Let us first dissect the core components of the policy change. The reduction in the LTCG tax rate to 12.5% appears beneficial at first glance. However, this apparent benefit is offset by the removal of the indexation benefit, which previously allowed taxpayers to adjust the purchase price for inflation. Without this adjustment, the taxable gains…
Since the deadline to file income tax return (ITR) did not get any extension beyond July 31, the last date to file the return for financial year 2023-24 is set to end tonight. Meanwhile, a PIB Fact Check clarified that the due date for filing ITR is July 31, and it has not been extended,…
Although often ignored, budgeting is the key to achieving success and stability in your finances. Consider it as your personal financial navigator, guiding you toward your financial goals. A budget is a strategic plan for managing your finances, not just a financial tool. You regain control over your finances by carefully dividing your income between…
One could compare the rise of credit cards to a double-edged sword, one that presents challenges, especially for today’s young adults who depend heavily on credit. The notable trend of credit card usage expanding quickly can be attributed to several factors, including changes in lifestyle, digital payments, financial inclusion, and the attraction of reward programs….
ITR Filing Date Live Updates: The annual tax season is nearing its end today, as the deadline for filing income tax returns (ITR) looms today, on July 31. Taxpayers who have not yet filed your returns for FY23 (AY24), have to do so by today, with some exceptions. Here are all the details you need…
r. announced on Tuesday that approximately six crore income tax returns had been filed for the 2023-24 fiscal year, with 70 per cent of these returns submitted under the new simplified tax regime, which offers lower tax rates. At a post-budget PHD Chamber of Commerce and Industry session, Malhotra addressed concerns about adopting the new…
The government has clarified it has not extended the due date for filing income tax returns (ITR). The due date of filing ITR is July 31, 2024. The date of ITR filing has not been extended to August 31, 2024. The confusion arose after an advisory by the Office of Press Registrar General of India…
Higher interest rates on loans are anticipated as a result of the major banks, including State Bank of India (SBI), Bank of Baroda (BOB), HDFC Bank, and Yes Bank, recently raising their marginal cost of funds-based lending rates (MCLR). The growing cost of funds for banks is the primary cause of the MCLR increase. Banks…
HDFC Bank has revised its fixed deposit rates for deposits under ₹3 crore. As of July 24, 2024, the bank now offers interest rates ranging from 3% to 7% for general depositors and 3.5% to 7.5% for senior citizens, depending on the deposit tenor, which spans from 7 days to 10 years. These revised rates…
Ahmedabad’s real estate market has seen remarkable growth in recent years, fueled by government policies and post-pandemic recovery measures. According to the ‘Ahmedabad Residential Overview’ report by ANAROCK Group and CREDAI Ahmedabad, the city’s industrial and infrastructure expansion has spurred job creation and attracted talent, driving real estate demand. The report, revealed at the Ahmedabad…
