I have been investing in mutual funds for the past four years. Last year, I moved to Dubai and am currently a non-resident Indian (NRI). Say, if I exit all my mutual fund investments now, would I have zero tax liability? —Name withheld on request. I am assuming that you qualify as a non-resident (‘NR’) … Read more
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be observing a significant closure on May 20. This is due to the fifth voting phase for the Lok Sabha Election 2024 in Mumbai, marking the second holiday of the month. The closure is in line with the seven-phase election, as all six seats … Read more
Have you ever received any income tax notice mentioning a defect in your return? This is sufficient to send a chill down the spine of a ‘common man’ or a ‘common woman’. However, anxiety is not going to take you anywhere. First of all, you need to authenticate the notice sent from the department before … Read more
In the fourth week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), voter turnout, domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues. Domestic equity benchmarks traded firmly, drawing strength from lower levels as investors aligned with the broader bullish market outlook. … Read more
If it’s ‘hollow’, then should we be watching, you will naturally ask, dear smart investors! Look at it this way: watch it so you stop yourself from becoming like them. Also Read: Hollywood Con Queen on Apple TV+: Valuable money lessons to learn from the documentary Money Can’t Buy You Love The Beatles sang this … Read more
Oil prices settled nearly one per cent higher in the previous session, with global benchmark Brent crude recording its first weekly gain in three weeks, after bullish macroeconomic data indicators from the world’s top two oil consumers – China and the US – bolstered hopes for higher demand. Brent settled 71 cents higher, or 0.9 … Read more
Mutual funds in India are not explicitly permitted to invest in overseas mutual fund units, which have exposure to Indian securities. As a result, several mutual funds refrain from doing so. Capital markets regulator Sebi has noted that, in view of the strong economic growth prospects of India, Indian securities offer an attractive investment opportunity … Read more
Dividend Stocks: Shares of several companies including State Bank of India (SBI), Vedanta Ltd, Trent, among several others will trade ex-dividend in the coming week starting from Monday, May 20. Along with these, some other stocks will also trade ex-split, ex-rights, and ex-bonus. Some companies have also announced other corporate actions including E.G.M, according to … Read more
Have you ever thought how would someone’s legal successor settle the claim with EPFO for their kin, now deceased, when his aadhaar card details were found to be incorrect? Or what if the accountholder’s aadhaar got deactivated earlier, and he is not alive any more to make amends? In such cases, and many more, where … Read more
The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such as an ageing population, an … Read more