Several Indians are finding themselves in a tricky spot after using their credit cards to buy property in Dubai, reported The Economic Times. What seemed like an easy way is leading to legal and tax problems back home. Some homebuyers either checked the payment links shared by Dubai-based builders or swiped credit cards when they were visiting…
With your health insurance renewal around the corner, you may receive calls offering lower premiums or better features if you port your policy. This can make you reconsider renewing with your current insurer, especially if you’ve had a bad experience or are facing a steep premium hike. Porting does offer continuity benefits, such as credit…
We are living in an interconnected financial world, where an investment portfolio that looks beyond national borders is no longer reserved for a select few. It is a strategic necessity. With global trade wars, rising inflation, currency fluctuations and geopolitical events introducing volatility in Indian capital markets, the smart investor of today is seeking ways…
Nippon India Mutual Fund announced the opening of its new branch in Leh, Ladakh in its apparent attempt to spread mutual fund penetration in the state of J&K. With this launch, Nippon claims to be the only mutual fund house with a physical presence in such a high-altitude region. A company statement said that this…
While taking a credit card, one of the criteria that an individual looks at is the reward structure. Some credit cards give reward points. These can be redeemed in multiple ways, and the value per point varies. On the other hand, some credit cards keep it simple by giving cashback. In this article, we will…
IDFC FIRST Bank and Indigo have launched Indigo IDFC FIRST Dual Credit Card, which offers two credit cards—Mastercard and RuPay cards with a common credit limit. “Regardless of how you apply, whether by paying a joining fee or with a Fixed Deposit (FD), you will receive two physical cards — Mastercard and RuPay in one…
I am a Singapore citizen. I had previously invested in an unlisted Indian private company in 2021. Subsequently, I have sold my shareholding to an NRI here, after the Indian promoter chose not to exercise his right of first offer. The buyer did not deduct tax at source (TDS) on the transaction. As I do…
This is largely because capital gains reporting often requires scrip-wise disclosure and must be entered in multiple sections of the ITR form. The complexity is further compounded by the annual information statement (AIS), which often contains inaccurate information regarding equity transactions, making it necessary for taxpayers to verify and input the correct data manually. In…
ITR filing in the nation is primarily based on annual income thresholds, taxpayers’ slab with specific exemptions outlined for the unemployed and students. It is prudent for all taxpayers below the age of 60 to file an Income Tax Return (ITR) if their total annual income exceeds ₹2.5 lakh under the old regime or ₹3…
A credit score is simply a foundational element that helps in shaping the outcome of every personal loan application. Lending institutions increasingly rely on credit reports and credit scores to decide an applicant’s reliability and financial discipline. Here are five crucial ways your credit score can make a difference to your personal loan journey: Boosts…
