Starting April next year, when the new income tax law comes into force, the income tax officials could have the authority to access your social media accounts and email id. The New Income Tax Bill’s clause 247 states that income tax officer will have the power to gain access by overriding the access code to…
Indian investors no longer need multiple brokerage accounts, as modern trading platforms now offer a wide range of services in one place. These platforms are ever evolving and extremely efficient. Still, is sticking to a single account a smart choice, or does it make financial planning more complicated? Let’s explore the pros and cons. Segregating…
Former Infosys CFO Mohandas Pai on Wednesday said that income tax officers being able to access a taxpayer’s social media account and email starting next financial year is an “assault on our rights”. The ex-Infosys top official shared a news report revealing the same and said that the government should provide taxpayers a safety net…
Unlike a soft inquiry which is carried out when you check your credit score, a hard inquiry happens when you apply for a loan. This leads to an adverse impact on your credit score, albeit temporarily. It is for this reason that it borrowers are recommended to apply for multiple loans within a short span…
Are you overwhelmed by your rising credit card debts? Choosing a balance transfer credit card might offer the best solution when you have accumulated too much debt on your credit cards. This card enables debt transfer from existing credit card accounts to a better rate card which can offer interest-free periods. Reducing your interest payments…
A 900 credit score is epitome of financial discipline. But can we achieve it and does it make a significant financial impact from almost perfect? Let’s strip out the myths from reality. What is a 900 credit score? Indian credit scores range between 300 and 900, of which 900 is issued by credit bureaus like…
Between April and September 2024, 18,461 frauds were reported, involving a staggering ₹21,367 crore—an eightfold jump compared to ₹2,623 crore last year. The number of cases, too, has surged by nearly 28%. Beneath these numbers lies a growing threat that financial institutions are struggling to counter: sophisticated fraud in loan applications. Digital imposters Identity fraud…
Total credit card expenditure in January 2025 declined to ₹1.8 trillion, reflecting a 2 per cent month-on-month decline and a 14 per cent year-on-year jump. Notably, the month-on-month decline in credit card expenditure can be attributable to a base effect since December saw elevated spending on account of year-end and new-year-related expenditures. Transaction volumes similarly…
A closer look at key quantitative measures can reveal how a fund is managed, the level of risk it takes, and its consistency across market cycles. What are these measures and what do they say about the scheme? Turnover ratio The portfolio turnover ratio is the percentage of investments a fund manager replaces in a…
If you are a retail investor and intend to claim income tax benefits via investments — there are multiple options to do so. Although you can invest in small savings schemes to claim tax deduction upto ₹1.5 lakh under section 80C. Besides this, you can claim tax benefits by investing in equity schemes and bonds…
