The rising demand in India’s retail credit market has thrown up new opportunities for Non-Banking Financial Companies (NBFCs) to widen their investor base, as per a recent report by Crisil Intelligence, ANI reported. The growing demand in India’s retail credit market has opened new opportunities for Non-Banking Financial Companies to expand their investor base, according to a…
As the September 15 deadline to file the income tax return (ITR) for the financial year 2024-25 draws closer, most taxpayers are expected to be busy arranging documents for filing their return well on time. Although it is recommended to seek an expert’s advice – a chartered accountant or an income tax expert – before…
Improving your credit score before submitting any personal loan applications can significantly boost your chances of approval and help you secure easier interest rates. A high credit score, i.e., any credit score in the range of 750 or above, is considered reputable by lending institutions. Here are five straightforward strategies to boost your credit score…
The Reserve Bank of India on Wednesday flagged that a number of Pradhan Mantri Jan Dhan Yojana accounts are due for a re-KYC as the scheme has completed 10 years. In his MPC statement, RBI Governor Sanjay Malhotra said that camps are being organised by banks for customers to complete their re-KYC. Launched in 2014,…
Before you invest in a mutual fund scheme, it is recommended to examine its past returns. Just like in a stock, a scheme’s past returns give an indication of how it may perform in the near future. Additionally, since mutual fund schemes indicate aggregate returns of their constituent stocks, their past returns gain relevance just…
Bhawna Kakkar, chartered accountant and founder of Kakkar & Company, said it is becoming increasingly common in residential property transactions to split the sale value between the real estate and items like furniture, white goods, and other household items. This tactic is often used by sellers to reduce their capital gains tax burden. But experts…
Before finalising a travel plan, vacationers are expected to look at their bank balance first. Perhaps not any more! A little more than a quarter of holidayers reportedly took personal loans for travel, revealed a recent survey. This survey – carried out by Paisabazaar – was based on 5,700 respondents across 97 towns and cities….
I’m a 36-year-old single individual living with my elderly father. We don’t currently own any property. My net worth stands at ₹1.2 crore, spread across EPF, PPF, and other investments. I earn a gross annual salary of ₹30 lakh, with annual living expenses of around ₹10 lakh. What should my target net worth be by…
When choosing a travel credit card, what will you look for? A zero/low forex fee, complimentary lounge access, accelerated reward points on travel spends, higher redemption rate on travel, etc.? The IDFC FIRST Bank Ashva Credit Card provides all these benefits. In this article, we will look at the travel and other features and benefits…
Failing to submit your Income Tax Returns (ITR) for several years can have serious consequences for individuals. Repeated delays, omissions attract mounting penalties, legal complications, and other associated challenges. Such mismanagement of tax filing can create financial barriers and cause a rift in long-term planning. As a well-informed taxpayer, you should focus on meeting deadlines…
