Information Financial News

equity-linked savings scheme (ELSS) represents a prudent approach to attain both investment growth and tax benefits. These funds predominantly allocate investments to equities, known for historically delivering superior returns compared to asset classes such as debt or fixed deposits. Consequently, ELSS emerges as an attractive choice for those seeking to create long-term wealth.

financial goals and maintain financial well-being. It involves budgeting, saving, investing, and making informed decisions about income and expenses. Essential aspects include creating a budget to allocate funds wisely, establishing an emergency fund for unforeseen circumstances, and strategically managing debt.

MintGenie, Monga said that reviving expired incentives, such as tax breaks, is crucial for affordable housing. As Budget 2024 approaches India’s real estate scenario amid an upcoming election year, the focus is on potential changes to home loan interest rates under Section 24 of the Income Tax Act. Currently capped at ₹2 lakh, experts suggest raising the limit to at least ₹5 lakh.

A post shared by Instant Bollywood (@instantbollywood) Livemint could not independently verify the authenticity of the video clip. Despite Rinku's early success, the star cricketer reportedly informed that his father has refused to give up his job.

Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. As always, all quarters of the economy has certain expectations from the Budget. A few key steps that would help to rationalise and simplify taxes are as follows: Rationalise and simplify withholding tax provisions TDS/TCS on purchase/sale of goods It is recommended that the TDS provisions of section 194Q and TCS provisions of section 206C(1H) be made applicable only to payees or payers who are not registered with GST. This will then align with the Government’s intention of widening and deepening the tax net. Alternatively, instead of TDS/TCS, the purchasers/sellers may be required to file Annual Information Returns. Also, in view of divergence between definition of ‘goods’ under Sale of Goods Act and GST law, ‘goods’ may be defined precisely with exclusion for items like shares, securities, foreign currency and actionable claims.

Galaxy AI features based on Gemini foundational models. This includes advanced AI-based real-time call translation, summarization, and text format features tailored for the Chinese audience. Reportedly, one notable feature making its way to the Galaxy S24 phones in China is a localized version of Google's 'Circle to Search' functionality.

revised ITR. In Budget 2021, the time for filing revised ITR was reduced by 3 months, i.e. from the end of an assessment year (March 31) to December 31 of the year. In the Budget speech, Finance Minister Nirmala Sitharaman stated that with technological upgrade in the income tax department, the processes are becoming extremely efficient and hence, the last date for filing of belated or revised returns of income was being reduced by three months. While the advancement of these deadlines helps in processing and closing tax assessment for taxpayers, clearing of cases and also aids faster processing of tax refunds, it does create challenges for some taxpayers. Residents liable to tax in more than one jurisdiction

Those grounded Boeing jets are coming back starting Friday

PAMBO, the native cryptocurrency of trailblazing blockchain project Pandoshi, is currently in its initial presale period. It’s being offered at discounted rates before eventual public exchange listings. Just weeks into its presale, Pandoshi has already raised over $2 million from high investor demand. The token is skyrocketing into the mainstream market with millions talking about it every day all around the globe.

British billionaire Joe Lewis has exited his stake in a biotechnology firm at the centre of the United States insider-trading case in which he pleaded guilty this week, cementing an eight-fold gain.

King Charles III has gone through a successful surgery after going to the hospital for prostate treatment. A royal course has informed Fox News Digital has he is doing well. It was learned by the news outlet that the hospital was left by Queen Camilla after the procedure with all going as predicted. Wife Queen Camilla has accompanied the king to the private London clinic in west London, with the Princess of Wales, Kate, undergoing treatment for abdominal surgery in the past week.

Netflix's latest Latin American crime drama, «Griselda,» won't be returning for a second season, dashing hopes of fans eager for more. The series, centered around the notorious drug queen Griselda Blanco, played by Sofía Vergara, was always intended as a limited series.

Similar to the 19th-century forerunner, the series is centred on a previous generation of the Dutton family, with a cast which is led by Helen Mirren and Harrison Ford. While the leading show is ending, season 2 of 1923 is going to be released soon.

Microsoft Teams work chat has gone quiet this Friday, chances are your boss didn’t let you out early for the weekend.The workspace chat and videoconferencing service started experiencing issues in various regions of the world earlier in the day.Close to 15,000 incidents with Microsoft Teams were logged on outage tracking website Downdetector.com as of 3 p.m. Eastern.

The United Nations agency charged with delivering aid to Palestinians has fired staff members accused of being involved in the Oct. 7 attacks against Israel, in which 1,200 people were killed.

A report presented at a recent tech conference contain insights that might be beneficial for advisors looking to upgrade their tech stack.

BJP leaders held consultations among themselves and with allies on Friday amid signs that the party is open to joining hands with Bihar Chief Minister Nitish Kumar yet again as his ties with INDIA bloc partners nosedive. Former Bihar deputy chief minister and Rajya Sabha member Sushil Kumar Modi, who has been among the state leaders consulted by the BJP top brass, told reporters that doors are never closed permanently for anyone in politics. They open and close as per the necessity, he said, when asked about the party's earlier stand that its doors were closed for Kumar forever after he snapped ties with the BJP in August 2022.

Democratic senator Ron Wyden in a letter made public on Thursday. Wyden, who released the December 11 letter, called upon US intelligence officials to stop using Americans' personal data without their express knowledge and consent, saying it was unlawful.

Infosys founder N R Narayana Murthy on Friday shared a piece of advice with entrepreneurs seeking to build successful consumer brands saying they must focus on creating products that come embedded with 5-10% more value than promised in their ads. “Brand is a mark of trust,” the veteran entrepreneur said during the annual conference of Venous Association of India in Mysuru.

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