Manking Personal Finance Easy
After concerning that this could increase the tax obligation for real estate investors, the government introduced a grandfather clause to allow indexation on property purchased before July 23, 2024 – the day on which the budget was presented. According to the clause, if the new tax rate of 12.5% results in a higher obligation than…
On paper this sounds like a smooth strategy. But as with most things with taxes, the devil is in the details. Let us break down what this GST -input tax credit (ITC) really means – and why following the following such advice could cost you more in the long term, not only in money, but…
Retail inflation fell to a lowest point of 3.61% of 3.61% in February, mainly as a result of illuminating the prices of vegetables, eggs and other protein -rich articles, which created the RBI space to reduce interest rates next month. File | Photocredit: Reuters The Reserve Bank of India (RBI) will probably again lower the…
Wings cut: RBI has a limited power to force PSB mergers, to approve/have bought them well before the board members and replaced boards. File | Photocredit: Reuters The power and independence of financial supervisors must be strengthened with legislative and institutional changes, a worldwide report based on a recent assessment of the Indian financial system….
Have you heard of the phenomenon to clean up a personal loan by increasing a new one? Or have you ever thought that someone is considering setting up a new loan to erase his countless old debts? This is not unusual, not irrational. Let’s explain why. Suppose Mr Z has five different loan obligations of…
JP Morgan projected that the United States will slide into a recession by the end of 2025, so that the fall largely attributes to the newly announced mutual rates of President Donald Trump. The prediction comes days after Trump has imposed radical tasks on imports in an attempt to re -balance trade tires, with further…
The latest data on the income tax website shows that a total of 3.24 LAKH persons have filed their income tax returns for more £1 crore before March 31, 2025. Of these, a total of 2.97 LAKH persons submitted their tax return for income between £One to five crore. Taxpayers who have submitted their income…
New Delhi, with strong economic prospects, policy reforms and a resilient market, remains an attractive destination for attracting worldwide capital, experts said Saturday. The recent mutual rates imposed by the US administration on Indian goods remain relatively modest compared to other Asian countries, resulting in a competitive advantage for India. “This opens a strong proposal…
Ministry of Finance has clarified that PAN (permanent account number) can be linked to Aadhaar without paying late reimbursement if the application for Aadhaar was submitted before 1 October last year. However, this link must be completed before December 31 of this year. There are dozens of taxpayers who have received their pan based on…
