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I have worked outside India for 12 years but I will be relocating back to India in April for a better employment opportunity at an MNC. I have one residential property in India from 2010 which I will sell and instead purchase a bigger one after I return. Approximately how much tax will be there … Read more
If you never held a credit card and never took a loan then the chances are that your credit profile does not exist. This means the bank may refuse to give you a credit card or a fresh loan. This is a common problem among young loan seekers who have recently started earning and do not have … Read more
If you are planning to raise a personal loan, one of the key things that you should consider is the interest rate at which the loan is offered. This directly influences the monthly instalment, which is also referred to as EMI (equated monthly instalment). An EMI is a function of several factors including credit score, … Read more
Personal loan: If you have a domestic or overseas travel lined up and are short of funds – you may have a temptation to take out a personal loan for the same. Although fundamentally it is not a complete no-no, it is subject to some checks and balances. Let us understand more on this. Suppose you have … Read more
Personal loan: If you are planning to raise a personal loan, it is vital to note that it usually has a fixed interest rate, which means the monthly instalment at which you start paying at the start of the loan will continue till the end of the loan. However, there are three variables on which … Read more
If you are planning to go abroad and rely on a credit card for your day-to-day expenses – be mindful of the fact that each credit card levies a small fee for the transactions incurred in a foreign currency. This fee is also known as a forex conversion fee. This is a fee levied by a … Read more
This quote holds significance, especially in building a balanced portfolio that provides growth prospects along with stability in the long run. One way to achieve this is to utilise core satellite investing. Developed in 1973 by US economists Fischer Black and Jack Treynor—who also created the CAPM model—core satellite investing blends active and passive investment … Read more
In the last few years, the cashback category has gained a lot of popularity among customers. Taking note of this trend, banks have launched cashback-specific credit cards. The HDFC Bank Millennia Credit Card is one such cashback card. What are the features and benefits of this card, the fees and eligibility criteria, and should you … Read more
My wife’s PPF will mature in April. She wants to transfer ₹23 lakh to my senior citizen savings account and balance ₹7 lakh to our daughter. What will be the tax position implications for all of us? As from April, interest will be earned in my name. I should and will be liable to pay … Read more
ITR filing 2025: Before filing your income tax return, it is vital to compare the tax computation under both the tax regimes i.e., old and new. And you can opt for the regime which gives lower tax outgo. Introduced in 2020, the new tax regime was made the default regime for taxpayers as per Finance … Read more