Today’s Ask Wallet-Wise describes how Section 24(b) applied to a home purchase under the previous tax system when your father provided the financing. Ask Wallet-Wise: Section 24(b) Explained The Ask Wallet-Wise program provides professional guidance on issues pertaining to personal finance and questions about money. You can send your questions to askwalletwise@nw18.com, and we will … Read more
Escape Plan, a travel gear firm, has received $25 million in a Series a funding round headed by current investor Jungle Ventures, in which Fireside Ventures and IndiGo Ventures—the corporate venture capital division of IndiGo Airlines—participate as strategic investors. Series A Funding and Expansion Strategy According to founder and CEO Abhinav Pathak, the new funding … Read more
Experts predict that Indian equity markets will see the highly anticipated free trade agreement (FTA) between India and the European Union as a positive sentiment trigger rather than a structural game-changer, with specific sectoral opportunities across textiles, services, manufacturing, aviation, and pharmaceuticals. India-EU Trade Agreement Momentum Builds Speaking at the World Economic Forum in Davos … Read more
India’s widely circulated assertion that there will be “no tax up to Rs 12 lakh” under the new tax regime has been the subject of a social media post by a chartered accountant. Understanding the Rs 12 Lakh Tax-Free Claim The post highlights the fact that many individuals are unaware that capital gains are not … Read more
A government-backed savings program called the Sukanya Samriddhi Yojana (SSY) aims to protect a girl child’s long-term financial destiny. Eligibility and Account Opening For a girl child, parents or legal guardians may open an SSY account, which contains cash deposited under the program. Any Public Sector Bank branch, India Post office, or approved private banks … Read more