Are you a landlord who earns rental income from commercial properties? If your earnings cross a certain threshold a year, you may have to register for the Goods and Services Tax (GST) and start charging tax on rent. While renting out residential properties remains tax-exempt, commercial leasing comes with specific GST rules that every professional … Read more
Her first brush with the stock market wasn’t smooth due to the Harshad Mehta scam. She and her husband, Sandeep Shaligram (60), suffered massive losses in the infamous Harshad Mehta scam. “The Harshad Mehta boom motivated a lot of young couples like us to invest in stocks, but the scam and the subsequent crash in … Read more
Usually when a personal loan is disbursed, the loan seeker is free to use the money for anything s/he wishes to. Unlike home loan repayment, personal loan borrowers are not given any income tax benefit. However, this rule is subject to certain exceptions. One can claim income tax benefits on interest paid when the personal loan proceeds … Read more
Credit card spends earn you a good number of reward points, especially if it is in low-risk consumption categories such as grocery, utility bills, apparel, restaurant, supermarkets, telecom and entertainment. But can you use the reward points to make direct payments at merchant outlets and e-commerce platforms? Several leading card issuing banks have their own … Read more
I am planning to buy a home and will be taking a loan to finance my purchase. While exploring my options, I came across loan protection insurance. I want to understand whether it is necessary and how it can benefit me. – Name withheld on request Buying a home or car is a dream come … Read more
To match the score of DSP’s fund, the new kid on the block, the sum of the funds that gave positive returns would need to be more than doubled. Among the 11 funds in this category, six recorded negative returns in the last year, according to the pension fund regulator’s NPS Trust website. A closer … Read more
Between April and September 2024, 18,461 frauds were reported, involving a staggering ₹21,367 crore—an eightfold jump compared to ₹2,623 crore last year. The number of cases, too, has surged by nearly 28%. Beneath these numbers lies a growing threat that financial institutions are struggling to counter: sophisticated fraud in loan applications. Digital imposters Identity fraud … Read more
In case of a sudden medical expenditure, Indians take a loan generally to bridge the gap. However, between a medical loan and a personal loan, do you opt for one over the other? Read ahead for both of them to choose wisely: Medical loans: They are meant for medical expenses Medical loans are tailored to … Read more
When you are running low or have completely run out of internet data on your mobile, you can easily do a top-up. A top-up gives an instant boost to the internet data. Similarly, if you have taken a personal loan and need more funds, you can go for a personal loan top-up. In this article, … Read more
As the global landscape of wealth management evolves, so do the expectations of affluent investors. Now, in early 2025, the focus has shifted towards a more nuanced and diversified approach, with high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNIs) seeking a broader array of services to manage and grow their wealth effectively. Core expectations – tailored … Read more