The Union Budget 2025 unveiled on 1 February 2025 has been responsive, and rightly so. As the Finance Minister stated, it is on the path to accelerating growth and boosting middle-class consumption through lower tax rates. There are many key provisions which will impact the way we pay tax, save money & invest it. HereRead More
How an Incapacitated Can Access Mutual Funds & Demat
In an unfortunate turn of events, an accident may make a person incapacitated and he may not be in a position to sign or make himself available to withdraw his investments. This money may be required for further treatment or some family needs. SEBI, on Jan 10, 2025, came up with the answer and ProcessRead More
Fixed Income Options for Assured Income
Most Investors who prefer not to invest in Mutual Funds or Equities often ask, “What are the fixed income options for assured income?” Investors look for fixed income options on a periodic basis, mostly monthly. They also want their principal to be intact. Is this possible? Yes, very much, and there are multiple options. JustRead More
Taxation Guide for Merchant Navy Seafarers
Merchant Navy, or Seafarers as we call them, forms an important community. However, there is much confusion over their residential status, which, in turn, prevents them from making investment decisions. So, let us try to understand and construct an Investments & Taxation Guide for Merchant Navy Seafarers in detail. Let us start with Taxation aspectRead More
Successive Nomination & Simultaneous Nomination
The Indian Parliament recently passed the Banking Laws (Amendment) Bill, 2024, marking a significant overhaul of the country’s banking regulations. This bill was introduced on August 9, 2024, and passed by the Lok Sabha on December 3, 2024. Now it will be an ACT when the president signs it. Key Changes Proposed – Definition ofRead More
Taxability of NRI Rent Income
NRIs have properties in India. These properties are either inherited or self-acquired. They buy houses for investment purposes or for self-occupancy when they are in India. Most NRI rent the property but what about Rent Income? What will be the Taxation of NRI Rent Income? Let’s check this today… When an NRI is abroad heRead More