Premium Persons in the new tax regime with annual income up to Rs. 7 lakh will not pay any tax at all 4 min read Last Updated : Feb 02 2023 | 12:06 PM IST Union Finance Minister Nirmala Sitharaman announced several changes to the income tax regime in …

In April, mutual funds bought stocks of Rs 32,800 crore. Across the industry, the key additions were Kotak Mahindra Bank, Axis Bank, and Bharti Hexacom, while the key reductions were State Bank of India, Jio Financial Services, and Bajaj Finance, according to Mutual Fund Insight by Nuvama Alternative & Quantitative …

An insurer cannot reject a health insurance claim solely based on the grounds of pre-existing diseases, the Delhi State Consumer Disputes Redressal Commission has said. The state consumer commission headed by Justice Sangita Dhingra Sehgal, and with Pinaki and JP Agrawal as members, ruled against HDFC insurance for rejecting a …

A better-than-expected economic performance despite pressures in some segments of the economy has given the Reserve Bank of India (RBI) one less reason to worry as it meets this week to review its monetary policy. Shaktikanta Das, Governor of the Reserve Bank of India, will announce the decisions of the …

4 min read Last Updated : Feb 02 2023 | 5:37 PM IST Finance Minister Nirmala Sitharaman introduced a slew of changes to the new income tax regime in the Budget 2023. The rebate limit for individual taxpayers has been raised from Rs 5 lakh per annum to Rs …

HDFC Defence Fund-Reg(G), which was a top performer among the equity mutual fund schemes in April with returns of 12.56%, added three new stocks to its portfolio in the month gone by. These were Garden Reach Shipbuilders & Engineers, JNK India and Mazagon Dock Shipbuilders. Meanwhile, the scheme increased its …

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The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has spared a non-resident Indian (NRI) from paying any tax in a case dealing with underpayment of stamp value related to the purchase of a flat in Mumbai, where payment period was three years. The assessing officer (AO) had imposed an …

3 min read Last Updated : Feb 06 2023 | 4:29 PM IST Cholamandalam Investment and Finance Company (Chola) expects 25-30 per cent growth in its assets under management (AUM) for Financial Year 2023-24 (FY24). The financial services company of the Murugappa group is betting on electric vehicles …

Guwahati: The Average Net Assets Under Management (AAUM) of the northeastern states has grown by nearly 145 per cent from 2020 to touch Rs 40,324 crore in March 2024, up from Rs 16,446 crore in March 2020, indicating a growing appetite among investors from smaller towns and cities to invest …