As per the provisions of the Income-tax (I-T) Act 1961, if the actual sale consideration is lower than the stamp duty value by more than 10%, the stamp duty value would be regarded as the deemed sale consideration, for the purpose of calculating such LTCG/L
As per CBDT guidelines, the deduction is to be made when the aggregate value of the benefit exceeds ₹20,000 in a financial year and when the deductor’s gross sale or turnover from business exceeds ₹1 crore or from profession exceeds ₹50 lakh in the preceding financial year
When it comes to starting your financial path toward building wealth with sufficient liquidity, the first step is to create a savings account. A savings account is required for all banking and financial operations, and it is especially useful for short-term requirements or to meet unexpected crises.
Yes Bank, a private sector lender, raised interest rates on fixed deposits below ₹2 crore. The bank made the announcement today, June 18th, 2022, and as a result of the revision, interest rates on deposits maturing in one to ten years have been raised.
Gold has traditionally been regarded as a superior investment asset. It has become a safe haven for investors all around the world in recent years. Gold, in particular, possesses all of the characteristics that a traditional investor seeks in an asset class. Investing in gold has always shown to be a successful approach to combat inflation. Is there, however, a better way to go about it? Let's have a look.
Fixed deposit is considered a safe option for investment, but it also has certain risks. The investor should be aware of before taking the decision of investing in the fixed deposit scheme. Let’s understand this in detail.
Jana Small Finance Bank (SFB), which is a DICGC-insured lender, has raised interest rates on fixed deposits of less than ₹2 crore. The bank made this announcement on June 15, 2022, and as a result of the modification, the bank increased interest rates on 1 to 5-year deposits.
Bank of Baroda (BoB), a public sector lender, raises interest rates on savings bank accounts. The bank issued this announcement on June 15, 2022, and as a result of the modification, savings account interest rates have been raised by 5 to 10 basis points.
Equity investments tend to give higher returns than all other asset classes over the long run, but they are also riskier Here's a look at the tax rules that apply to some debt-related investment products
The hike comes after two back-to-back repo rate hikes by the Reserve Bank of India (RBI) in the May and June meetings of the monetary policy committee to rein in runaway price rise. SBI last hiked deposit rates in February, showed data available on its website.
Advance tax is applicable for assessees, including salaried employees, whose tax liability for the fiscal after accounting for taxes deducted or collected at sources, is ₹10,000 or more, the tax authority said
Fixed deposit interest rates are rising, and depositors are scrambling to see which bank is giving the greatest deal. With DICGC deposit safety and maturity terms ranging from 7 days to 10 years, a fixed deposit investment is perfect for obtaining a regular income as well as tax benefits with a low-cost investment.
Sundaram Finance is a well-known Non-Banking Financial Company (NBFC) and the company's fixed deposits are currently rated AAA (Highest Credit Quality) by ICRA and CRISIL and have been for the past 30 years.
Debt investors with a low-risk profile can consider investing in fixed deposits, which are instruments that are not linked to market-based returns and provide you with regular or fixed income based on your chosen tenure.
Equitas Small Finance Bank, a DICGC-insured institution, has increased interest rates on fixed deposits below ₹2 crore. The bank made the announcement on June 10th, 2022 and now regular customers will get a maximum interest rate of 6.85 per cent and senior citizens will get 7.35 per cent.