The government is contemplating rolling out a scheme under which banks will issue credit cards with a ₹5 lakh limit to micro enterprises to help them meet immediate working capital needs at affordable interest rates. The scheme will include credit guarantee cover, a first for such a product, reported Financial Express. Currently, credit cards come…
I am a non-resident Indian (NRI) currently residing in the United Arab Emirates (UAE). I hold shares of Mahindra Logistics Ltd, and it has just announced a rights issue. I don’t want to subscribe to the issue, but want to sell the rights entitlements to a fellow NRI. What are the tax implications of doing…
In a major shift that could result in transforming the country’s credit ecosystem, the Ministry of Finance is gearing up to roll out the Unified Lending Interface (ULI). This will be a new digital lending system that could eliminate the need for traditional credit score checks before sanctioning personal loans or credit cards, reported NDTV….
Freelancing is a growing pillar of India’s digital economy, especially in the cross-border gig space. Many professionals now offer services—design, tech, consultancy, writing—to clients based overseas. But as the work goes global, so does tax compliance. Understanding how foreign remittances and freelance income are taxed in India is crucial to staying compliant and avoiding penalties….
Taxpayers in the country are now gearing up for filing their income tax returns for the Financial Year 2024-25 i.e., assessment year 2025-26. Keeping the same thing in mind, prudent taxpayers should focus on gathering crucial documents ahead of the recently extended filing deadline of September 15, 2025. Once the relevant documents are gathered it…
When taking a personal loan, one of the most important factors is to understand the interest rate. It directly affects the total repayment amount over the loan tenure. Even a slight difference in the rate can significantly affect your monthly instalments and the overall cost of the loan. Whether you are borrowing for a medical…
I’m a retired senior citizen. My income comprises ₹2 lakh from bank interest, ₹1.5 lakh of short-term capital gains and ₹2.2 lakh of long-term capital gains. What are my tax implications under the new regime and which income tax form should I use? – Name withheld on request I am assuming the long-term and short-capital…
How iron out such issues, Zerodha and Angel One have been working with Rupeeflo, a Bengaluru startup. Other brokers are also looking for ways to simply the process and encourage more NRIs to invest. What are the main hurdles? Opening a demat account requires an NRI to fill out forms, scan and email them to…
Prior to investing in a mutual fund, it is quite usual for investors to compare the returns given by different schemes in the same category. Although historical returns do not guarantee future returns, they give an indication of how the scheme has performed in the past. Here, we list out the top-performing value mutual funds,…
The government has accepted most of the committee’s recommendations, paving the way for its likely passage in the ongoing monsoon session. At first glance, the new Bill appears to simplify India’s notoriously dense tax code. It’s shorter, cleaner, and more intuitively laid out. But scratch the surface, and questions emerge: does a change in language…