Month: January 2025
Dividends are taxed at nearly 50%: Will Budget 2025 reduce income tax rate on dividends?
One major area which needs rationalisation in Union Budget 2025 is the taxation of dividends for resident shareholders. Resident shareholders are those who are considered…
What are dynamic asset allocation mutual funds and how do they work?
What are dynamic asset allocation funds? Also known as balanced advantage funds, these are a type of hybrid funds that invest in a mix of…
Choose investment assets that match future money goals else encashing them at time of need can be a problem
“I don’t like financial jargon,” he protested. The middle-aged man had just joined our group of weekend walkers. “Anytime I talk about my investments, I…
Will Budget 2025 merge old and new tax regimes to simplify income tax slabs, structure?
India’s existing tax system for individual taxpayers offers two personal tax regimes – the old tax regime and the new tax regime. The new tax…
Hike basic exemption limit to Rs 5 lakh, cut income tax rates, further reduce number of TDS rates in Budget 2025: EY
EY, one of the big four consultancy firms, has urged the government to hike the basic exemption limit to Rs 5 lakh from Rs 3…
Your liberal financial support can be harmful for your loved ones: Know the difference between helping & enabling loved ones
We see so much of financial enabling around us. Many of us are guilty of it even if we resent it, and wish we knew…
What is GST and who needs to register for GST?
What is GST? Passed as an Act of Parliament, the Goods and Services Tax Act came into effect in 2017, replacing several indirect taxes like…
Still not packaged well: GST adds to manufacturing woes, calls for simplification grows
Late in December 2024, the munchy popcorn found itself in the spotlight amid different tax rates proposed by the GST Council based on its sugar…