With these numbers, India stands at the precipice of its largest intergenerational wealth transfer. Over the coming decades, trillions of rupees will shift hands as family businesses, assets, and investments transition from the first-generation wealth creators to their heirs. Yet, despite this seismic economic shift, most wealthy Indian families remain woefully unprepared. The absence of … Read more
You can fund your overseas trip for personal/professional reasons, business or vacation with your credit card. Though credit cards offer a lot of benefits such as low forex mark-up fee, rewards and discounts on flights as well as hotel bookings for international travel, you have to be careful with your usage. There are several things … Read more
But, some experts warn it may not be a blanket benefit available to all businesses and professionals eligible for presumptive taxation schemes. How does presumptive taxation work? Presumptive taxation for businesses and professionals is covered under Section 44AD and Section 44ADA, respectively. Under Section 44AD, small businesses with a turnover of up to ₹2 crore, whose … Read more
India is a rapidly developing country. The financial landscape in the nation is continuously evolving and creating healthy ground for obtaining a credit card even without traditional income documentation. Now, irrespective of being a student, homemaker or freelancer there are several banks that provide for credit card options that don’t require you to submit a … Read more
As India’s economy and startup ecosystem continues to flourish and grow, several aspiring entrepreneurs are exploring financing opportunities to kickstart with their own ventures. One of the most prominent options to meet these demands is utilising personal loans to fund business ventures and initiatives. Now, this approach offers several advantages still, it also comes with … Read more
In today’s rapidly evolving digital age credit card transactions have now become commonplace in India. Still, instances of extremely high and incorrect charges or unauthorised transactions are not at all uncommon. That is why, clearly understanding the dispute resolution process is important for credit card users to safeguard and defend their financial interests. This particular … Read more
I’m a first-time borrower planning to apply for a home loan. How do banks and non-banking finance companies (NBFCs) assess creditworthiness in such cases? Do NBFCs offer any advantages over traditional banks for first-time applicants? What key factors should I keep in mind before taking a housing loan?” -Name withheld on request With home loans … Read more
In the last few years, the popularity of UPI payments has surged. Due to its ease of use and speed of payment, it has become the go-to payment mode for many people. According to the numbers released by NPCI, in March 2025, the UPI transaction volume for merchant payments reached a humongous 11.46 billion, and … Read more
The Centre is planning to make it mandatory for health insurance companies to approve cashless authorization requests within an hour, and final claim settlement requests within three hours, according to two people close to the development. Alongside, a professional agency may be hired to design standardized insurance claim and application forms that are easy to … Read more
In income-tax assessment proceedings, assessing officers (AO) get a full nine months to issue information-seeking notices to scrutinize and verify the claims of expenses, deductions, and incomes as declared by taxpayers in their income tax returns (ITRs). However, recently concluded assessments for the fiscal year 2022-23 suggest that a major part of this nine-month period … Read more