Section 80CCC of the Income Tax Act permits individuals to deduct up to Rs. 1.5 lakh each year for contributions to specific ...

As Finance Minister Nirmala Sitharaman gets ready to present the Union Budget on February 1, the Association of Mutual Funds ( AMFI) has released a document with 13 proposals from the Mutual Fund ...

The tax officials will, of course, have a better understanding of what the revenue implications will be. But let them at ...

Ismailciydem / Getty Images The term "living wage" refers to a theoretical income level that allows individuals ... The living wage at the federal level was $25.02 per hour for a family of ...

Definition: Dividend yield is the financial ratio that measures the quantum of cash dividends paid out to shareholders relative to the market value per share. It is computed by dividing the dividend ...

Since you have earned capital gains but have not offered them to tax, your only option now is to file an updated tax return.

Karnataka saw zero participation from its 3,148 registered NRI voters in the May 2024 Lok Sabha elections. High travel costs, bureaucratic hurdles, and lack of online voting options deterred NRI ...

Mumbai: State Bank of India (SBI) has introduced a TAB-based digital onboarding process for Non-Resident Indians (NRIs), simplifying the opening of NRE and NRO accounts. This new initiative ...

The state government’s target of attracting 3,500 Non-Resident Indians (NRIs) from over 50 countries appears well within reach, with total attendance for the conclave projected to exceed 7,500 ...

Effective January 1, 2025, Australia will mandate that all onshore student visa applicants submit a Confirmation of Enrolment (CoE) at the time of their application, according to an announcement ...

In contrast, the old tax regime takes into account a standard deduction of Rs 50,000 as per income tax laws. Additional deductions beyond the standard deduction of Rs 50,000 may include HRA tax ...

which allows repatriation of funds to the NRI's country of residence. This is mainly suitable for savings and fixed deposits. This account is used to manage income earned in India, such as rent ...