Author: Shehnaz

The Income Tax Return (ITR) deadline for AY 2022-23 or FY 2021-22 is July 31 for salaried staff whose accounts don’t must be audited. As only some days are left, specialists recommend that taxpayers ought to file their ITR as quickly as doable earlier than the due date. There are a number of parts of the CTC of salaried staff which might be required for tax calculation. “First, we need to calculate the Gross Salary from the monthly salary and then we need to deduct exempt allowances (HRA, LTA, etc), Standard deduction (Rs. 50,000) and professional tax (if any) to…

Housing costs elevated in 41 cities throughout 2021-22, whereas the charges of residential models fell in 5 cities and remained secure in 4 cities, in keeping with worth index RESIDEX launched by National Housing Bank (NHB). All of the eight main metros of the nation viz., Ahmedabad (13.8 per cent), Bengaluru (2.5 per cent), Chennai (7.7 per cent), Delhi (3.2 per cent), Hyderabad (11 per cent), Kolkata (2.6 per cent), Mumbai (1.9 per cent) and Pune (0.9 per cent) recorded enhance within the index on an annual foundation, NHB RESIDEX mentioned. The annual change assorted broadly throughout the cities, starting…

Edelweiss Asset Management Ltd has introduced the launch of a brand new fund ‘Edelweiss Focused Equity Fund’. As the title suggests, it is a focused-equity scheme that goals to create a curated portfolio of 25-30 probably promising shares unfold throughout three key investing alternatives of manufacturers, market share gainers, and innovators. Further, the fund is each market-cap in addition to sector agnostic, thereby enabling buyers to capitalise upon a wider spectrum of alternatives. According to the corporate, the fund’s strategy of making a concentrated portfolio of strong shares which might be tied to those three investing concepts can probably assist…

Hyderabad witnessed residential property registrations of 5,408 models in June 2022, as per the most recent market report by Knight Frank India. Sales registration dipped 25% YoY in June 2022 because the market took a breather after observing a steady upswing. Despite the moderation in gross sales in June 2022, Hyderabad’s total outlook remained constructive as 17,074 properties have been registered in Hyderabad in Q2 2022, a 9.1% YoY enhance. The whole worth of properties transacted in Q2 2022 stood at INR 8,685 crore, a 25% YoY rise, indicating in the direction of the truth that whereas lesser variety of…

The realty sector has skilled one of many worst hits throughout the pandemic, and the pre-COVID stage sale numbers are nonetheless not achieved. While the sector adjusts with numerous financial and pandemic points, GST at all times stays a continuing problem to be taken care of. One of the controversial matters is that of levying GST on switch of growth rights (‘TDR’). To clarify the idea of TDR, it’s an association the place the Landowner transfers the event rights of land to the Developer to assemble the advanced or constructing and in return, the Landowner both receives consideration in money…

Mutual funds centered on investing in fixed-income securities witnessed a heavy outflow of Rs 92,248 crore in June on unsure macro atmosphere, pushed by expectations round an rising price cycle, increased commodity costs and slowdown in development. This comes following a web outflow of Rs 32,722 crore in May and an influx of Rs 54,756 crore in April, information out there with Association of Mutual Funds in India (Amfi) confirmed. Out of the 16 fixed-income or debt fund classes, 14 witnessed web outflows in the course of the month beneath evaluation. The heavy withdrawal was seen from segments, comparable to…

Homebuilding will not be solely an emotionally intensive train but in addition a financially demanding one. Anyone who needs to make the house of his goals has some specs and preferences in thoughts. However, the rising price of building supplies and cement and metal is resulting in an exponential rise in building prices. However, in case you plan a bit of and make use of sensible building methods, it can save you as much as 30-40 % of the standard building price. The following ideas would come in useful to avoid wasting on building expenditure. A easy plan is the…

The use of digital funds resembling cell wallets has elevated considerably in India. According to the most recent Experian Global Insights Report, digital funds have now overtaken bank cards with 91% of Indians preferring on-line cost strategies for monetary transactions. While the shift to on-line transactions is encouraging, it has additionally highlighted the necessity for stringent digital safety measures. 45% of Indian shoppers who have been surveyed have expressed issues relating to fraud and id theft. Furthermore, 80% of shoppers count on companies to take vital precautions to guard their data from fraudsters. Experian surveyed 6,000 shoppers and a couple…

Private fairness funding inflows into the Indian actual property sector stood at $704 million (INR 56 billion), in accordance with the newest information by Savills India. The present macro-economic scenario influenced partly by the worldwide tensions, commodity constraints, resultant inflationary pressures and financial tightening is but to influence the true property funding markets. Due to the declining provide of structured credit score into residential actual property, the mainstay of PE transactions has been leased workplace buy that are excessive in quantity and make the development lumpier in sure quarters as can be evinced within the 32% QoQ decline. As per…

Inadequate monetary administration can typically result in over stepping the budgetary Laxman Rekha and welcoming pointless debt. Planning properly forward for important long-term bills is a given. It is considerably extra rewarding and wiser to save lots of for assembly your long-term objectives (like shopping for a automotive or proudly owning a home) than to offer in to the momentary pleasures and prompt gratifications, ending up overspending on the short-term objectives. It is at all times good to plan for the long run. Let us find out about the most typical errors folks make concerning monetary planning. 1. Failing to…