Donations to the Ayodhya Ram Mandir may qualify you for an income tax deduction under the old I-T regime. Individuals who have opted for the old tax regime can claim up to 50% deduction under Section 80G while donating funds to the Shri Ram Janmabhoomi Teerth Kshetra — provided that their cash contribution does not
A mutual fund SIP (systematic investment plan) can be an excellent way of wealth creation in the long term for investors. The SIP mode of investment mitigates risks associated with market volatility through cost averaging and helps investors build a big corpus over time. In the last six months, Indian equities have seen sharp corrections
The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the Finance Bill 2025 in the Lok Sabha, Sitharaman said the new income tax bill, which was introduced in the House on February 13, is currently
While younger individuals in India are securing life insurance earlier—dropping the average first-time buyer age from 33 to 28—many remain underinsured, with coverage far below the recommended level of at least 10 times their annual income, according to a recent study by Bajaj Allianz Life Insurance, conducted in collaboration with NielsenIQ. The study, titled ‘Underinsurance
The Income Tax Department has issued an advisory urging taxpayers to file their updated Income Tax Return (ITR-U) before March 31, 2025, to avoid higher penalties and additional tax burdens. The department emphasized that timely filing would result in a lower additional tax of 25%, whereas filing after the deadline would increase the tax liability
With the financial year 2024-25 about to end, the filing of income tax returns (ITRs) for the Assessment Year 2025-26 will start from April 1. Like previous years, taxpayers can file their tax returns online and offline both. The Income Tax Department every year enables new forms, updates existing ones and launches Excel utilities to
The GST Council is reportedly leaning towards a middle-ground approach rather than a complete waiver for health and life insurance policies. At present, health and life insurance gross premiums attract 18% GST, and this is expected to be brought down to 5%, FE reported, citing sources. This reduction, rather than a complete waiver in GST
Health insurance is a crucial safety net, but for individuals with pre-existing conditions, navigating coverage can be complex. A pre-existing condition—any illness or health issue diagnosed before purchasing a policy—often impacts how insurers assess risk, determine premiums, and impose waiting periods. To address customer confusion, the Insurance Regulatory and Development Authority of India (IRDAI) has
Quarterly transactions in the office market reached a historic high of 28.2 million square feet in the January-March period, shows a Knight Frank report. Global capability centres (GCCs) were the largest consumers of office space during the period, accounting for 44% of the total transaction volume. A resurgence in demand from the third-party IT services
The reciprocal tariff of 27% will jack up customs duties faced by Indian exporters of studded and gold jewellery in the US to 32-34%, including 5.5-7% extant tariffs. Diamond products which currently do not have any tariffs, will cost US importers a 27% import duty. Sabyasachi Ray, Executive Director of the Gems & Jewellery Export
Corporate India is gearing up for a challenging trade environment in the wake of the 27% reciprocal tariffs imposed by the US on Thursday. While the Trump administration has described the move as its moment of liberation, India Inc leaders feel there are some pain as well as some gain. From India’s perspective, key sectors
Dusit International, a leading Thai hotel and property development company, on Thursday announced plans to expand its presence in India by launching its luxury and upper-midscale brands in key emerging markets. The strategic expansion plan builds on the momentum of Dusit’s recent foray into the Indian market with the soft-opening of the contemporary and upscale
The quarterly updates of fast-moving consumer goods (FMCG) companies, which has been released so far for the January-March 2025 period (Q4FY25), present a mixed picture of the sector at a time when urban demand has remained weak. Rural demand, in contrast, has been resilient and is expected to improve in the coming months. While Marico
