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Bank holidays this week: All public and private banks across India will remain closed today, since 16 August is a Sunday. Hence, physical in branch banking services at all scheduled and non-scheduled banks will remain suspended today since SBI, HDFC, ICICI, PNB and other banks observe weekend off on all Sundays of the month. According…
The July ITR deadline has now passed, but still eligible taxpayers have several important income-tax dates to track. From advance tax payments and tax audits to ITR filing and belated return submission, the coming few months bring several critical tax compliance deadlines that taxpayers must meet. The Income Tax Department has also clarified that AY…
Parents often gift property, money, jewellery or other valuables to their married daughters as part of financial support or family wealth allocation and planning. Now, the gift itself may not attract tax in the daughter’s hands, the tax treatment of the income that is generated from such a gift is a separate matter. Having a…
The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, opens on August 16, giving eligible taxpayers a one-time window until December 31, 2026, to disclose certain undisclosed foreign assets and income. For declarations falling under the scheme’s first category, the prescribed tax and additional amount can together amount to 60% of the value being…
When you invest in a mutual fund, buy an insurance policy, open a bank account, or even get an EPF membership after joining the workforce, picking a nominee is one of the first things you are asked to do. It allows these institutions to know whom to contact if the account holder dies. Naming a…
Crypto ads are back in full force. Four years ago, India imposed a tax regime that looked like a ban, but over time, punters have come to accept the 1% tax deducted at source (TDS) as routine. My screens are now full of ads for the so-called crypto exchanges again, and I’m sure yours are…
The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
The Senior Citizens Savings Scheme (SCSS) is one of the most popular fixed-income investment options for retirees as it offers government backing, regular quarterly payouts and higher interest rates than most fixed deposits. The scheme comes with an initial maturity period of five years, post which the account holder can either withdraw their entire accumulated…
Today is 15 August, a special day of freedom, independence, and light for Indians across the globe. This is the perfect day to start afresh and devise a meaningful economic planning and investment strategy to achieve financial freedom in the long run. Furthermore, financial freedom today is generally associated with earning more, having liquid cash…
The Department of Financial Services (DFS), Ministry of Finance, on Friday, August 14, 2026, released a guideline for insurance policyholders, through which they can raise complaints against unfair claim rejections, delays, mis-selling or other service-related issues and seek faster resolutions. “As insurance adoption accelerates across India, navigating the customer Grievance Redressal Mechanism has become a…