Gold prices ahead of Dhanteras, Diwali: Domestic gold prices have rallied nearly 30% in the past one year and are now hovering around Rs 80,000 per 10 grams level for the last one week. Since last year’s Diwali on November 10, the precious metal has seen its price jump from Rs 60,750 to Rs 78,700
Question: What are the tax implications for gifts and bonuses received during Diwali under the Income Tax Act, 1961? Response given by CA (Dr.) Suresh Surana:During Diwali, individuals often receive gifts from employers, relatives, and friends. It is essential to understand that, under the provisions of the Income Tax Act, 1961 (hereinafter referred to as
MobiKwik, a prominent digital financial services platform in India, has introduced an Instant Fixed Deposit (FD) feature within its mobile application, collaborating with Small Finance Banks (SFBs). This initiative is designed to streamline the savings experience for its users. With MobiKwik Fixed Deposits, individuals can commence their investment journey with a minimum amount of Rs
Dwarka Expressway, India’s first elevated eight-lane highway, is rapidly evolving into a leading commercial and residential corridor in Delhi NCR. It has become a prime destination for real estate development in the Capital, offering opportunities for both businesses and homeowners. Residential and Commercial Boom Along the Expressway The construction of the Dwarka Expressway has triggered
Central government pensioners turning 80 will receive an additional pension in the form of additional compassionate allowance, the Department of Pension and Pensioners’ Welfare (DoPPW) clarified in an Office Memorandum issued on October 18. The DoPPW, which comes under the Ministry of Personnel, PG & Pensions, has shared new guidelines regarding additional pensions for central
When it comes to choosing between term insurance and whole life insurance, this can be tricky. Term insurance is like renting coverage for a fixed period. During this period, you pay either a lump sum or periodically to get a coverage to give your loved ones a financial security in case of your death. While
Do you often keep contemplating the amount needed to save in order to become a crorepati? There is no need for concern; achieving this goal is within your reach. Various strategies exist to accumulate one crore or even more over an extended period. Whether your target is accumulating a corpus of Rs 1 crore, Rs
House rent allowance (HRA) is a part of the salary that the employer provides to his employees to cover the rent expenses. It can be helpful in saving tax for those who live on rent. If you are looking for ways to save tax through HRA deduction, understand the important aspects of HRA and know
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) is one of the flagship schemes launched by the Modi government to provide free medical care to citizens, especially from the economically weaker section in the society. However, concerns have been raised from time to time about its implementation, as several incidents have surfaced from different
NPS Calculator: The National Pension System (NPS) is one of the popular investment schemes that offer financial security and stability during old age as that is the time when retirees often lack a regular source of income. With life expectancy in India continuously increasing, it becomes more important for individuals to save for their golden
Pay Commission pensions revisions: The Centre recently gave details about subsequent pension revisions and other reforms undertaken for senior citizen pensioners falling in the age bracket of 80 to 100 years. In the Rajya Sabha, Parliamentarians Sadanand Mhalu Shet Tanavade, Baburam Nishad, and Subhash Barala sought details on the increase in grievance redressal by Pension
Stock market participants are expected to track global trends and the trading activity of foreign investors in a holiday-shortened week ahead, with no significant domestic triggers in sight, analysts said. The equity markets will remain closed on Wednesday for Christmas. Looking ahead, analysts pointed out that while no major domestic events are scheduled, several global
In 2024, fundraising through Initial Public Offerings (IPOs) in India hit a record high of Rs 1.6 lakh crore. This milestone was fueled by robust economic growth, favorable market conditions, and enhancements in the regulatory framework. The year saw diverse companies, ranging from large to small market capitalizations, tapping into the IPO route, with the
