Mutual fund SIPs have gained immense popularity as a modern investment tool for investors. A Systematic Investment Plan (SIP) is a disciplined approach to investing that helps in wealth creation through the power of compounding. SIPs are an excellent option for beginners, as they allow investments without requiring a large capital outlay. They also offer
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has approved a redemption policy for exchange traded fund (ETF) investments to generate higher income for its subscribers, the labour ministry said on Saturday. Sources said the CBT has approved reinvestment of the 50% redemption proceeds from ETFs back into central public
The income tax return filing deadline for the financial year 2023-24 has been extended by 15 days, now set for December 15, 2024. The due date for filing returns under Section 139(1) of the Income-tax Act, 1961, for taxpayers required to submit a report under Section 92E, was November 30. According to an official order
Pension Rules for Central Government Employees: In a recent clarification, the Department of Pension and Pensioners’ Welfare (DoP&PW) has issued new guidelines regarding the inclusion of a daughter’s name in the family details of a central government pensioner. The clarification, issued last month, ensures that a daughter’s name will remain part of the pensioner’s family
The Kerala High Court has recently delivered a judgment regarding pension calculations, bringing cheer to government employees, particularly in the context of implementing revised pensions for university teachers under the University Grants Commission (UGC) pay scale. In a landmark ruling, the Kerala High Court has reaffirmed that pensions must be calculated based on revised pay
By Neeraj Agarwala As gold prices remain elevated, many investors would like to redeem their units in gold exchange traded funds (ETFs), digital gold, sovereign gold bonds and even sell some physical gold. It is important to understand the income tax implications of holding and selling gold in its various forms. Gold ETFs, physical gold
A term insurance with a limited premium payment plan is a smart choice for individuals looking to balance affordability with long-term coverage. It allows policyholders to pay off the premium within a shorter duration while still enjoying full coverage for the entire policy term. In such a term plan, while the policyholder pays the premiums
By Neeraj Agarwala I want to give Rs 80 lakh to my daughter to purchase a property. Will she have to pay gift tax? —Ramesh Mahandis Gifts received by an individual from a specified relative are fully exempt from tax, regardless of the amount. Specified relative includes a parent, so the gift of Rs 80
The Institute of Chartered Accountants of India, the apex body for chartered accountants, has given its recommendations to the Lok Sabha select committee, which is examining the income tax Bill, 2025. The ICAI’s recommendations include cutting down the number of sections and simplifying the language in the proposed legislation. The ICAI council members have also
The Delhi High Court has ruled in favour of the government in a gas migration dispute between ONGC and a Reliance Industries-led consortium. The ruling could impact India’s oil and gas sector and influence future contractual obligations for shared reservoirs, explains Arunima Bharadwaj ALSO READBritannia CEO Rajneet Singh Kohli resigns, stock dips 0.6% post announcement
Birla Opus, the paints venture of the Aditya Birla group, is offering nearly double the amount of price-offs or discounts on products, at 6-7%, compared to rivals such as Asian Paints and Berger, whose price discounts are at about 3-4% on its products, trade and industry sources have told FE. The pricing action by Birla
Indian equities still trade at unattractive valuations and foreign investors will take at least 6-to-12 months to come back, UTI Mutual Fund CIO Vetri M Subramaniam and its head of equity Ajay Tyagi said on Thursday on the sidelines of a bell ringing ceremony on UTI Nifty 50 Index Fund completing 25 years. The reason
The Kalyani family dispute about their mother’s samadhi is back in court. Sugandha Hiremath, the sister of Baba Kalyani, informed the Pune Civil Court at the hearing held on Thursday that she travelled to Kashi to pay her respects at her mother Sulochana Kalyani’s Samadhi, only to discover that no such memorial existed, which left her
