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I plan to sell shares and use the proceeds to claim exemption under Section 54F. However, I have two house properties registered in my name. If I transfer or gift one to the HUF (where I am the karta), can I claim Section 54F exemption? What is the correct, lawful process to transfer the property?…
Health insurance claim settlement letters often contain deductions that can leave policyholders confused. Understanding the terminology used by insurers and questioning unclear deductions can help consumers understand how their claim was evaluated and whether the amount deducted is justified. Reasonable and customary charges Reasonable and customary (R&C) charges mean an insurer will pay only what…
Every vehicle owner must have third-party motor insurance, but this mandatory cover protects only against damage or injury caused to other people. Damage to your own vehicle is covered only when you have an Own Damage (OD) policy. Many motorists avoid OD cover because it increases the upfront premium. However, it can provide crucial financial…
The 8th Central Pay Commission (8th CPC) is in its consultation stage now, with plans to interact with employee and pensioner associations, federations, unions of central government, UT employees and other stakeholders across the country. Chaired by former Supreme Court Justice Ranjana Prakash Desai, the commission includes Pankaj Jain, a former IAS, as Member-Secretary, and Professor…
A mutual fund distributor (MFD) is an intermediary who helps investors access mutual fund schemes and provides assistance with investing. For example, an MFD may help an investor select a suitable scheme, start a SIP, understand investment risks, or stay invested during market volatility. Amarjeet Singh, Whole-Time Member, Securities and Exchange Board of India (SEBI),…
DA hike: Sikkim Chief Minister Prem Singh Tamang on Saturday announced that the state government is hiking Dearness Allowance (DA) for employees and Dearness Relief (DR) for pensioners by 2% each, applicable from 1 January 2026, according to a PTI report. Speaking at Paljor Stadium in Gangtok on 15 August, CM Tamang said the arrears…
The Indian stock market remained range-bound last week, with Sensex losing around 500 points and Nifty falling 205 points to end in the red. Analysts now highlight four key factors that can influence Dalal Street’s action during the upcoming week, from August 17 (Monday) to August 21 (Friday). On Friday, Sensex and Nifty recorded slight…
In the current geopolitical environment of uncertainty, a large fixed deposit (FD) can help an individual turn surplus savings into a predictable stream of income. Such income can help combat rising inflation and protect the investor’s purchasing power. Still, the most fundamental question that remains is: How much can you earn from an FD of…
A healthy bank balance provides undeniable peace of mind. Knowing you can effortlessly cover unexpected bills, routine living costs, or urgent crises brings genuine psychological relief. However, hoarding excessive cash in a standard savings account past a certain point shifts from a smart safety net to a financial disadvantage—particularly if you won’t need those funds…
The ITR filing deadline for taxpayers with no business income and non-audit cases was July 31, 206. Even if the return was submitted on time, there may be certain cases where the ITR is flagged as defective by the income tax department under Section 139(9) of the Income-tax Act, 1961. Subsequently, you will receive a…