Behind the appeal of a lump sum insurance payment lies a harsh reality: many families struggle to manage it wisely and often exhaust it too quickly. Aditya Birla Sun Life Insurance (ABSLI) and Policybazaar aim to change that with their new ABSLI Income Suraksha Plan, which offers a fixed monthly income to beneficiaries instead of … Read more
First, a consultation paper released by the Securities and Exchange Board of India (Sebi) indicated that on average in 2023-24, 85 out of 100 people trading index derivatives lost money. Once the cost of trading was taken into account, 90 out of 100 lost money. Secondly, the document noted that on average, a retail trader … Read more
The list of valuers registered with the Income Tax Department for valuation of immovable property is generally uploaded by the Chief Commissioner of Income Tax in charge of the particular region and can be found on the Income Tax website. However, it is not mandatory to obtain the value as of April 1, 2001 from … Read more
Approximately 4,300 Indian millionaires are expected to move abroad by 2024, with most of them preferring to relocate to Dubai, UAE, according to a recent report on private wealth migration by Henley & Partners. Here’s an overview of how the Golden Visa program works. Application process The most popular way to apply for a UAE … Read more
I live in a rented flat in Noida, UP and pay rent of less than two lakhs per annum (INR). The flat owner is an NRI residing in Dubai, UAE. Please let me know if I as a tenant am required to deduct taxes before paying rent every month. Non-resident immigrant Landlord. If so, how … Read more
Have you ever wondered what you can do if you want to open a fixed deposit account but I don’t have access to a large sum. Is it possible to accumulate the deposit money in installments? Good, Bank of Baroda offers systematic deposit plan (SDP) for those depositors who wish to start an FD (fixed … Read more
With the UPS (Unified Pension System) which is soon to become a reality in the next financial year, several government employees may decide to opt out of the National Pension System (NPS) for UPS. It is important to note that for the time being, UPS will be open only to central government employees, which means … Read more
Are you thinking about applying for a new job? credit card In a bank? It is certainly a good idea, but it is worth finding out about its advantages and disadvantages and, above all, its main characteristics. Here is an overview of using a credit card and its key features that may change the way … Read more
We are residents of Mumbai and have a HUF in the name of our father who owns several movable and immovable properties. He has three married sons and their relatives are members of the HUF. After my father’s death, my elder brother worked as a Karta in the Hungarian ForintWe plan to completely divide the … Read more
Ganesh Chaturthi marks the beginning of the festive season in India, a time associated with new beginnings and prosperity. It is an auspicious period to reflect on your financial journey and make informed decisions that align with the blessings of Lord Ganesha. Market activity typically increases during this season, offering opportunities for growth. The latest … Read more
