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Many taxpayers pay rent to their parents to claim tax deduction benefits. But make sure that you actually pay rent to them, and save documents and rent receipts. You can claim tax breaks under section 80GG on rent paid if you are not eligible for HRA. If you are availing of exemption on house rent allowance by paying rent to parents, ensure that you have an agreement and rent receipts in place.
In 2020 when the Covid-19 pandemic spread across the globe, a growing need was felt among investors to invest in ‘responsible’ companies. Now, investors are back to focussing on funds that give high returns, ESG or no-ESG. Today, we have with us Kaustubh Belapurkar, Director – Manager Research at Morningstar Investment Adviser India and he will discuss how ESG investing differs from traditional investment approaches and more.
Bank locker holders have been receiving SMS and emails from their banks asking them to sign revised locker agreements by the June 30, 2023. In a conversation with Moneycontrol, Puneet Kapoor, President - Products, Alternate, Channels and Customer Experience Delivery, Kotak Mahindra Bank explains why bank locker holders are being asked to sign a revised agreement and how this will make their lockers safer than before
The deadline for filing income tax returns, July 31, is two months away, but to avoid committing errors at the last minute, start the process as soon as you get access to your Form 16.
Arbitrage funds are expected to be a beneficiary of the decision of taxing capital gains on investments in debt funds at slab rate without indexation. Recent derivative expiry notes released by mutual fund houses are vocal about optimism around the spot-futures arbitrage strategy.