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ED searches Chanda Kochhar, Venugopal Dhoot residences in ICICI Bank-Videocon loan case

Posted: 01 Mar 2019 12:07 AM PST

ED searches Chanda Kochhar, Venugopal Dhoot residences in ICICI Bank-Videocon loan case
In connection with the Videocon loan case, the Enforcement Directorate (ED) has conducted searches at premises of Chanda Kochhar and Venugopal Dhoot, PTI reported officials as saying.

Source: TFE

For income tax refunds, check if your bank account is linked to PAN. Here’s how

Posted: 01 Mar 2019 12:04 AM PST

The Income Tax department wants you to link your PAN with your bank account and also validate it online.The I-T department will issue only e-refunds to bank accounts which are linked to PAN card from today
Source: LM

No income tax refunds without bank account-PAN linking

Posted: 01 Mar 2019 12:04 AM PST

Those who have not linked their PAN with their bank account should provide it to their home bank branch.Income tax refunds will be sent only to bank accounts from 1 March
Source: LM

How much a house costs in Delhi NCR

Posted: 01 Mar 2019 12:04 AM PST

Our compilation of property prices of prominent localities in Delhi NCR may help you compare and make an informed decision.Here are prices of some properties in price bands of below ₹ 50 lakh, ₹ 50-75 lakh, and above ₹ 75 lakh
Source: LM

An all-equity mutual fund portfolio can be very risky

Posted: 01 Mar 2019 12:04 AM PST

Regarding your portfolio, you are investing in an all-equity portfolio which is a very aggressive, high-risk combination.You need to ensure that you can ride out market volatility in these years to realise the benefits and returns of your investments
Source: LM

Sequence risk can impact your pension corpus

Posted: 01 Mar 2019 12:04 AM PST

Move your investments to safe assets such as fixed deposits or debt funds at least five years before retirement.Gradually moving your portfolio from higher-risk investments to lower-risk ones could also help
Source: LM

Retirement top goal for young parents, not child’s wedding

Posted: 01 Mar 2019 12:04 AM PST

Parents saving more for retirement and children's education than their wedding, say experts.While planning for your child's education and your retirement, consider factors such as inflation and income level
Source: LM

Don’t become a victim of phishing next time you download an app on your phone

Posted: 01 Mar 2019 12:04 AM PST

It's dangerous to assume that all apps available on Apple or Google app stores are legitimate and safe.Here's what can you do to protect yourself from phishing apps
Source: LM

Opinion | Women need to take the money challenge

Posted: 01 Mar 2019 12:04 AM PST

Women on their part need to move past mental barriers and believe in themselves.Financial services companies need to speak the investment language, aligned to the women's financial needs and address their concerns
Source: LM

Punjab National Bank to cut lending rates by 10 bps on 1 March

Posted: 01 Mar 2019 12:04 AM PST

The cut in lending rate based on MCLR will apply on loans of various tenors, says Punjab National Bank (PNB).The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45% from 8.55%
Source: LM

Society members entitled to free redeveloped flat

Posted: 01 Mar 2019 12:04 AM PST

When a society goes for redevelopment, existing members are entitled for new premises in lieu of their respective old premises, free of cost.It is to be noted that the funds credited to the NRO account shall be subject to payment of applicable income tax in India
Source: LM

How to check your PF balance

Posted: 01 Mar 2019 12:04 AM PST

The EPFO provides you with four ways to check your PF balance anytime.You can check your PF balance by simply logging in to the EPFO website, on the UMANG app, or by sending an SMS or a missed call
Source: LM

Penetration of financial products improving

Posted: 01 Mar 2019 12:04 AM PST

Growth rate in India is high, salaries are going up, and more and more millennials are willing to invest in MFs.Rahul Jain of Edelweiss, talks about the need of wealth management and how India compares to other countries when it comes to savings and investments
Source: LM

Longer horizon can give higher returns

Posted: 01 Mar 2019 12:04 AM PST

The growth rate of the investments will depend on your risk profile, i.e., higher the risk you take in investments.The longer investment horizon improves the probability of higher returns
Source: LM

How the GST rate reduction will impact property prices

Posted: 01 Mar 2019 12:04 AM PST

Since developers will not be able to claim input tax credit, will cost of property come down?.The cost of buying a house will come down, but not to the same extent by which GST rates have been cut
Source: LM

Govt employees get to choose NPS pension fund manager

Posted: 01 Mar 2019 12:04 AM PST

Until now, pension savings of government subscribers was split equally between three PSU managers.Govt employees can also decide the funds they want to invest in and in what percentage, within the conditions laid out under NPS
Source: LM

Person’s residential status can determine taxability of US govt pension in India

Posted: 01 Mar 2019 12:04 AM PST

Place of receipt of pension income and DTAA provisions between India and the US will also play a role.Rental income from property situated in India is considered as income accrued in India and taxable in India
Source: LM

Opinion | Should you invest in NCDs in current market conditions?

Posted: 01 Mar 2019 12:04 AM PST

NCDs, whose tenure ranges from 2-10 years, offer substantially higher interest rates than bank FDs but carry higher risk of default.Neil Borate asks four experts whether or not it makes sense to invest in NCDs in the current environment
Source: LM

Opinion | Putting family at ease after you are no more

Posted: 01 Mar 2019 12:04 AM PST

If you don't want your family to go through tedious paperwork and want hassle-free succession, make a Will now.In the absence of a Will or organised and recorded data of assets, loans, accounts etc., the family suffers
Source: LM

Farm land outside specified limits not treated as capital asset for taxation

Posted: 01 Mar 2019 12:04 AM PST

Specified agricultural lands are considered as capital assets and sale of only such lands are subject to capital gains
Source: LM

What is stamp duty and what is it charged for?

Posted: 01 Mar 2019 12:04 AM PST

A homebuyer can claim deduction against payment of stamp duty and registration fee under the overall limit of Rs. 1.5 lakh under Section 80C.Stamp duty also vary depending upon the owner's gender
Source: LM

6 things that won’t let you make the most of reward points

Posted: 01 Mar 2019 12:04 AM PST

Credit card reward points can be valuable only for specific transactions at specific places.You must remember that a default in repayment of a credit card bill could have a severe impact on your credit profile
Source: LM

There is no provision to cancel or surrender Aadhaar, even after death

Posted: 01 Mar 2019 12:04 AM PST

There is no provision to even update information about a holder's death in the Aadhaar database.As a security measure and to prevent misuse of biometric authentication, legal heirs should get the biometrics of the deceased person locked
Source: LM

Pension regulator working on minimum assured return scheme for NPS subscribers

Posted: 01 Mar 2019 12:04 AM PST

NPS is a contributory retirement savings scheme and seeks to inculcate the habit of saving for old age among the citizens.The regulator is in the process of designing and developing minimum assured return scheme
Source: LM

PF withdrawal online: Here is a step-by-step guide

Posted: 01 Mar 2019 12:04 AM PST

You can use the online withdrawal claim facility only if your Aadhaar is linked with your UAN.Earlier, it was mandatory for employees to have the attestation of their employers to facilitate withdrawal
Source: LM

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