Fly often, rejoice! With the right credit card, you can enter the opulence and comfort of airport lounges and escape the bustle of congested airports. These cards make traveling easier and more enjoyable by offering free access to lounges both in the country and abroad. Here are some of the top choices that are offered…
From the 30-share pack, UltraTech Cement, Nestle India, Mahindra & Mahindra, Sun Pharmaceutical, Asian Paints, Maruti, Infosys and Tata Motors were among the gainers. | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty edged up in volatile trade on Wednesday (December 11, 2024) amid mixed global trends ahead of the U.S. inflation data….
Image used for representation purpose only. File | Photo Credit: V.V. Krishnan The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday (December 11, 2024), amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the…
I am a NRI and PIO. On December 15, I purchased two residential properties, which were paid for through my NRE account. What are the tax implications when I sell these properties? How can I remit the money outside India in foreign exchange (dollars)? What is the rate at which I would be taxed on…
Indian taxpayers can now apply for a reprint of their PAN card for a nominal fee of ₹50, according to PAN 2.0 guidelines. The reprinted PAN card, which includes a QR code, will be dispatched to the applicant’s registered email address, and the physical copy will be sent to their address. This facility also allows…
For representative purposes. | Photo Credit: iStockphoto Producer bias refers to the bias that economic policymakers have to frame policies that are in favour of the interests of producers rather than in the general interest of consumers. Producer bias adversely affects economic growth of a country as policies that are favourable towards producers adversely affect…
Taxes can hurt, but one can be smart about them. One of the many ways to save taxes is to create a family unit and pool assets to form a Hindu Undivided Family (HUF). An HUF has its own permanent account number (PAN) and files tax returns independently of its members. “Think of an HUF…
I am a senior citizen and a retired person. I have earned short-term capital gains of around ₹5 lakh till now on listed shares. My interest income is expected to be around ₹2 lakh for the year. I have fully invested and spent over ₹1.50 lakh in avenues covered by Sec 80C. After a deduction…
In a market environment where only 35% of portfolio management services (PMS) strategies have outperformed the broader indices, a disciplined approach on the part of PMS funds continues to deliver exceptional value for investors. Q2FY25 was a reset quarter for the market. FIIs were selling due to higher valuations and concerns about earnings growth, which…
The income tax department carefully monitors high-value cash transactions, so taxpayers should exercise caution when engaging in them. Section 269ST of the Income Tax Act prohibits receiving cash payments of ₹2 lakh or more in a single day for a single transaction or related transactions on a single occasion. If this limit is crossed, there…
