Money

Mutual fund investors often compare the returns offered by different schemes before investing. Typically, retail investors Compare the returns generated by plans in the same category before opting for one mutual fund plan over another. It is worth noting that wealth advisors They generally urge investors to make an investment decision based on an interplay … Read more

Real Estate in Mumbai: According to a report by Knight Frank, Mumbai has witnessed the second-highest increase in prime residential property prices globally in the second quarter of 2024. Residential Demand, specifically for high-end properties, is the driving factor behind Mumbai’s second position with a 13 per cent rise in property prices. New Delhi and … Read more

Priti Goel, Founder & CEO, Prisha Wealth Management Private Limited, a SEBI-registered investment advisory firm, talks about her journey, investment trends and her views on the impact of likely rate cuts by the Federal Reserve. Edited excerpts: As you are new to the investment advisory market, can you tell us a little bit about yourself? … Read more

Reserve Bank of India New rules: The Reserve Bank of India has introduced new rules that apply to its e-mandate framework. The rules will impact automatic replenishment of balances on services offered for FASTag and National Common Mobility Card. According to a circular issued on Thursday, such automatic replenishments in case the money account balance … Read more

Here is SP (name withheld by request) who tells his story and offers valuable lessons for anyone considering entering the high-risk world of options trading: In the last eight or nine years, I lost approximately ₹60 lakh in options trading, a loss so bad that I am now deep in debt, which is almost that … Read more

In 2022, I took a home loan from HDFC to purchase a flat and have been claiming a refund on the interest component under Section 24 and the principal component under Section 80C while filing income tax returns. The interest component was around ₹1.75 lakh for the last financial year. I have applied for another … Read more

The deadline to submit a income tax return (ITR) was approved on July 31, 2024, after which eligible taxpayers received a refund or an income tax notice (ITR) informing them that there was something wrong with their income tax return (ITR). It could be due to a Return of defective IT or a pending assessment. … Read more

This financial tool offers a unique solution for elderly homeowners who may have significant real estate value but few liquid assets. However, it also presents challenges and potential pitfalls that need to be carefully considered before jumping into the venture. Let us explore the concept of reverse mortgages, its potential benefits and drawbacks in the … Read more

Finance Minister Nirmala Sitharaman on Wednesday asked tax officials to use simple words in income tax communications sent to taxpayers and use their power judiciously. Nirmala Sitharaman, speaking at the 165th Income Tax Day celebrations in the national capital, said after adopting the faceless regime, tax officials must now aim to be more “fair and … Read more

However, the bank’s response was not satisfactory. They told him that the CVV or card verification value had not been validated because his card was tokenized. According to the card network’s guidelines, the CVV (a three-digit number that appears on the back of the card) Debit and credit cards–Payments with tokenized cards no longer need … Read more