Provident Financial News

Salaried individuals are expecting a separate deduction for repayment of home loans, enhancements in Section 80C and 80D deductions, and measures to encourage the shift to the new tax regime for home loan borrowers. Here's what a common man wishes from the Finance Minister in the Union Budget on February 1. Presently as per Section 80 CCE the deductions available under Section 80C, 80CCC, and 80 CCD(1) put together are capped at ₹1.50 lakh per year.

Union Budget 2020-21 which provided for lower tax rates for individuals compared to tax rates under the old tax regime. However, it comes with the condition that a taxpayer has to forego several deductions and rebates available under the old tax regime. An individual has an option to choose either old tax regime or new tax regime for each financial year.

OnePlus will be live-streaming the event on YouTube, starting at 7:30 PM. The live stream will also be available across all OnePlus social media handles. For those keen on catching the event live, the YouTube link is here.

My 66-year-old sister has no income and no one to support her after she lost her son. I have decided to sell her flat and move her to a senior living home with a monthly expenditure of Rs 50,000. The sale will leave me with about Rs 1 crore after deducting capital gains tax. How should I invest this amount to generate a monthly income for her? Vidya Bala, Co-Founder, PrimeInvestor.in: Invest in safe options that give around 7% return. Choose from the Senior Citizens’ Savings Scheme, RBI Floating Rate Bonds, and bank fixed deposits that you can lock in at this rate for five years or more. Considering her age, keep at least 10% of the corpus in a combination of savings bank account and short-term bank FDs so that it can be easily liquidated. This will also be necessary to pay taxes, apart from possible medical needs.

5G services in and around airports, as per an Economic Times report. The focus of these discussions will be on concerns related to aircraft and passenger safety. A broader panel has been constituted to "address the 5G matter", sources told the paper.

interim budget 2024 that is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1. “The budget's emphasis on research and development offers us an exceptional chance to innovate.

Budget 2024and the potential reforms it may bring, particularly in the realm of income tax. The annual budget is a crucial policy document that outlines the government's fiscal plans for the year ahead. For taxpayers and businesses alike, understanding the potential changes in income tax regulations is of paramount importance.

₹61,964 per 10 grams. Also Read: Gold lags Nifty 50 in last 6 months; what's the future outlook for bullion? Here's what experts say While geopolitical tensions continue to provide some support to precious metals, incoming macro numbers and rate-cut talks may keep them volatile. According to Reuters, the US flash PMI report on Wednesday, fourth-quarter advance GDP estimates due on Thursday and personal consumption expenditures data on Friday, before the Fed's next meeting on January 30-31, will be on investors' radar.

₹145, a 339.39 percent premium to the issue price of ₹33 NSE SME. The ₹20.26 crore IPO was open for subscription between January 15-17. The SME IPO Maxposure received the highest subscription so far in 2024 at 987.47 times at close.

By Rajesh Kumar Singh

A total of 120 flights (domestic and international) were delayed on account of dense fog last Wednesday. Additionally, a total of 53 flights (including domestic & international) were cancelled because of fog and other operational reasons.

In case you fancy free access to domestic and international airport lounges or steep discount at restaurants, you can – among other things – apply for a bank’s credit card. They will also offer a number of other benefits such as cash backs and discount on fuel.

Medi Assist IPO: The listing date of the initial public offering (IPO) of Modi Assist Healthcare Services Ltd has been fixed on 23rd January 2024 i.e. today. As per the information available on the official website of BSE, Medi Assist share price will be listed on BSE and NSE in a special pre-open session on 23rd January 2024.

“India's biggest religious tourism hub". But the government seems to have a much bigger plan for Ayodhya — dubbed as "The Land of Sree Ram" by it. The Union and the Uttar Pradesh governments plan to put the city "on the map of world tourism in the years to come".

In our previous update, see here; we presented three Elliott Wave Principle (EWP) options for the S&P 500.

online gaming companies including Dream11, Mobile Premier League and Games24X7 are running personalised offers and schemes, in an effort to keep regular gamers and influencers hooked on the platforms amid an increase in tax liability. The goods and services tax rate on real money gaming has been increased to 28% effective October 1. The tax is applicable on the full face value, or the money that a user deposits to participate in a game.

Sebi) is set on imposing tightened ultimate beneficial ownership norms for overseas investors with effect from February 1 despite pressure from foreign banks and a section of offshore fund managers to ease the rules ahead of the deadline, said a person with direct knowledge of the matter. According to unofficial estimates, there could be a sell-off in Indian stocks in the range of ₹1.5 lakh crore to ₹2 lakh crore over the next six months by funds unable to comply with the norms.

By Nate Raymond

MONTREAL — Immigration Minister Marc Miller is announcing a two-year cap on international student admissions.

(Reuters) -Southwest Airlines said on Monday its pilots approved a new labor agreement, which will offer about a 50% pay raise over a five-year period.

Ajay Kumar Sood has been tasked with resolving the contentious issue of rolling out 5G services in and around airports amid aircraft and passenger safety concerns. Senior officials aware of the move told ET that a wider panel has been formed «to work on the 5G matter» as no consensus was reached around timelines for replacing obsolete aircraft radio altimeters-a key device that provides vital altitude information to flight crews and on-board aircraft systems during landings in low visibility conditions. While the Directorate General of Civil Aviation (DGCA) and the Department of Telecommunications (DoT) have been holding discussions with telcos, airline operators and aircraft manufacturers, the issue has been in limbo for more than a year. In November 2022, the DoT had asked all mobile operators not to install any 5G sites in the 3,300-3,670 MHz band within 2.1 km of both ends of the runway at all airports in India, to avoid potential interference with aircraft radio frequencies. But it was only meant to be a temporary measure till altimeters of aircraft were replaced.