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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…
Selling old gold jewellery can trigger a capital gains tax liability if the asset is sold for more than its cost of acquisition. Some taxpayers may believe that they can reduce or altogether eliminate the requirement to pay tax if they simply use the sale proceeds to buy new gold jewellery. Since gold is treated…
Indian equity mutual fund inflows have fallen nearly 30% over two years despite no crash, illustrating why simple investing advice is intellectually easy but emotionally hard to follow.
For someone sitting on a large investible corpus, the timing of the first investment can have a noticeable impact on returns in the early years. One way to deal with this is to invest the entire amount at once. Another is to move the money into equity gradually through a six-month STP. FundsIndia’s 25-year analysis…
India’s family office ecosystem is entering a new phase of growth, with assets estimated at around ₹70,000 crore in 2024 and projected to grow by 1.5 times over the next three years, according to the latest Julius Baer-EY report. The report also highlights a shift in how wealthy Indian families are deploying their capital as…
Withdrawing a large amount of cash from a bank account and depositing it again months later can raise questions from the Income Tax Department. But a gap between the withdrawal and redeposit does not, by itself, establish that the later deposit is unexplained income. In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Amritsar…
Shares of Strides Pharma Science surged 9.05% to Rs 1,044.10 during Thursday’s trading session after the pharmaceutical company announced the successful closure of a USFDA inspection at its flagship manufacturing facility in Bengaluru. This positive development followed the US Food and Drug Administration (US FDA) issuing an Establishment Inspection Report (EIR) for the facility, bringing…
Domestic brokerage firm Jefferies has initiated coverage on Turtlemint Fintech Solutions with a Buy rating, setting a target price of Rs 190, citing potential revenue growth of 38% over the next three years for the company with multiple levers at play, as it is the third-largest player in the “point of sales person” or POSP…
Sugar stocks rallied up to 8% on Thursday after the government tightened inventory limits, barring dealers handling more than 10 metric tonnes of sugar per month from holding stocks for over 15 days. Bajaj Hindusthan Sugar shares rose around 8% to Rs 22, while Shree Renuka Sugars and Dhampur Sugar Mills gained 6-7%. Balrampur Chini…