriented and arbitrage funds within a single mutual fund structure. These FoFs use rule-based strategies for the underlying investments, while the arbitrage fund component seeks to capture price differences between the cash and futures markets. This structure can also create a difference in taxation compared with traditional…
Credit cards are no longer just a payment tool, with many offering rewards and travel-related benefits to customers. Among these, complimentary airport lounge access has emerged as a valuable perk, particularly for people who fly frequently. Instead of waiting in busy airport terminals, eligible cardholders can use lounges to relax before boarding or during layovers,…
With the 31 August deadline for filing income tax returns for non-audit taxpayers approaching, individuals earning income from a business or profession need to ensure they are using the correct ITR form and have the necessary tax records in place. Here are the key forms taxpayers should know before filing their returns. Who needs to…
For a salaried employee, putting a fixed amount into retirement savings every month can be relatively straightforward. For a freelancer, consultant, delivery partner, cab driver or small business owner, income can vary sharply from one month to the next. Experts say this does not mean retirement planning has to be put on hold. The National…
Section 54F tax exemption can be availed even in case of ownership of two houses but through some financial strategies pertinent to Hindu Undivided Families (HUF) recognized under Indian tax law. Chartered Accountant at CNK & Associates, Mahesh Nyak, clarified that the conditions that need to be met before the sale of shares. For those…